The government is working on an ambitious overhaul of the Employees’ Provident Fund Organisation (EPFO) that could significantly expand India’s retirement savings framework. Under the proposed EPFO 3.0 reforms, the retirement fund body is planning a universal pension system that could cover not only salaried employees but also gig workers, platform workers and […]
A Philadelphia-based startup that uses a combination of foreign labor and artificial intelligence to help construction contractors submit more bids has closed its inaugural investment round. Courtesy of Guthrie AI Ted Baumgardner, center, surrounded by members of the Guthrie AI team at a trade show Guthrie AI raised $4M to help expand beyond its roster of 52 […]
Federal Reserve Chairman Kevin Warsh testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen building on Wednesday, July 15, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images In April, the Federal Reserve and Treasury Department convened an extraordinary meeting with […]
CHICAGO – MARCH 28: Traders in the Ten-Year Treasury Note options pit at the Chicago Board of Trade signal offers in a flurry of activity following the announcement by the Federal Open Market Committee that it was raising short term interest rates another .25 percent March 28, 2006 in Chicago, Illinois. Trading in the pit […]
Though President Donald Trump announced on Monday a new 50% tariff on a wide range of Canadian goods, softwood and lumber were not among the items facing new charges. The news was a win for the National Association of Home Builders (NAHB), which has continued to urge the president to exempt building materials from tariffs […]
Key insight: In the second quarter of 2026, auto-loan delinquencies for Ally were roughly flat from the same period last year. Supporting data: Loans that were 60 or more days past due amounted to 1.04% of Ally’s auto loans, the same rate as a year ago. Expert quote: “We’ve got this dynamic of stubbornly high […]
Insurance is no longer a “set-and-forget” purchase, but the foundation of a financial plan that must evolve alongside your family. Without the right protection, a single medical emergency or the loss of a breadwinner can liquidate years of disciplined investing in weeks. Choosing the right policy is about identifying which risks you can afford […]
On Tuesday, derivatives marketplace CME Group announced plans to launch Sorghum basis futures, with trading expected to begin on 24 August 2026, pending regulatory review. Sorghum is a versatile commodity positioned to meet demand from the domestic feed industry, international export markets and, increasingly, biofuels. The new basis contract reflects the price difference between sorghum […]
Los Angeles’ Oceanwide Plaza, a massive downtown development stuck in limbo so long it became tagged and transformed into the infamous Graffiti Towers, has been cleared for sale. The long process of selecting a new developer after the original Chinese developer went bankrupt may finally be coming to a close. SEE ALSO: Los Angeles’ Moribund […]
Los Angeles is once again the outlier in the national office recovery. While vacancy tightened in more than half of major U.S. markets in Q2, LA’s rate climbed to 25.8%, driven by steep emptying in Downtown and Hollywood even as Century City pulls in tenants. The divide underscores a structural challenge in LA’s office market: The city’s creative-heavy […]