Walmart is receiving widespread pushback from attorneys general in 13 states, in addition to more than 30 shareholders representing $266 billion in assets.
As she exited the job, Treasury Secretary Yellen urged Congress to increase or suspend the debt ceiling—and detailed actions Treasury is taking, starting today, to keep the nation solvent.
The tech giants join a growing list of employers, including Walmart and McDonald’s, that are re-evaluating their diversity, equity, and inclusion policies, while Costco and Apple are doubling down on DEI.
A federal judge has dismissed—for the second time—a lawsuit against Bechtel Global that alleged the $5.7 billion plan’s default managed account investment led to excessive fees and subpar returns, arguing that a target-date fund would have been a better alternative.
The relentless rise in government bond yields in the United States and around the world may represent the “new normal” for both investors and companies.
While the easing is welcome after months of elevated readings, a series of subdued readings would be needed to convince Fed officials that they are again making adequate progress on inflation.
A federal judge in Texas ruled that the company violated its ERISA duties by not focusing “on the best financial benefit” for its 401(k) plan—the biggest victory yet in a case involving ESG investing.
