News

The latest PPI report shows that tariffs have yet to result in higher prices for businesses and consumers.

This week, Cigna was again sued for fiduciary violations for using forfeited funds to reduce employer contributions to the plan, following a similar suit last month. What’s surprising is that another health insurer, UnitedHealth, is now facing two similar 401(k) lawsuits.

U.S. factory activity contracted for a third straight month in May, and growth in overall U.S. private construction spending on manufacturing has flatlined from the boom seen under the Biden administration.

The core CPI rose just 0.1% from April to May and 2.8% from a year ago.

This class-action suit is one of 50 filed in the past two years by employees challenging how employers use the “forfeited funds” from departing employees who leave before they are vested in the retirement plan.