A three-judge panel rejected the government’s argument that Trump had authority to unilaterally issue tariffs under a law intended to address financial transactions during national emergencies.
In 2022, the U.S. Department of Labor warned fiduciaries to “exercise extreme care” before adding a cryptocurrency option to their plans. Today the agency has rescinded that guidance.
The health insurer is facing a second 401(k) suit this year, alleging forfeited funds from departing employees were improperly used, after settling another 401(k) lawsuit in December for a record $69 million.
Following the sudden departure of its CEO, the health insurer is now facing an employee lawsuit that alleges UnitedHealth reduced employer contributions to the 401(k) plan by more than $19 million by using forfeited funds from departing employees, an ERISA violation.
Long-dated Treasuries have become less attractive to investors since Moody’s downgraded the United States from AAA, reinforcing Wall Street’s worries over the U.S. sovereign bond market.
“The economy is in a lot of flux, policy is in flux, there’s a lot of uncertainty. I think we’ll have to wait three to six months to start to see where this settles out.”
“China has too much leverage over the U.S. for the U.S. to continue with its hardline stance. ... What we need to keep in mind is leverage and who has that leverage.”
The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.
