Laurel Wamsley The funds in most retirement accounts are pretty basic: stocks and bonds. Now, an executive order signed by President Trump aims to lay the groundwork for an array of “alternative assets,” including cryptocurrency, real estate and private equity, to be included in 401(k) and similar accounts. These accounts are retirement plans offered by…
Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause Business live – latest updates George Magus: Why Peak China may finally have arrived Donald Trump’s decision to extend a truce in the trade war with China for another 90 days triggered a stock market rally across…
Updated regulations ban the country’s 40 million civil servants from lavish banquets, and restrict them from overseas travel for ‘personal leisure’ Adjacent to a municipal government building in Beijing, a normally bustling restaurant is now eerily quiet, at lunchtime most of its seats are empty. The recent crackdown on civil servants frequenting restaurants – part…
Danielle Kurtzleben Trump has long sold his tariff plan as a new source of cash for the government. And with his recent moves, tariffs are adding tens of billions of new dollars to federal revenue. Last month, the Department of the Treasury brought in more than $29 billion in “customs and excise taxes” — a…
By The Associated Press The State Department is proposing requiring applicants for business and tourist visas to post a bond of up to $15,000 to enter the United States, a move that may make the process unaffordable for many. In a notice to be published in the Federal Register on Tuesday, the department said it…
Company renews focus on fossil fuels and believes Santos basin could be its largest find since 1999 Business live – latest updates BP has made its largest oil and gas discovery of the past 25 years off the coast of Brazil as it continues to shift its focus back to fossil fuels. The Santos basin…
Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget Business live – latest updates The boss of HSBC has joined a growing chorus of bankers cautioning Rachel Reeves against increasing taxes on banks in her autumn budget, warning it risked “eroding” investment and ultimately harming UK growth. Georges…
By Rafael Nam From businesses to Americans across the country, everybody seems worried that the economy will be hit badly if the massive tariffs threatened by President Trump go into effect this week on Aug. 1. Yet anybody who has looked recently at their 401(k) statements or retirement accounts will have noticed something surprising: Stocks…