Retirees lost 23% of their 401(k) savings in 2022, Fidelity says
Retirement 401(k) account balances lost nearly one-quarter of their value in 2022, according to Fidelity Investments, the largest 401(k) provider in the U.S.
Democrats urge EPA to tighten gas flaring restrictions to curb methane emissions
Congressional Democrats said the agency’s proposal needs to better regulate routine gas flaring, or the process of burning excess natural gas at an oil well.
Medicare rejects Alzheimer’s Association request for unrestricted coverage of treatments like Leqembi
The Alzheimer’s Association, in a statement Wednesday, said it was “appalled” by CMS’ decision.
FTX founder Sam Bankman-Fried hit with four new criminal charges
The new indictment against FTX founder Sam Bankman-Fried includes new details alleged fraud at the cryptocurrency company and a related hedge fund.
DOJ reportedly probes Google Maps, adding to sprawling antitrust concerns
The Justice Department has already filed two antitrust lawsuits against Google, focused on its search distribution and its online advertising business.
Moderna misses on earnings as costs rise from surplus production capacity, lower Covid shot demand
Moderna reported quarterly earnings of $3.61 per share, a 68% decrease from the same period in 2021 when it booked $11.29 per share.
Steve Bannon sued for nearly $500,000 in alleged unpaid legal bills
A law firm claims Bannon has an outstanding bill of more than $480,000 for legal services it provided from around November 2020 through November 2022.
Nvidia stock rises after slight beat driven by A.I. chips
Nvidia has increasingly been seen by investors as one of the chip stocks best positioned to endure an economic slowdown that hurts PC and semiconductor sales.
California water officials raise State Water Project allocation after storms
The Department of Water Resources (DWR) said the modest increase in forecasted water deliveries this year is due to early gains in the Sierra snowpack.
West Virginia asks judge to dismiss lawsuit seeking to overturn state restrictions on abortion pill
The case is one in a series of ongoing legal battles in federal courts around the U.S. over the FDA’s two-decade-old approval of mifepristone.
