Biden employed initial veto to preserve a 401(k) expense rule. This is what it does

Biden employed initial veto to preserve a 401(k) expense rule. This is what it does


Vital Points
  • President Joe Biden on Monday utilised his to start with veto to preserve a the latest U.S. Division of Labor rule about ESG money in 401(k) options.
  • The Biden regulation unwound 1 issued by President Donald Trump’s administration, which efficiently barred employers from thinking about “environmental, social and governance” cash.
  • Industry experts are not sure regardless of whether the Biden veto will lead to much more ESG uptake by businesses.



Source

Fed’s Miran says stablecoin surge could help push interest rates lower
Finance

Fed’s Miran says stablecoin surge could help push interest rates lower

Key Points Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower. “Stablecoins may become a multitrillion-dollar elephant in the room for central bankers,” Miran said during a speech in New York. Source

Read More
Stocks making the biggest moves midday: Block, Archer Aviation, Akamai, Globus Medical and more
Finance

Stocks making the biggest moves midday: Block, Archer Aviation, Akamai, Globus Medical and more

Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came IN below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32% […]

Read More
Altimeter’s Brad Gerstner says market pullback is healthy, sees no bubble in tech
Finance

Altimeter’s Brad Gerstner says market pullback is healthy, sees no bubble in tech

Altimeter Capital founder and CEO Brad Gerstner said Friday the recent pullback in technology shares is a healthy correction after a monthslong surge. “The Nasdaq’s gone up 40% off the bottom in April. The market was kind of looking for a reason for a breather,” Gerstner said on CNBC’s ” Money Movers .” “This week, […]

Read More