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Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for Wealth Management’s RPA channel, reviews all of last week’s industry news and selects the five most important/interesting stories. Worth Reading: Read the full raw transcript below: Greetings & a warm welcome to this week’s edition of 401k Real Talk. This…

<!–> Bank of America CEO Brian Moynihan addresses college students’ concerns about AI’s impact on entry-level jobs, detailing the company’s commitment to hiring 4,000 campus recruits on ‘Fox & Friends.’ The U.S. economy added jobs at a modest pace in May amid uncertainty surrounding the impact of conflict in the Middle East on the labor…

NEW YORK (AP) — All 32 of the nation’s biggest banks passed the Federal Reserve’s annual “stress test” of the financial system, the central bank said Wednesday, a sign that the banking system would remain healthy even if a major economic contraction occurred. The annual stress test measures whether a bank’s capital, a financial cushion…

The dollar headed on Thursday for its biggest monthly gain in almost a year, ​ahead of U.S. inflation data that could support ​many investors’ growing belief that the Federal Reserve will need to raise rates ​at least once this year. The dollar hit a 13-month high against the euro on Wednesday, leaving the single European…

By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth. The growth in gross domestic product — the nation’s output of goods and services — marked a rebound…

The Federal Reserve’s annual stress tests released Wednesday show that the largest US banks could withstand a severe recession with plenty of capital on hand to absorb hundreds of billions in losses. This year, the Fed’s regulatory exam applied to 32 banks with assets of more than $100 billion, a group that included Wall Street…

It’s been a history-making year for Wall Street and the Federal Reserve. Earlier this month, the Dow Jones Industrial Average (^DJI +0.35%), S&P 500 (^GSPC 0.10%), and Nasdaq Composite (^IXIC 0.43%) reached all-time highs. Meanwhile, President Donald Trump’s handpicked successor to Jerome Powell, Kevin Warsh, was officially sworn in as only the 17th chair in…

Nifty opened with a gap-up and extended its gains through the session to hit an intraday high of 24,262. However, profit booking at higher levels dragged the Index lower, eventually settling at 24,056, up 0.14%. During the day, Nifty moved well past its 100-day EMA but profit booking at higher levels led to the Index…

Renewable Energy Stocks Q1 In Review: SolarEdge (NASDAQ:SEDG) Vs Peers Looking back on renewable energy stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including SolarEdge (NASDAQ:SEDG) and its peers. Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve…

Jonathan Kitchen Materials stocks are drawing attention as commodity markets navigate a mix of economic uncertainty, shifting demand expectations, and ongoing volatility in metals and industrial inputs. In light of this, below is a list of the top 10 S&P 500 materials holdings