Josh Robbins, chief strategy officer for America's Best 401k, breaks down the fight over the fiduciary rule. He also explains how you can make sure your 401k is healthy.
Robbins says the fiduciary rule is intended to make sure all financial professionals are working in the best interest of their clients, but it may lead to pros changing hats depending on the day. Robbins says it could make things "very confusing" for consumers.
Robbins explains people should be looking into their 401ks to make sure it's right for them. He says the average person shouldn't be messing around with market timing because it's an expensive game.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
