As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
Investor Jim Chanos is betting against GrubHub, and said the food delivery company makes almost nothing per order.Delivering Alpharead more
Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is "screwing the savers."Delivering Alpharead more
Datadog priced its stock at $27, selling 24 million shares and raising $648 million in its IPO.Technologyread more
"We sell the most mission-critical identity security to the largest global enterprises around the world," says Ping Identity CEO Andre Durand.Marketsread more
More than half of the patients have been younger than 25 and 16% are younger than 18, CDC principal deputy director Anne Schuchat said.Health and Scienceread more
Here's a look inside Apple's flagship Fifth Avenue store, known as the "cube," in New York. It reopens on Friday after being closed since 2017 for renovations.Technologyread more
President Donald Trump touted the strong performance of 401(k) accounts during his first State of the Union address.
The reality is that most Americans do not have one.
"The great news for Americans — 401(k) retirement pension and college savings accounts have gone through the roof," Trump said, veering slightly from his prepared speech, in his 80-minute address Tuesday night.
Only about one-third of workers participate in a 401(k) plan, according to 2017 research from the U.S. Census Bureau. In fact, just 14 percent of all employers have a 401(k) or other defined contribution plan for their workers. Even at companies where they are offered, only 41 percent of employees contribute.
Among small business, it's less likely that a 401(k) is even available. On average, 10 percent of companies with fewer than 100 employees offer a retirement plan, according to new research from retirement savings platform Finhabits.
Among employees who do sock away pretax dollars in 401(k) accounts, the average balance was $96,495 in 2016, according to Vanguard research. The median balance — half are above, half fall below — was $24,713.
The stock index surged more than 19 percent in 2017 and is up more than 5 percent this year.