U.S. stock futures drifted slightly lower Tuesday evening after a regular session rally, as investors cheered upbeat developments on discussions between Russia and Ukraine. Contracts on the S&P 500 traded flat to slightly lower. The blue-chip index rose for a fourth consecutive day and closed at its highest level since January earlier Tuesday, unwinding some losses for the year-to-date. Technology stocks led the way higher and helped pull the Nasdaq Composite up by nearly 2%. The CBOE… Source link

A retirement reform plan known as “SECURE 2.0” is finally on the move again on Capitol Hill. The bill, known formally as the Securing a Strong Retirement Act of 2022, was passed by the House of Representatives Tuesday in an overwhelming 414 to 5 vote. “Oftentimes in this chamber you will hear the phrase transformative,” said Ways and Means committee chairman Richard Neal (D-MA) as the bill neared passage. “Sometimes it’s hyperbolic but on this occasion, this is transformative… Source link

Over the weekend, Elon Musk said something outlandish. I know what you’re thinking: Be more specific. Well, this time the Tesla CEO indicated he might launch a social network — or, at the very least, wouldn’t rule it out. “Am giving serious thought to this,” he replied to a Twitter user who asked whether Musk would consider building his own rival platform. Musk had earlier criticized Twitter. “Given that Twitter serves as the de facto public town square, failing to adhere to free… Source link

Google today released Chrome 100, the latest version of its browser that’s available on Macs, PCs, iPhones and iPads, Android devices, and more. Chrome 100 is notable because it features the first major icon update for Chrome since 2014. The updated design was first previewed in February, and it features a simplified icon with brighter colors and no shadows. Chrome designer Elvin Hu said that the refreshed design was meant to align with “Google’s more modern brand expression.” Chrome has new… Source link

Liquidity issues would make President Joe Biden’s proposed “billionaire tax” difficult to execute, Tyler Goodspeed, former acting chairman and vice chairman of the Council of Economic Advisers, told Yahoo Finance Live in a recent interview. “I think my main reaction is, it strikes me as a little bit gimmicky in an election year,” he said. “Look, if you think that billionaires should be paying more in taxes, then I think you should be seriously considering an elimination of the step up… Source link

The Federal Trade Commission filed a lawsuit against TurboTax creator Intuit (INTU) this week, claiming its deceptive “free tax filing” ads are misleading American taxpayers. The consumer protection agency alleged that Intuit’s advertising practices purposely guided consumers to seek out free filing services on TurboTax that weren’t actually available to them. Instead, they were steered to the company’s paid products. With tax day barely a month away, the FTC has also filed a federal… Source link

Pete Carroll still needs a quarterback, but talks with Colin Kaepernick to fill that vacancy in Seattle have apparently stalled. The Seahawks coach said Tuesday from the NFL’s annual meetings in Florida that, even though Kaepernick reached out to him about trying out for the team, their “conversations have not progressed.” “I’ve watched a bunch of his workouts … to kind of keep me up with what’s going on,” Carroll said, via USA Today. “He’s really working hard. He’s all… Source link

Sky-high gas prices are surfacing memories of a bygone era — the 1970s — defined by bellbottoms, disco music and (you guessed it) gas lines. Modern motorists might pine for the prospect of 50-cent a gallon unleaded gas that the decade averaged, but don’t compare that to the $4-plus a gallon we’re shelling out ($5 in California!) today. For a true apples-to-apples price comparison, it’s worth reviewing a concept that not only made Warren Buffett fabulously rich — but also makes us all a… Source link

The market’s most closely watched part of the yield curve inverted very briefly on Tuesday. At 1:33 p.m. ET on Tuesday afternoon, Bloomberg data showed the yield on the 10-year U.S. Treasury note (^TNX) briefly dipping below the yield on the 2-year U.S. Treasury. The inversion lasted only a few seconds, and by 3:00 p.m. ET (the settlement time for U.S. government bond futures) the curve remained un-inverted with about 0.05% separating the two securities’ yields. Over the last half-century… Source link

Kansas City made another first for Google Fiber on Friday, when a group of subcontract workers became the first to successfully unionize. The National Labor Relations Board said the vote was 9-1 in favor of unionizing by full-time workers operating Google Fiber’s area retail stores. They are employed by BDS Connected Solutions. The local workers are the first Google Fiber workers to join the new Alphabet Workers Union, a unit of Communications Workers of America, the union… Source link