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Americans haven’t saved for retirement. These states are creating automatic savings plans

Americans haven’t saved for retirement. These states are creating automatic savings plans

By Kevin Hardy, Stateline.org

Worried about large numbers of workers without a nest egg, Nevada this month launched a new retirement program for private sector workers who lack access to one.

The program requires employers with six or more employees to participate — unless they already sponsor an employee retirement plan.

Employees, who can opt out, are automatically enrolled in an Individual Retirement Account, or IRA, through regular paycheck deductions.

Nevada State Treasurer Zach Conine hopes the new program, created by lawmakers in 2023, will boost financial literacy and ultimately reduce state costs on social services as more people save for retirement. He said about 500,000 workers were expected to be eligible under the plan — nearly a third of the state’s civilian labor force of 1.68 million.

“We don’t care broadly if someone stays on the Nevada plan or goes out and gets their own retirement savings plan,” said Conine, a Democrat who is running for state attorney general. “We care that people are saving for retirement.” read more

Wall Street poised to open higher, boosted by strong earnings from AI-focused technology sector

Wall Street poised to open higher, boosted by strong earnings from AI-focused technology sector

By TERESA CEROJANO and MATT OTT, Associated Press

Wall Street was on track to open with solid gains Thursday on the strength of some blowout quarterly reports from the AI-obsessed technology sector.

Futures for the technology-heavy Nasdaq climbed 1.2% before the opening bell, while S&P 500 futures rose 0.9%. Futures for the Dow Jones Industrial Average lagged its counterparts but was still up 0.2%.

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Facebook parent company Meta jumped 11.6% overnight after the social media giant crushed Wall Street’s sales and profit targets even as the company continues to pour billions of dollars into artificial intelligence. read more

Triumphant in trade talks, Trump and his tariffs still face a challenge in federal court

Triumphant in trade talks, Trump and his tariffs still face a challenge in federal court

By PAUL WISEMAN, Associated Press Economics Writer

WASHINGTON (AP) — President Donald Trump has been getting his way on trade, strong-arming the European Union, Japan and other partners to accept once unthinkably high taxes on their exports to the United States.

But his radical overhaul of American trade policy, in which he’s bypassed Congress to slam big tariffs on most of the world’s economies, has not gone unchallenged. He’s facing at least seven lawsuits charging that he’s overstepped his authority. The plaintiffs want his biggest, boldest tariffs thrown out.

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Turbulence forces Delta flight to land and sends 25 passengers to hospitals, airline says

Turbulence forces Delta flight to land and sends 25 passengers to hospitals, airline says

A Delta Air Lines flight from Salt Lake City to Amsterdam was hit by serious turbulence, injuring passengers and forcing the flight to divert to Minneapolis-St. Paul International Airport, the airline said.

The flight landed around 7:45 p.m. Wednesday. The airport fire department and paramedics met the flight and 25 passengers were taken to hospitals for evaluation and treatment, the airline said.

Serious injuries from in-flight turbulence are rare, but scientists say they may be becoming more common as climate change alters the jet stream.

A man was killed when a Singapore Airlines flight hit severe turbulence in May 2024, the first person to die from turbulence on a major airline in several decades.

Watch Live: SpaceX Crew-11 launch on tap just after noon with chance for sonic boom

Watch Live: SpaceX Crew-11 launch on tap just after noon with chance for sonic boom

KENNEDY SPACE CENTER — The next four humans in the parade of SpaceX launches from the Space Coast are set to fly to the International Space Station at a launch just after noon Thursday.

The Crew-11 mission flying on a Falcon 9 rocket is set to lift off from KSC’s Launch Pad 39-A at 12:09 p.m. carrying NASA astronaut and commander Zena Cardman, NASA astronaut Mike Fincke, JAXA (Japan Aerospace Exploration Agency) astronaut Kimiya Yui and Roscosmos cosmonaut Oleg Platonov.

The quartet, who arrived to KSC on Saturday, will be riding in the Crew Dragon Endeavour making its fleet-leading sixth trip to space. They donned their spacesuits after 8 a.m. at the Neil Armstrong Operations & Checkout Building ahead of walkout and the ride over the launch pad. Their black Teslas for the ride out feature individual license plates reading “Live,” “Laugh” and “Launch.”

“This is a really important mission,” said NASA Commercial Crew Program manager Steve Stich during a flight readiness press conference Thursday. “We worked very hard with SpaceX to complete all the reuse activities for this vehicle. We had certified the vehicles – the Dragons – for only five flights. Now, we’ve completed all that work, and we’re really ready to go.” read more