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Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
Change backed by labor department would expose workers to greater financial risk, letter shared with Guardian saysCongressional Democrats are strongly opposing a US Department of Labor proposal that would allow 401(k) investments to include cryptocurrency, private credit and private equity assets, arguing the change will expose workers to riskier and more complex investments. In a letter shared exclusively with the Guardian, Senator Bernie Sanders, Senator Elizabeth Warren and House...
Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
Change backed by labor department would expose workers to greater financial risk, letter shared with Guardian saysCongressional Democrats are strongly opposing a US Department of Labor proposal that would allow 401(k) investments to include cryptocurrency, private credit and private equity assets, arguing the change will expose workers to riskier and more complex investments. In a letter shared exclusively with the Guardian, Senator Bernie Sanders, Senator Elizabeth Warren and House...
The US just had its highest number of people file for unemployment benefits since the Iran war started
The US just had its highest number of people file for unemployment benefits since the Iran war started The war in Iran has injected significant uncertainty into the broader US economy and its labor market - Bookmark Applications for unemployment benefits in the United States reached their highest level in four months last week, signaling growing economic uncertainty exacerbated by the ongoing conflict in Iran, even as overall layoffs remain historically low. The Labor Department reported...
The Job Market May Be Better Than Workers Realize
A jobseeker arrives for the WNC Career Expo job fair in Fletcher, North Carolina, US, on Thursday, April 16, 2026. The Department of Labor is expected to release initial jobless claims figures on April 23. Allison Joyce/Bloomberg
US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027. The Consumer Price Index increased 4.2 per cent in the 12 months through May, the largest gain since April 2023, the Labor Department's...
US reaches EB-2 visa limit for Indians; new visas resume in October
The US Department of Homeland Security (DHS) recently announced that the per-country limit in EB-2 category for India has been exhausted for the fiscal year (FY) 2026. In its announcement, the DHS directed all embassies and consulates to no longer issue EB-2 visas to Indian applicants for the rest of the current fiscal year. As directed by the US Citizenship and Immigration Service (USCIS), the annual limits will reset with the start of the new fiscal year (FY 2027) on October 1, 2026.
The Latest: US job market shows resilience with 172,000 jobs added last month
The Latest: US job market shows resilience with 172,000 jobs added last month The American job market continues to show surprising strength, shrugging off the high costs of the Iran war - Bookmark The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May — roughly double what forecasters had expected — and the unemployment rate remained at a low 4.3%. The Labor Department reported Friday that job growth...
From strokes to untreated HIV, ICE detainees describe medical negligence across the US
From strokes to untreated HIV, ICE detainees describe medical negligence across the US The Department of Homeland Security reported 51 people had died in detention since the start of Trump’s second administration, with suicides spiking to an unprecedented number - Bookmark An Albanian man, held for months in a New Mexico immigration detention center, said he pulled out his own tooth due to excruciating, untreated pain. His harrowing account is one of several emerging from US immigration...
Airline profits plummet as US fuel costs nearly double
Airline profits plummet as US fuel costs nearly double IATA forecasts $350bn airline fuel bill for 2026, with profits dipping to their weakest margin since the COVID-19 pandemic. Jet fuel prices in the United States are rising sharply ahead of the peak summer travel season as escalating tensions between the US and Iran raise concerns about disruptions in the Strait of Hormuz, a critical passage for global energy shipments. Fuel costs surged by 78 percent to nearly $6.5bn in April, following...
US inflation hits new three-year high amid energy price surge
US inflation hits new three-year high amid energy price surge US markets stumbled as inflation data sparked fears of rate hikes in the coming months. Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April, according to the US...