More Americans are taking hardship withdrawals from workplace retirement accounts, prompted by rising costs — and looser rules.
Category: United States
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More Americans Taking 401(k) Hardship Withdrawals
The New York Times – Business: -
Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business:But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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New Rules Hinder Foreign Firms From Moving Supply Chains From China
The New York Times – Business:Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country.
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The Escalating Global A.I. Arms Race
The New York Times – Business:China, the U.S., Russia and others have ramped up their contest over artificial-intelligence-backed weapons and military systems. The buildup has been compared to the dawn of the nuclear weapons age.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
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How Airlines Turned First-Class Seats From Freebies to a Profit Engine
The New York Times – Business:Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
The New York Times – Business:Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.