Labor Department Reverses Biden-Era Stance on Crypto in 401(k) Plans

U.S. Dept of Labor rescinded 2022 warning to fiduciaries against including cryptocurrency in 401(k) retirement plans, reversing Biden-era policy.

Trump Media to Raise $2.5 Billion for Bitcoin Treasury

TMTG said on May 27 that institutional investors will purchase $2.5 billion in the company’s stock, with the proceeds going toward a bitcoin reserve.
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Southwest Airlines to Start Charging $35 for First Checked Bag Under New Policy

Southwest Airlines will start charging $35 for a first checked bag and $45 for the second on select fares, ending its decades-long “bags fly free” policy.

Musk Says He Is Going Back to Working on His Companies After X Outage

Tesla and SpaceX CEO Elon Musk will resume working at his companies around the clock following a widespread outage of his social media platform X.

FTC, DOJ File ‘Statement of Interest’ Against BlackRock, State Street, and Vanguard in Coal Manipulation Case

FTC and DOJ filed “Statement of Interest” in multi-state litigation accusing BlackRock, State Street, and Vanguard of conspiring to restrict coal production.

Crude Oil Prices Decline Amid Unexpected US Inventory Buildup

An unexpected increase in U.S. crude oil stocks contributed to pushing down oil prices in early morning trade on may 22.

SBA Launches Portal to Connect Businesses With 1 Million American Suppliers

The SBA unveiled a free online tool to help small businesses identify and connect with more than a million American manufacturers and suppliers.

Home Depot Says Tariffs Won’t Impact Store Prices, Shares Spike Before Retreating

Shares of Home Depot rose nearly 9% in early trading after saying it doesn’t plan to raise in-store prices despite concerns of possible recession in first quarter.