“The economy is in a lot of flux, policy is in flux, there’s a lot of uncertainty. I think we’ll have to wait three to six months to start to see where this settles out.”
“China has too much leverage over the U.S. for the U.S. to continue with its hardline stance. ... What we need to keep in mind is leverage and who has that leverage.”
The health insurer is accused of using forfeited funds from departing employees to reduce employer contributions to the retirement plan instead of using the funds to reduce administrative fees.
“For now, distributors are not passing on all these extra costs to consumers. It will take more time to assess whether a sustained squeeze on margins is occurring.”
Referring to yesterday’s inflation report and calling the Fed chair “Too Late Powell,” the president said on social media that waiting to understand tariffs’ effect on prices is “not fair to America.”
Representing 16,000 employees, a former participant in the retirement plan filed a class-action lawsuit, alleging the plan’s target-date funds from American Century Investments should have been replaced.
