_{ECONOMIC NEWS}
Majority of Americans Fear a Looming Retirement Crisis

Many Americans, like 37-year-old single father Eric Payne, are struggling to balance daily expenses and save for retirement. Despite earning a decent salary, unexpected costs leave little room for future planning. With less than $10,000 saved for retirement, Payne, like many others, expects to work well beyond 65. The broader retirement crisis looms as pensions dwindle, Social Security faces deficits, and many Americans tap into 401(k)s to cover immediate needs. Meanwhile, political debates about entitlement cuts and reforms are intensifying as voters worry about their financial futures. Read More.

_{FINANCIAL NEWS}

Powell warns that commercial real estate troubles could trigger bank failures: ‘This issue will take years to address’

Federal Reserve Chair Jerome Powell warned that some small and medium-sized banks may fail due to significant losses in the commercial real estate sector, particularly from falling office and retail property values following the shift to remote work. While Powell assured that larger, "systemically important" banks are not at immediate risk, he emphasized that addressing this issue will take years. The Fed is working with at-risk banks to manage capital, liquidity, and losses. Despite concerns, Powell expressed confidence that regulators will prevent a broader financial crisis similar to the 2008 bailout scenario. Read More.