Can former employers withhold money from your 401(k) when you’re laid off?

In monopsony models, wage markdowns induce deadweight loss and are therefore inefficient. Yet markdowns also arise in models with backloaded efficiency pay, where they are designed to induce effort among early-career workers and are thus efficient. To reconcile—and empirically distinguish—these two mechanisms, we build a dynamic model incorporating labor market power and endogenous effort. Estimating…

The AUD/USD pair edges lower to around 0.6975 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline below the 0.7000 psychological level due to escalating tensions in the Middle East.  The Guardian reported that US Central Command (CENTCOM) announced another death of a service member as it launched more airstrikes…

Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump’s comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%. XAU/USD falls as renewed war risks lift yields and Dollar The yellow metal seems poised…

Seventeen major institutions sign on to test around-the-clock liquidity and instant global value transfer. Swift announced that its blockchain ledger is ready for initial use, enabling early adopter financial institutions to support cross-border payments around the clock using tokenized deposits. The global cooperative, known for its vast messaging network used by banks to move money,…

Gold at risk of another selloff as a crucial US CPI report looms amid renewed US-Iran crisis !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Christopher Nolan’s “The Odyssey” is off to an epic start. The Universal film adaptation tallied an estimated $124.5 million in its opening weekend as audiences flocked to premium large-format screenings, especially IMAX theaters. “Death, taxes, and Christopher Nolan,” said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory. “He’s reinvented the…