Retirement savers have benefited from the explosive growth of tech stocks for more than a decade. Recently, however, that growth has given way to a selloff.

As fear that AI coding tools can quickly create rival products sets in, software stocks have lost big. Year to date, the Magnificent 7 is down 11% on average. Retirement portfolios, especially 401(k)s and target-date funds, are heavily concentrated in the tech sector.

Still, even tech skeptic and retired financial advisor Bill Bengen says you should invest all of your retirement savings into equities until you’re about five years out from retirement. “Retirees cannot be passive investors completely,” he says. “That’s an easy way to lose a lot of money.”

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Iran rejected a temporary ceasefire proposal, leading President Donald Trump to escalate his threats against the country as his Tuesday evening deadline for the reopening of the Strait of Hormuz approaches. Trump said the entirety of Iran “could be taken out in one night, and that night might be tomorrow night,” as the war has continued for more than five weeks.

MORE: Trump’s threats to attack civilian infrastructure in Iran have raised concerns about the U.S. violating international law. Trump falsely claimed the strikes would not be considered war crimes because of Iran’s actions, but “a violation by one side does not justify a violation on the other side,” Gabor Rona, director of the Law and Armed Conflict Project at Cardozo Law School, told NPR. Realistically, Trump and other officials would be unlikely to face any consequences in the near-term.

The future of West Virginia’s historic Greenbrier resort is uncertain after the Dallas-based Rowling family, which owns Omni Hotels, paid $289 million to acquire the first lien debt on the resort and other assets owned by Republican Sen. Jim Justice, positioning itself as a potential buyer. While Omni says it’s “just a lender” for now, its track record of reviving luxury golf resorts suggests a possible takeover could be on the horizon.

Billionaire and California gubernatorial candidate Tom Steyer has pledged to slash voters’ power bills by at least 25% through new state rules that allow more competition among utility providers. But as Forbes’ Alan Ohnsman writes, it’s not about a monopoly: Californians’ power bills are higher than the national average largely because of a cluster of added fees—for wildfire mitigation and liabilities, major distribution-grid upgrades, and a stack of state-mandated programs financed through utility charges.

Investing billionaire Herbert “Herbie” Wertheim is throwing his hat into the ring in a Congressional race in Palm Beach County, Florida, and if he wins, the Republican candidate would become the oldest congressional freshmen ever. Wertheim, a Trump supporter with a net worth of $3.7 billion, is looking to unseat incumbent Democratic Rep. Lois Frankel in a solidly Democratic-leaning district.

SPORTS + ENTERTAINMENT

The comeback of Kanye West, now known as Ye, hit a snag overseas as sponsors, including Pepsi and PayPal, pulled out of a major London music festival that he is set to headline this summer. The sponsor exits came shortly after U.K. Prime Minister Keir Starmer said he was “deeply concerned” because of the former billionaire’s past antisemitic statements.

This Billionaire Wants To Save America’s Newspapers. He Thinks He’s Found A Way

In just four years, billionaire entrepreneur David Hoffmann has gained control of 131 newspapers around the country including the Aspen Daily News, the St. Louis Post-Dispatch and the Omaha World-Herald.

“I am going to save newspapers in America,” declares Hoffmann, who in February took a controlling interest in Lee Enterprises, one of the nation’s biggest newspaper chains.

That’s a bold claim given the industry’s struggles. Nearly 40% of U.S. newspapers have vanished in the past two decades, leaving 50 million Americans in “news deserts” with limited or no access to a reliable source of local information, according to the Medill Local News Initiative at Northwestern University. The problem is getting worse: More than 130 papers shut down in 2025.

But Hoffmann believes he has found a strategy to make local papers not only survive but thrive: a seemingly simple blend of preserving cash and making a profit while doubling down on what he calls “hyperlocal” content. The nation’s lar­gest newspaper chain, Gannett, and Palm Beach-based investment firm Alden Global Capital, which owns more than 170 titles, are both notorious for cutting staff. But Hoffmann has branded layoffs a “bad word.” He’s even adding a few newsroom jobs to bolster coverage of local tourism, sports and business, reflecting his unabashed belief that such boosterism is important for communities’ health.

WHY IT MATTERS With letters of intent signed to buy another nine publications, and more in the pipeline, Hoffmann is keen to irrigate as many news deserts as he can—and with a net worth of $2.6 billion, he has plenty of money to do so. He knows he has skeptics. But with his focus on profitability, he remains bullish. “It’s not brain surgery. . . . We don’t mind being judged on our performance,” says Hoffmann.

MORE What Several Investment Flops Taught Billionaire David Hoffmann About Making Money

Medical debt is a growing problem that’s unique to the U.S.—both in its widespread nature and its severity. It disproportionately impacts low-income, Black and Hispanic populations:

100 million: How many Americans have at least some medical debt

At least 530,000: The number of personal bankruptcy filings each year attributed to an inability to afford medical costs

About 43%: The share of Americans who say they did not take a prescribed medication because of the out-of-pocket cost

Being an overachiever at work can lead to praise and recognition—but it could also be quietly killing your career. Struggling to say no can lead to being overloaded, and perfectionists often end up spending extra time on small tasks. Get comfortable with delegating work, and don’t feel that you need to solve everyone else’s problems.

A major social media site experienced an outage Monday. What site was it?

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