There’s great economic news in the just-released February employment report—638,000 new jobs, a 3.8% unemployment rate, and average weekly earnings up by 5.4% over the past year. But many Americans have a sour, negative view of the economy. Why the disconnect? The aggregate US economy is almost back to pre-pandemic levels, in significant part because
Month: March 2022
Whoever runs away with this modern mountain house in northwestern Montana won’t have to worry about travel time to an airport. The getaway is one of only a few with year-round fly-in/fly-out convenience. The five-bedroom, six-bathroom home along Whitefish Airport enjoys 360 views of the Flathead National Forest and the Rocky Mountains. The wood-clad mountain
The incoming CEO of Splunk, Gary Steele, told CNBC’s Jim Cramer on Friday he hopes to be a “stabilizing force” for the company and its customers. Steele, whose appointment was announced two days ago, is set to take over the data-analytics software maker and join its board April 11. Splunk had been without a permanent
In this article DPZ An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza on Tuesday announced a C-suite shake-up and quarterly results that missed expectations on most metrics, sending the stock sharply lower. The pizza chain posted fourth-quarter earnings and revenue
Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China’s Shandong Province, on March 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China announced a gross domestic product growth target of “around 5.5%” for 2022, as an annual parliamentary meeting gets underway. Premier Li Keqiang revealed the figure
A file photo dated September 10, 2018 shows mega yacht named “Dilbar” belonging to Uzbek-born Russian business-magnate Alisher Usmanov as it refuels by a tanker in Mugla, Turkiye. Germany seizes Russian billionaire Usmanov’s yacht at Port of Hamburg. Sabri Kesen | Anadolu Agency | Getty Images At least two superyachts owned by Russian oligarchs have
Cabania | iStock | Getty Images Plus Despite ongoing challenges, the IRS has sent nearly 30 million tax refunds, worth about $103.2 billion, the agency reported Friday. While 29% of Americans worry about a smaller refund, according to a Bankrate survey, the average is currently $3,473 through Feb. 25, which is $658 larger than last
A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payrolls report shows a labor market nearing a recovery to pre-pandemic levels, but small business owners across the U.S. say that finding and keeping
By Kelly K. James, Next Avenue When Ellen and Carl Otterness’ daughters were young, the couple wrote wills. Their primary goal was to name a guardian for their children if something happened to both of them. Then they didn’t think about it … for decades. Their now-adult daughters are both over 40, with husbands and
A lot of inherited IRA owners are in for a surprise. In a switcheroo, the Treasury Department has reinstated annual required minimum distributions for most folks who’ve recently inherited Individual Retirement Accounts, according to proposed regulations released late last month that interpret the 2019 retirement law known as the SECURE Act. IRA experts are still
A Las Vegas mansion that was once home to the late pop music icon Michael Jackson has hit the market for $9.5 million. Jackson leased the estate for about a year starting in 2006, paying $50,000 a month, according to listing agent Zar Zanganeh of The Agency, who represented him in the transaction. According to
A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport. Jan Woitas | Picture Alliance | Getty Images The cost of transporting goods by air has surged since Russia’s invasion of Ukraine last week, just as consumers are already grappling with the fastest pace of inflation in nearly 40 years. Carriers, including KLM Royal
In this article GDRX GoodRx signage on the outside of the Nasdaq on the day of its IPO, September 23, 2020. Source: GoodRx Shares of discount drug prescription service GoodRx dropped 39% on Tuesday to a record low after the company reported weaker-than-expected revenue and issued a disappointing forecast. GoodRx lets consumers search for the
A ‘help wanted’ sign is posted in front of restaurant on Feb. 4, 2022 in Los Angeles. Frederic J. Brown | AFP | Getty Images The big raises that many Americans got over the past year are starting to get smaller. Workers in the private sector saw average wages grow by 5.1% in the past
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey. Eduardo Munoz Alvarez | Getty Images Property tax relief may soon be coming to New Jersey. Gov. Phil Murphy has proposed the ANCHOR property tax relief program, extending savings to nearly 1.8 million households, as part of
In this article MSCI Traders work on the floor of the New York Stock Exchangeon March 04, 2022 in New York City. Spencer Platt | Getty Images Exchange traded funds that track Russian stocks fell dramatically this week and face an uncertain future as the war in Ukraine has led to Russia being increasingly isolated
The Internal Revenue Service headquarters building in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images The IRS on Friday unveiled a new Taxpayer Experience Office as part of a long-term plan to improve customer service issues. The office will focus on “all aspects of taxpayer transactions,” working closely with the Taxpayer Advocate
Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday. Even with average earnings flattening out in February, Evans told CNBC, he hears from smaller companies in his district about the challenges from cost increases. “I think there are a lot of business models, especially
There’s some new guidance on early IRA withdrawals that pre-retirees should know about. It changes the interest rate on early withdrawals and allows a switch of method. IRAs are wonderful planning tools, since they allow the accumulation of retirement funds on a tax-deferred, or in the case of Roth, tax-free, basis. With the ‘Great Resignation’
Virginia’s efforts to subsidize a stadium and mixed-use commercial development for Dan Snyder and his Washington Commanders NFL football team would be a foolish waste of taxpayer money. But an attempt by three Democratic Members of Congress to block the funding scheme is misguided and short-sighted. The bill, introduced by Representatives Jackie Speier (D-CA), Earl
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