Drazen Zigic | Istock | Getty Images As the rate of inflation continues to fall, Social Security beneficiaries may expect to see a much lower cost-of-living adjustment for 2024. The Social Security COLA may be 3%, according to a new estimate from The Senior Citizens League, a nonpartisan senior group, based on new consumer price
Month: July 2023
Alison Schuch, owner of Fells Point Surf Company. Courtesy: Alison Schuch As summer arrives, Alison Schuch, owner of Fells Point Surf Co., is down about 10 workers at her two beach retail locations as a perfect storm of reasons drives a post-pandemic hiring crunch. A lack of affordable summer housing, scant child-care availability, inflation and
Fascinated with the rapidly emerging technology of ChatGPT, I wanted to check it out. What would it do with a general question about aging parents, my field of expertise? The technology is free and opening an account is simple. But how good is the information it generates? It is not a thinking being. It’s a
Millions of taxpayers’ personal information was shared by popular online tax filing services to Meta, Google, and other Big Tech firms, according to the results of a recent congressional investigation. The probe was opened by Senators Elizabeth Warren (D-MA), Ron Wyden (D-OR), Richard Blumenthal (D-CT), Tammy Duckworth (D-IL), Bernie Sanders (I-VT), Sheldon Whitehouse (D-RI) and
After a long stretch of increases, in May 2023 rent prices dropped for the first time since Covid, according to the June 2023 rent report by Rent.com. However, the U.S. housing market is still short 6.5 million homes, as reported by CNN. Data from Freddie Mac shows that not enough homes are being built to
In this article MDT Follow your favorite stocksCREATE FREE ACCOUNT For nearly a decade, sales representatives from a prominent medical device maker operated a bribery scheme at a Kansas veterans hospital that wasted millions of taxpayer dollars and jeopardized the lives of patients, a recently unsealed whistleblower lawsuit alleges. The sales reps from the company,
US climate envoy John Kerry (L) gestures as he speaks next to China’s special climate envoy Xie Zhenhua (R) during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | Afp | Getty Images BEIJING — John Kerry, special presidential envoy for climate, is set to visit
In this article STLAM-IT HLLY SPWR ROKU Follow your favorite stocksCREATE FREE ACCOUNT Packages of Beyond Meat Inc.’s plant-based products, Beyond Burger and Beyond Sausage, are displayed at a supermarket in Katwijk, Netherlands, November 19, 2020. Yuriko Nakao | Getty Images Check out the companies making headlines in premarket trading. Roku — The streaming provider
Owen Franken | Corbis Documentary | Getty Images Whether it’s “tipflation,” “tip fatigue” or “tip creep,” most people are uncomfortable with the changing expectations around gratuities, at least in the U.S. In other countries around the world, tips are smaller — and less problematic. While customs vary by region, “the U.S. is the most tip-happy
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Nurphoto | Getty Images With Amazon announcing on Wednesday that the 2023 Prime Day sales event will take place July 11-July 12, now’s an especially good opportunity for sellers to ramp up promotions. This year, there are some new deal offers Amazon is
The decision to invest in stocks or other risky assets depends on factors such as age, savings, and personal needs. If you’re well into retirement, have substantial assets, and don’t have a specific requirement to leave a significant inheritance, you might want to avoid investing in stocks altogether. This is particularly true in today’s context,
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT Signs stating everything is on sale at a Buy Buy Baby store in the Brooklyn borough of New York, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Buy Buy Baby’s stores are set to disappear after a last ditch effort to save the
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT A man walks past an ATM outside Bank of America Corp. headquarters in Charlotte, North Carolina, May 2, 2016. Chris Keane | Bloomberg | Getty Images Bank of America, the second-largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of
Artificial intelligence tools aren’t just a convenient way to complete homework assignments or edit your selfies and videos. They could be your next source of income if you take advantage of them, says Matt Higgins, a self-made millionaire, CEO of investment firm RSE Ventures and guest star on ABC’s “Shark Tank.” “AI will be the
Asiavision | E+ | Getty Images The Covid-19 pandemic separated the haves from the have-nots when it comes to finances. Research shows that trend is continuing when it comes to debt, particularly credit cards. More than one-third of Americans — 35% — say they are carrying their highest level of debt ever or close to
Pixelcatchers | E+ | Getty Images It’s not an easy time to be a small business in search of financing. For LGBTQ owners, the struggle has been even harder. LGBTQ-owned businesses reported more rejections than non-LGBTQ businesses that applied for funding, according to a 2022 report from Movement Advancement Project, a nonprofit think tank that
My father was a lifelong member of the local Steamfitters union. When he hung up his green work cap for good in 1982, he enrolled in Medicare Part A, hospital insurance, and Part B, medical insurance, and the retiree plan. He had that coverage until he died. Back in my father’s day, signing up for
When Aretha Franklin—the Queen of Soul—died in 2018, it was widely reported that the singer had no will. Don Wilson, a Los Angeles lawyer who worked for Franklin for nearly 30 years, told The Guardian, “I tried to convince her that she should do not just a will but a trust while she was still
A test of a BE-4 engine at Blue Origin’s Launch Site One facility in West Texas, Aug. 2, 2019. Blue Origin A Blue Origin rocket engine exploded during testing last month, CNBC has learned, a destructive setback with potential ramifications for the company’s customers and its own rocket. During a firing on June 30 at
Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Shutterstock — Shares of the stock image, video and music provider jumped 10% after Shutterstock announced a six-year, expanded partnership with OpenAI, the maker of ChatGPT. Newell Brands — Shares of the consumer goods company jumped more than 10%
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