With millions of Americans changing jobs, one California politician wants to use the “Great Reset” to create a better work-life balance for workers. Assembly member Cristina Garcia has cosponsored a bill to make the state’s official workweek 32 hours for companies with 500 or more employees. Any work done past …
Read More »What Elon Musk’s seat on Twitter’s board could mean for its users
Tesla CEO Elon Musk now has a 9% stake in Twitter and a seat on its corporate board of directors, raising questions about how the billionaire business magnate could reshape the social media platform. As Twitter’s biggest shareholder, he has the ear of top managers. Elon Musk offers to buy Twitter for …
Read More »4 big expenses to plan for ahead of retirement
Retirement planning is part savings, part guessing game. While many of your day-to-day expenses will remain the same, there are big-ticket categories that can take a large bite out of your savings. The more you can plan, the better prepared you’ll be to weather the costs. Here are four expenses …
Read More »Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble
It’s increasingly expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and recently reached 4.4% for the first time since March 2019. That’s pushing more buyers to take out adjustable-rate mortgages — one of the financial products …
Read More »IRS audits the poor at 5 times the rate of everyone else, analysis finds
Tax season is a fraught time for taxpayers, who are understandably eager to get their refunds quickly and who may fret that processing hiccups could delay their checks. But some Americans may have more grounds for concern than others: low-income households with less than $25,000 in annual earnings. This group …
Read More »Key inflation gauge hits 6.1%, highest level since 1982
An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago — the largest year-over-year rise since 1982. It’s the latest indication that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. Excluding volatile food …
Read More »Wholesale prices jump, adding to inflation woes for U.S. consumers
Wholesale inflation in the U.S. surged again last month, rising 9.7% from a year earlier, in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its Producer Price Index — which measures inflation before it reaches consumers — jumped 1% …
Read More »U.S. tests “robot dogs” to patrol southern border
A robot modeled after man’s best friend may one day help patrol the U.S. southern border. “Don’t be surprised if in the future we see robot ‘Fido’ out in the field, walking side by side with [Custom Border Patrol] personnel,” the U.S. Department of Homeland Security said in a blog …
Read More »Striking King Soopers workers demand higher pay, citing COVID
Roughly 8,000 grocery workers at Kroger-owned King Soopers and City Markets are on strike in Colorado, marking yet another labor dispute in a wave of protests during the COVID-19 pandemic. Employees at the stores, who walked off the job on Wednesday, are demanding a pay hike of at least $6 …
Read More »David Bowie estate sells his songwriting catalog to Warner Chappell Music in latest such mega
New York — David Bowie’s estate has sold the publishing rights to his “entire body of work” to Warner Chappell Music, the company said Monday, the latest massive deal in a roaring song rights purchasing boom. Warner Chappell didn’t reveal financial terms of the agreement, but according to trade publications …
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