I’m happily married to my wife of 20 years. I am by no means a financial expert, but I do know more than the average investor. I do, however, worry about my in-laws. Unfortunately, my father-in-law has serious dementia and will probably need care soon. I’ve asked my mother-in-law to let me review their finances. They…
Walt Disney Co. and unions representing Walt Disney World workers on Thursday said they have reached a tentative agreement that will raise the minimum wage to $18 an hour this year. The agreement comes after union members rejected Walt Disney Co.’s DIS, +0.98% previous offer in February of a $17 minimum wage, the unions said…
Federal Reserve Chairman Jerome Powell has repeatedly said undercutting wage growth for American workers is essential for tamping down the worst bout of inflation in the U.S. in more than 40 years. But a raft of data suggest that robust corporate profit margins — not wages — are having a much bigger impact on rising…
Executive officers at First Republic Bank have elected not to receive millions in potential bonuses this year amid uncertainty about the bank’s future and a nearly 90% plunge in its shares over the past two weeks. The company said in a Wednesday filing with the Securities and Exchange Commission that the move comes “[i]n light…
I asked my girlfriend to move in with me and am having a moral personal dilemma when it comes to rent. She has said she would not move in with me if she wasn’t paying, so nothing isn’t an option. I bought the house in November 2019, and up until a few months ago I…
My uncle was married many years ago, but he divorced and has remained single ever since. His first wife took him to the cleaners financially. They had no children. He is currently in a romantic relationship and has enjoyed the company of the same lady friend for many years. They live separately. He is opposed…
Stephanie O’Dell was working as a fashion stylist about six years ago when she noticed the huge void in advertising and marketing aimed toward older women. Driven by her own curiosity, she started a blog and talked to 100 women about their lives, fashion and everything in between. “I knew if I saw these women…
Despite the news of its collapse, Silicon Valley Bank lives on — at least to those who buy and sell via eBay EBAY, +1.47%. There’s a wave of SVB merchandise — essentially, corporate swag given to employees in years past — that is now being offered as collectible-worthy fare on the popular online auction site….
I’m a 27-year-old grocery-store employee. I was raised in poverty and in an unstable household, and I was once an emotionally unkempt individual. But with the help of therapy and ADHD treatment, I am now a very stable person. One thing that has followed me from my previous lifestyle, however, is old debt and a…
I’m a 36-year-old with a job paying around $115,000 a year. I’ve done pretty well with my 401(k) and have $435,000 in it. I manage and rebalance it myself and even managed to gain around 6% in 2022 despite the bear market. My goal is to retire early. The earlier the better but I don’t…
Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation. “We made these changes to realign our expense base in the face of intensifying pressure on drug prices and high levels of inflation so that…
If it was not obvious by 2022’s sharply lower financial results for most tech companies, the shocking collapse last week of Silicon Valley’s go-to bank marked the bitter end of the past decade’s big tech boom. The near Lehman-like collapse of Silicon Valley Bank last Friday was a massive blow to the startup and venture-capital…
My family is dealing with a significant shock. My brother, my sister and I have just found out that our elderly father secretly married his caregiver five years ago and never told us. We have a thriving family-owned business, and our father’s wealth is in the hundreds of millions of dollars. This caregiver is 40…
If the 10 occupations with the most women workers paid the same average wages as the top 10 fields for employing men, about 12 million women might’ve taken home an extra $96 billion in 2021, according to a new report from the National Partnership for Women & Families. “Women’s work has been undervalued for generations…
Uber Technologies Inc., Lyft Inc. and DoorDash Inc. on Monday scored a major victory in their battle to continue treating their drivers as independent contractors as an appeals court let most of an embattled California law stand. A divided California appeals court overruled a judge’s ruling that Proposition 22, the ballot proposition on which Uber…
High-earning Medicare beneficiaries may see a surcharge on their Part B and Part D premiums — but they should make sure they still need to pay it. Retirement Tip of the Week: If you’re retiring soon or have retired recently and you are currently paying this Medicare surcharge, consider appealing it as soon as you…
I am 61 years old, I didn’t save enough for retirement, and now the s— is starting to hit the fan. I quit my job in 2014 in order to take care of my elderly parents so they could live out their lives in their own home, and not have to go to a nursing…
Miguel Abreu, a ride-hailing driver, bought a Chevy Tahoe for about $80,000 last summer. He spent about $10,000 getting a commercial license and hiring an accountant to set up a luxury Uber Black business, then bought a Mercedes for $90,000 and lined up another driver for that vehicle. Then, in early December, Uber Technologies Inc….
I will be 60 in September, have $95,000 in cash, work part time ($30,000 yearly) for insurance and contribute 10% plus the employer match of 8% to a small 401(k). My home and car are paid for, I don’t have any other debts, and I am single. I live in South Carolina where the cost…
Salesforce Inc.’s plan to cut jobs this year would mark the first yearly workforce reduction since the customer-relationship-management software company went public in 2004. The company CRM, -2.31% disclosed in its annual 10-K report for fiscal 2023 ending Jan. 31, 2023, which it filed with the Securities and Exchange Commission late Wednesday, that it had…