Month: August 2021

Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images Delta Air Lines CEO Ed Bastian notified employees Wednesday that they will face $200 monthly increases on their health
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For years, Tesla CEO Elon Musk warned people about the dangers of AI-powered robots, even predicting “scary outcomes” like in “The Terminator.” Now, he seems to be taking matters into his own hands before humanity is overrun. The electric vehicle company will develop a humanoid robot prototype dubbed the “Tesla Bot,” Musk announced at Tesla’s
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Peter Cade | Getty Images Most retirees — including those with less wealth — aren’t tapping their nest eggs before their required withdrawals, according to research from J.P. Morgan Asset Management and the Employee Benefit Research Institute. Some 80% of the retirees studied didn’t withdraw money from accounts before their required minimum distributions, known as
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On July 13, the Bureau of Labor Statistics (BLS) published the Consumer Price index for June of 2021. The results were not surprising to people who buy cars or drive them: used cars prices were through the roof (up 10.5% for the month) and gasoline prices were up 2.5% for the month. Overall, the all
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In a recent report co-authored with University of Chicago Professor Daniel Hemel, I described how our retirement tax system favors the rich disproportionately. But it’s worse than that: Our system of generous tax subsidies for retirement savings—such as 401(k) plans, other defined contribution plans, and individual retirement accounts (IRAs)—also exacerbates racial inequities. Due in part to
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Founded by Rebecca Hessel Cohen in 2013, LoveShackFancy has quickly become the must-have label for boho-chic vintage-inspired fashion. Sold in many major department stores and websites such as Revolve, the company has ten retail locations with the most recent one opening up in South Hampton, New York. With romantic flower prints and plenty of ruffles and layers,
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A visual representation of bitcoin. STR | NurPhoto via Getty Images Bitcoin’s biggest investors appear to be upping their positions as the price recovers. Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data from blockchain firm Chainalysis. That bullishness
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In this article JWN A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom shares fell Tuesday after the department store chain reported fiscal second-quarter sales remained below pre-pandemic levels. Compared with a year earlier, sales more than doubled, as shoppers used Nordstrom’s anniversary sale as
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U.S. stock index futures were little changed during overnight trading Tuesday, after the S&P 500 and Nasdaq Composite closed at record highs during regular trading. Futures contracts tied to the Dow Jones Industrial Average gained 20 points. S&P 500 futures and Nasdaq 100 futures were modestly higher. The S&P 500 advanced 0.15% on Tuesday for
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