Luis Alvarez | Digitalvision | Getty Images Employer demand for workers remains historically strong — and that means workers have the power to negotiate for better pay, benefits and other aspects of their jobs, according to economists. There were more than 11.2 million job openings in July, an increase of 199,000 from June, according to
Month: August 2022
Today’s Social Security column addresses questions about whether the earnings test can a spouse’s benefit, changing benefit payment dates and a foreign pension’s potential effect on benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social
Topline Stocks fell for a third day in a row on Tuesday as the recent summer market rally continues to fizzle out, with investors growing nervous about more big interest rate hikes from the Federal Reserve, which signaled last week that it would continue to tighten monetary policy for “some time” in an effort to
In early June, we discussed the possibility that a window of opportunity might be opening for Manhattan buyers as deal volume fell. In July, we thought the market was crashing back to normal with fear levels outpacing the data. Now, in August, the window of opportunity may be open as the market is softer —
In this article RCL Royal Caribbean International’s Anthem of the Seas cruise ship calls at Greenock port on July 22, 2021 in Greenock, Scotland. Jeff J Mitchell | Getty Images Royal Caribbean Cruises will begin offering onboard internet via SpaceX’s Starlink satellite network, the cruise line company announced Tuesday. The partnership is an effort to
In this article GS Pavlo Gonchar | LightRocket | Getty Images Goldman Sachs will lift all its Covid-19 requirements in most offices beginning Sept. 6 in an effort to incentivize its employees to return to the office more than two years into the pandemic. According to a memo sent Tuesday and obtained by CNBC, the
Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwood College, delivering $1.5 billion in relief to 79,000 borrowers. The cancellation covers students who attended any location of Westwood College, including online programs, from
“It will be enough for us to start talking realistically about purchasing a home,” said Dara Zucker, 28, of student loan forgiveness. Zucker and her fiancé have been looking for a house in Tampa, Florida. They budgeted $250,000 for a 1,400-square foot home, but between the unpredictable housing market and her $38,877 student loan balance,
In this article F HOUSTON, TEXAS – AUGUST 29: Students study in the Rice University Library on August 29, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images The U.S. Department of Education could have its application for student loan forgiveness up and running as soon as within the next few
Professor Jeremy Bearer-Friend of the George Washington University Law School highlights key areas of the IRS’s tax enforcement where racial bias can occur. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: colorblind tax enforcement.
Topline Shares of meme-stock favorite Bed Bath & Beyond, which have swung wildly in recent weeks, initially jumped before moving lower on Tuesday, a day before the struggling retailer will provide investors with a “strategic update” on plans to revive slowing sales and secure new financing. Key Facts Shares of Bed Bath & Beyond at
It’s rare these days that housing isn’t a headline in national and local news. There are affordability issues, caused by supply chain disruptions, lack of labor, regulation, and many other challenges, which means that creating solutions will take creative and focused collaboration. That focused collaboration happened on a project in the heart of the country
In this article NKLA NKLA LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle makers Lucid Group and Nikola are moving to raise additional funds, as both companies aim to boost production amid sharply
In this article BBY Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the second fiscal quarter, as the retailer felt a pullback from inflation-weary shoppers. The company reaffirmed its full-year guidance. The company had
In this article BBBY BIDU FSLR BIG BBY TWTR Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy gained 2.6% in the premarket after the electronic retailer beat Street forecasts on the top and bottom lines for its latest quarter, while comparable store sales declined less than expected. Big
Consumers are increasingly relying on credit cards to make ends meet, but it hasn’t significantly impacted their financial standing — at least when it comes to their credit rating. The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a new report from FICO, developer of one of
Guessers of the unguessable are right half the time. Larry Summers was lucky to predict inflation based on an argument about stimulus raising prices that’s unsupported by the facts. Now he’s using his “clairvoyance” to goad the Fed to overreact and kill the economy. A year and a half ago, Larry Summers predicted in a
The Georgetown AgingWell Hub recently released a fascinating report titled No Normal: The evolving retirement journey and experience. It describes six themes that will help you live a long and healthy life and will have a significant influence on your retirement journey. Two of the themes in the report—Health and Finances—should be familiar to readers
In the winter of 1987, travelers from all over the world arrived in western Switzerland to attend the FIS Alpine World Championships, held in Crans-Montana. Journalists sent to cover the event not only spoke of exceptionalism on the slopes but also of the hosting town. One reporter from the New York Times said of the
CAPE CANAVERAL, Florida – NASA postponed its Artemis I launch Monday after issues emerged during countdown, delaying the debut of its towering rocket and its long-awaited mission to the moon. The agency was slated to launch its Artemis I mission from the Kennedy Space Center during a two-hour launch window that opened at 8:33 a.m.
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