Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown | Afp | Getty Images Inflation jumped to a new 40-year high in June, the U.S. Bureau of Labor Statistics reported Wednesday. That means the prices Americans pay at the gas pump, grocery store and elsewhere have been rising much faster than normal this year. That
Less than a year after closing a $4 million seed round, the cash-back-for-renters platform Stake announced the close of its Series A totaling $12 million, and a $52 million valuation, a valuation being reported exclusively here. The round was led by RET Ventures who included Stake as one of the first investments for their new
Are retirees living comfortably? Believe it or not, for the last five years, roughly 80% of all retirees say they are, if you trust the results from the 32nd Annual Retirement Confidence Survey conducted in January of 2022 by the Employee Benefit Research Institute (EBRI) and Greenwald Research. While the level of confidence among retirees
In this article MSFT NFLX The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Netflix has named Microsoft as its partner for its ad-supported service, the companies announced Wednesday. “Microsoft has the proven ability to support all our needs as we together build
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Unity Software — Shares tumbled 17% after the interactive software company announced a
When he’s not pontificating about missions to Mars, self-driving cars and freedom of speech on Twitter, Elon Musk has some surprisingly practical career advice for young people. On a December 2021 episode of the “Lex Fridman Podcast,” hosted by MIT computer scientist Lex Fridman, the Tesla and SpaceX CEO recommended that young people should never
Getty Images Inflation has continued to rise, but some retirees won’t feel the brunt of many soaring costs, experts say. Annual inflation jumped by 9.1% in June, growing at the fastest pace since late 1981, the U.S. Department of Labor reported on Wednesday. Higher prices have many worried, even those earning six figures. Some 65%
Antiquity and Silicon Valley are two concepts often not paired together. The very name of the region roughly shaped by the San Francisco Bay, Santa Cruz Mountains to the west and Diablo Range to the east is synonymous with technological innovation—where the future, not the past, is king. However, a hundred years ago this wasn’t
Topline The stock market tanked on Wednesday after the Labor Department reported inflation unexpectedly surged to new highs in June, adding to already widespread recession fears as investors believe the Federal Reserve will have to get more aggressive about raising interest rates to tame surging consumer prices. Key Facts Markets opened lower: The Dow Jones
In this article SAVE ULCC JBLU Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines has delayed a vote on its planned tie-up with Frontier Airlines for a fourth time as concerns mount about a
In this article DAL An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than making up for higher costs. The carrier also vowed to improve reliability after an increase in delays and
In this article NVAX U SNAP DAL TWTR SFIX Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares slid 2.9% in the premarket after reporting a mixed quarter. The airline earned an adjusted $1.44 per share for the second quarter, shy of the $1.73 consensus estimate. Revenue exceeded
Saul Loeb | AFP | Getty Images If you’re a prospective homebuyer who is having second thoughts, you’re not alone. About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage
The United States doesn’t want for scenic summer destinations, and, with a waning Covid epidemic and difficult air travel, American families are taking to the roads. Some of this country’s favorite historic destinations also sponsor delightful special events during the summer; some of those special events have become historic destinations in themselves. Here are a
Many well-meaning people take the benefits of a Roth IRA for granted. With the tax benefits of a Roth IRA, modest contributions over long periods of time can translate into a substantial amount of tax-free income throughout your entire retirement. Those with the highest incomes may dream of the potential for a significant amount of
In this article TWTR SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. Mike Blake | Reuters After
Miniso opened its first flagship store in New York City’s SoHo in February 2022. Miniso BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia. Take Miniso, a Guangdong-based seller of toys and household products. Sometimes called China’s Muji, Miniso opened a flagship store in New
When I created my money and lifestyle blog Making Sense of Cents in 2011, I had no idea what I was doing. I was a 22-year-old financial analyst making $40,000 a year and struggling to pay off my student loans. But my debt was actually a large part of why I started blogging — I
Woman on her back pushing shopping cart in supermarket aisle David Espejo | Getty Images Experts are weighing the odds as to how likely a recession is and how fast it could come upon us. Most Americans — 70% — already believe an economic downturn is on its way, according to a new survey from
Known as the Black & White House, this custom contemporary home reveals its stunning architectural beauty the moment you drive up. Located on a wooded acre lot, the five-bedroom home was built in 2007 by David Jameson, a renowned local contemporary architect. “David Jameson is one of two modern architects in our area and he