Personal finance
Job seekers are sour on the cooling labor market
Key Points Job seekers are feeling less confident about their ability to land a new gig. The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren’t hiring as readily. While data suggest the labor market remains strong, further cooling could be troublesome, economists said. […]
Read More
Here’s why you may get a smaller pay raise next year
Key Points The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey. That growth is still high relative to the recent past. Company pay increases are largely dictated by supply-and-demand dynamics in the labor market. The job market has cooled from a scorching level in 2021 […]
Read More
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Key Points Rana Robillard, chief people officer at software startup Tekion, was tricked into sending her life savings to a criminal. What happened to Robillard, a 25-year veteran of tech companies, speaks to the increasingly sophisticated nature of cybercrime. Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to […]
Read More
What to know about airline refunds, delays as global IT outage causes ‘mass chaos,’ expert says
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Major airlines like United, Delta and […]
Read More
An options trade on CrowdStrike as shares tank on the outage
From investors to airline travelers, many Americans are being forced to deal with the fallout of this giant IT outage . One-time cybersecurity darling Crowdstrike (CRWD) is getting the blame. As a trader, I want to utilize the acute volatility in this historic mishap as an opportunity to produce income and potentially own the cybersecurity […]
Read More
CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers
Key Points The Consumer Financial Protection Bureau proposed a rule that would label paycheck advance programs as loans, if users are charged a fee. These programs are sometimes known as earned wage access, daily pay, instant pay, accrued wage access, same-day pay and on-demand pay. Under the proposed rule, users would see fees expressed as […]
Read More
‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say
Key Points The Inflation Reduction Act has a few provisions related to tax credits for electric vehicles. Consumers can get a $7,500 tax credit for buying a new EV. It may be challenging for cars and/or buyers to qualify due to certain requirements. It may be easier to get a $7,500 credit by leasing an […]
Read More
As Gen Zers opt for astrology to pick stocks, experts warn it’s ‘neither optimal nor ideal’
Zodiac signs inside a horoscope circle. Sarayut Thaneerat | Moment | Getty Images Mercury is in retrograde — so just how much money should you invest in certain stocks today? That is the kind of assessment 25-year-old Stefaniya Nova makes on a day-to-day basis — and she claims to have made $31,000 in profits using […]
Read More
From ‘quiet quitting’ to ‘coffee badging’ — why employees are less interested in work
Some workers are phoning it in, and it shows. After mostly trending up for years, workplace engagement has flatlined. Now, only one-third of full- and part-time employees are engaged in their work and workplace, while roughly 50% are not engaged — reflected in the evolution of “quiet quitting” — and the rest, another 16%, are […]
Read More
Many Americans think they’re insulated from climate change. Their finances indicate otherwise
Key Points Just 55% of Americans believe global warming will “hurt them a moderate amount,” according to a new study by Stanford University and Resources for the Future. Climate change is already having a financial impact on most Americans, economists said. Higher insurance rates for homeowners, inflation for groceries, and lost earnings due to heat […]
Read More