Category: Money

  • The stock market is up today despite Twitter and Snap stock declines

    Damian J. Troise and Alex Veiga Stocks are broadly higher in afternoon trading on Wall Street Friday, keeping major indexes on track for weekly gains after several days of up-and-down trading. The S&P 500 rose 1.8% as of 1:48 p.m. Eastern. The Dow Jones Industrial Average rose 603 points, or 2%, to 30,939 and the […]

  • Twitter could lay off most staff if Elon Musk takes over, report says

    SAN FRANCISCO (AP) — Elon Musk plans to lay off most of Twitter’s workforce if and when he becomes owner of the social media company, according to a report Thursday by The Washington Post. Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75% of Twitter’s employee base of 7,500 workers, leaving […]

  • Federal aid saved child care providers. Now the help is wearing off

    Enrollment at Good Shepherd Christian Academy, a child care center in Fort Worth, Texas, plummeted almost as soon as the pandemic hit, from 84 kids to just 10. It’s been one thing after another since, said Ontara Nickerson, the center’s director. The paltry number of children meant shortened workdays: Many of the center’s hourly workers couldn’t make do with reduced […]

  • How to prepare for a recession in 2023? What you should do financially

    When extreme weather conditions are forecast, chances are you don’t sit by idly and hope it isn’t as bad as meteorologists predict. The same should be true for a recession.   The growing consensus among economists is that the U.S. economy will enter a recession in 2023. Recessions tend to go hand in hand with […]

  • Is the housing market grinding to a halt? Both sales and listings down

    Climbing mortgage rates continue to slow the housing market, with both home sales and listings falling rapidly. Existing-home sales declined for the eighth consecutive month in September, falling 1.5% month-over-month to an adjusted annual rate of 4.71 million, according to newly released data by the National Association of Realtors. Sales are down almost 24% compared to one year […]

  • How do you have a dog in your wedding? Engage a pet coordinator

    It was supposed to be Pepper’s big entrance.  Amy Fiala had been tending to the 2-year-old black Lab as they waited for the wedding to start. Now it was time for the handoff. The bridesmaid, in her forest green gown, would escort Pepper to the altar to stand with the rest of the wedding party […]

  • U.S. jobless claims fall amid decades-high inflation

    The number of Americans applying for unemployment benefits fell last week and remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Jobless claims for the week ending Oct. 15 declined by 12,000 to 214,000 from 226,000 the week before, the Labor Department reported Thursday. The four-week moving average rose […]

  • Will Circle K sell weed? Cannabis to be sold near Florida stores

    OCALA, Fla. — Cannabis will soon be sold at dispensaries adjacent to some Circle K stores in Florida. Green Thumb, a Chicago-based national cannabis consumer packaged goods company, is opening a manufacturing plant in Ocala, 60 miles northwest of Orlando, later this year. It will be producing cannabis products to be sold in its new “RISE Express” locations, […]

  • Renters are struggling. How will that affect the midterm elections?

    Shacoma Wilton-Waddell always thought she’d be a homeowner by now. Instead, the 41-year-old clinician at a domestic abuse shelter in Tucson, Arizona, was forced to downgrade from a two-bedroom to a one-bedroom rental apartment last month. “It has been a nightmare. I have moved multiple times. I’m seeing some of the same units in the same properties rent for double […]

  • S&P 500, Dow, Nasdaq rise amid corporate earnings, ignore UK politics

    Damian J. Troise NEW YORK — Stocks rose in morning trading on Wall Street Thursday as markets continue an unsteady search for direction amid more mixed news on company earnings. The S&P 500 rose 0.8% as of 10:13 a.m. Eastern. The Dow Jones Industrial Average rose 339 points, or 0.1%, to 30,757 and the Nasdaq rose […]