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Elon Musk seemed to try to assuage investors’ anxiety over the weekend, following his leaked emails about slashing Tesla’s workforce, which sent the stock nosediving on June 3, closing down 9.22%. By Yaёl Bizouati-Kennedy See: Elon Musk Has ‘Super Bad Feeling’ About Economy, Has To Cut 10% of Tesla JobsFind: Elon Musk Tells Tesla Staff They Must Return to the Office or Leave Company On June 4, Musk tweeted that “total headcount will increase, but salaried should be fairly flat....

Despite more than 100 years of activism calling for paid parental leave, millions of parents in the United States still have to choose between having children and earning a living. According to the World Policy Center, the U.S. is one of just eight countries on Earth that don’t allow new mothers — and in many cases, fathers — to collect at least a portion of their paychecks while caring for and bonding with their newborns....

August is back to school season, and many of your favorite big box stores are offering deals on everything from notebooks to dorm room furniture. But with inflation still affecting the budgets of most Americans, parents are looking for ways to keep their back-to-school bills as low as possible. In a recent report by the National Retail Federation (NRF), a third of the people polled said that they were cutting back on spending in other areas to afford supplies for the new school year....

It’s National Kissing Day, but before you pucker up and give your loved ones a smooch, show some love to today’s top financial stories first. By Gary Dudak The Big Lead: Biden Calls on Congress To Suspend Federal Gas Tax President Biden is calling on Congress to suspend the federal gas tax for three months to provide direct relief to American consumers who have been hit with what he calls “Putin’s Price Hike....

Maximizing returns is one of the main goals of investing. But how do you know which investment vehicle to choose? You are probably familiar with mutual funds and may have heard of hedge funds. Read on to learn about how these funds work, how they differ and which one is best for you to maximize your investment returns while minimizing your risk. By Kathy Evans At a Glance Performance Similarities Fees What You Should Know Should You Invest Hedge Funds vs....

Record growth in home prices is keeping homeownership out of reach for many Americans, despite low interest rates. According to the most recent S&P Corelogic Case-Shiller index, there was a record high 19.7% annual home price gain in July, up from 18.7% in June and 16.9% in May. By Josephine Nesbit See: What Homes Will Be Worth in Your State by the End of 2021Find: What the Average Home Price Today Could Buy the Year You Were Born...

There are plenty of reasons why you should add the Wells Fargo Autograph card to your wallet. You’ll earn an elevated three reward points for every dollar spent on travel, restaurants, streaming purchases, gas and more. Plus, all other purchases earn one point per dollar spent. Best of all, there is no annual fee to eat away at your earnings potential. By Katherine Cantrell How To Get the Bonus Other Perks Earning More Points Is It Worth It As if the card’s rewards structure isn’t enough to sell you, Wells Fargo offers a signup bonus of 20,000 points when you spend $1,000 in purchases in the first three months....

You may not be the boss — yet. But exuding confidence at work is a great way to get the attention of higher-ups so you’ll be top of mind when that boss role becomes available. In today’s “Financially Savvy Female” column, we chat with career experts and professional coaches to get their best tips for giving off “boss energy” no matter what your current position may be. By Gabrielle Olya Keep Up With the Latest: Sign Up for The Financially Savvy Female NewsletterHelpful Tips: How To Ask For a Raise — and Get It...

If you’re planning to move into a new apartment, chances are you might be considering whether to sign a short- or long-term lease. By Heather Taylor Take a Look Back: 2022 Year in ReviewRead: 5 Things You Must Do When Your Savings Reach $50,000 What are the key benefits and downsides to consider when deciding whether to rent month-to-month or sign a year-long lease? Month-to-Month Lease Benefits Here are a few popular benefits renters receive when agreeing to fixed-term, or month-to-month, leases....

Just a few days after Twitter CEO Jack Dorsey announced he was stepping down, it was revealed that his other public company will undergo a major name change. By Yaёl Bizouati-Kennedy Explore: What Is the Next Big Cryptocurrency To Explode in 2021? Coinbase Fees: Here’s a Full Breakdown of How To Minimize Costs Square announced on Dec. 1 that it is changing its name to Block to acknowledge the enterprise’s growth....

By Michelle Tompkins See: 22 Side Gigs That Can Make You Richer Than a Full-Time JobFind: How To Get Free Gift Cards From Your Everyday PurchasesTake Our Poll: How Do You Think the Economy Will Perform in 2023? As Bezos turns 59 on Jan. 12, he has a net worth of $116.7 billion, according to Forbes’ Real-Time Billionaires List. Jeff Bezos’ Wealth Over the Years In early January 2021, Bezos was overtaken by Tesla and SpaceX CEO Elon Musk as the wealthiest person on the list, and the two swapped places from time to time....

Thanksgiving is around the corner, and a good number of people are planning to host dinner for their friends and family. And while the celebrations are fun and exciting, there’s a lot more that goes into hosting Thanksgiving dinner than just picking out a turkey. There’s a lot of planning, spending and cooking, all of which can be overwhelming if you’re not sure what to expect. By Sam DiSalvo Also: 9 Bills You Should Never Put on AutopayRead: If Your Credit Score Is Under 740, Make These 4 Moves Now...

Marcus by Goldman Sachs High-Yield Online Savings Account Overview The Marcus high-yield savings account comes with a annual percentage yield. Although it’s not the highest on the market when compared to other high-yield accounts, it is over four times the national average. By Joshua Rodriguez Overview Key Features How It Stands Out Comparable Options How To Sign Up Who It’s Best For APY 4.0 Fees 5.0 Perks 4.0 Ease of Use...

New York Gov. Kathy Hochul announced on Oct. 21 that the state will extend the emergency allotment of Supplemental Nutrition Assistance Program (SNAP) benefits into November 2022 and beyond in an effort to help SNAP recipients deal with the ongoing impact of the COVID-19 pandemic. By Vance Cariaga Food Stamps: Midterm Elections Could Negatively Impact SNAP BenefitsFind: What is the Maximum SNAP EBT Benefit for 2023? In a news release, Hochul said the New York State Office of Temporary and Disability Assistance (OTDA) will continue issuing the emergency benefits at least through February 2023....

When it comes to getting your personal finances under control, there is much to be said for nailing down the details with an intuitive app. Recent fintech options make it possible to get live updates of your bank balances, debts and long-term savings all at once. Having this information is key to making the necessary financial decisions to budget effectively and meet your savings goals. By Emily Cahill Overview At A Glance Budgeting Debt Management Retirement Planning Investment Tracking Your Finances Two of the most popular personal finance apps are Personal Capital and Mint....

Just one week after the Federal Reserve raised interest rates by three-quarters of a percentage point, Chair Jerome Powell said that the Fed was strongly committed to bringing inflation down and anticipated that “ongoing rate increases will be appropriate.” By Yaёl Bizouati-Kennedy See: Fed Raises Rates 75 Basis Points Amid Bear Market & Record-High InflationFind: May Inflation Reaches Highest Level Since 1981, Touches Every Sector of the Economy Testifying before the Senate Banking Committee, Powell said “at the Fed, we understand the hardship high inflation is causing....

SNAP helps boost the food budget of low-income households across the U.S. FoodShare, Wisconsin’s version of SNAP, is administered by the Wisconsin Department of Health Services. Benefits are distributed monthly to FoodShare accounts, which are linked to Wisconsin QUEST cards. By Josephine Nesbit SNAP 2022: Is My State Extending Emergency Allotment Money for August?Explore: 7 Things You Should Never Do When Planning For Retirement The Wisconsin QUEST card looks like a plastic debit card and has your name, card number and the QUEST logo....

It’s Friday and National Dessert Day. We think this calls for a treat! Check out today’s top financial stories and make sure to indulge in your favorite dessert to start your weekend off on a sweet note. By Heather Taylor Social Security COLA: What Are the Tax Implications of the Biggest Payment Bump in Decades? The Social Security Administration’s announcement that beneficiaries will get an 8.7% cost-of-living adjustment (COLA) in 2023 should provide welcome financial relief to those struggling to deal with soaring inflation....

Travelers have been faced with extremely frustrating and complicated flying experiences in recent months, largely due to a slew of cancellations and delays partially caused by labor shortages. Now, the Department of Transportation (DOT) said it is launching a website in a couple of weeks to “show each airline’s policies regarding cancellations and delays,” according to NBC. By Yaёl Bizouati-Kennedy See: 15 Cheap, Beautiful Places To RetireFind: How Much Cash To Have Stashed at Home at All Times...

The enhanced child tax credit is designed to give parents financial relief to help deal with fallout from the COVID-19 pandemic, but many might not know that the credits don’t represent free money, like stimulus checks. Some parents who get advance child tax credits might have to pay the money back on their taxes next year if they start spending it right away. By Vance Cariaga See: You May Want to Opt Out of Monthly Child Tax Credit Payments – Here’s WhyFind: How Do You Plan To Spend the Child Tax Credit?...