Analysts have blamed the inflation crisis of 2022 on everything from OPEC and Russia to wage hikes and corporate price gouging. By Andrew Lisa Check Out: States Whose Economies Are Failing vs. States Whose Economies Are Thriving Take a Look Back: 2022 Year in Review But prices were already rising fast in the waning months of 2021 as a hot economy flush with cash sent demand soaring into the new year....
Despite the pandemic, 2020 was the year of the IPO. More companies went public last year than in any other year over the past two decades, and more than $100 billion was raised in public offerings, according to Baker McKenzie’s IPO Report 2020. By Cameron Huddleston This year also is expected to be a busy year for IPOs. You might be wondering, though, what the big deal about companies going public is....
Netflix struggled to hold onto subscribers in the first half of 2022, but a smaller-than-expected loss sent shares surging nearly 8% in after-hours trading on July 19, following the company’s second-quarter earnings release, The Washington Post reported. The streaming entertainment giant had expected to lose 2 million subscribers during the second quarter. However, the actual loss was 970,000, which renewed investor interest in Netflix stock. By Daria Uhlig Current Worth Market Cap Calculation Contributions to Revenue Earnings Highlights Shareholders Future Outlook The latest earnings report shows that Netflix increased revenue by 9% and increased average paid memberships by 6% compared to the first quarter of 2022....
For generations, people labored until they hit retirement age, got an office party and maybe a watch on their last day, and then walked off into the sunset of retirement — but for many, it was more like jumping into a cold swimming pool. By Andrew Lisa Find: Best Cities To Retire on a Budget of $1,500 a MonthRead: 7 Surprisingly Easy Ways To Reach Your Retirement Goals The shock of plunging into retirement from full-time work with no transition period can be more traumatic than liberating — but for the first time in history, older workers can stroll into retirement slowly instead of jumping in head-first....
One of the legacies of the 2010 Affordable Care Act — more commonly known as Obamacare — is the ability for adult children to remain on their parents’ health insurance plans until their 26th birthday. Previously, insurers often required young adults to be enrolled in college to maintain coverage after reaching an age specified by the company. By Jami Farkas Read: Prices Surge 5% as Inflation Rises with No End in SightBe Aware: 25 Things You Should Never Do With Your Money...
A coalition of tenant unions, community organizations and legal groups is asking the Biden administration to take more action to fight rent inflation — which they are calling a “national emergency.” By Yaёl Bizouati-Kennedy Find: Consumer Price Index Shows Inflation Cooling in July to 8.5% Primarily From Decreasing Gas PricesSee: 7 Surprisingly Easy Ways To Reach Your Retirement Goals Tara Raghuveer, Director of KC Tenants, tweeted on August 9 that more than 220 tenant unions, community orgs, and legal partners — organized via the #HomesGuarantee campaign — “call on @POTUS to regulate rent through every available authority....
After two years of staying home, parents are finally able to enjoy a date night without the kids. Or can they? The rising costs of everything from babysitting to restaurant food has made it harder to enjoy a night away from home for many Americans. How much more expensive has date night really gotten thanks to inflation? By Dawn Allcot Discover: 9 Bills You Should Never Put on Autopay More: 10 Best Countries To Live on Just a Social Security Check...
Millennials are now ages 26 to 41, so they are likely going through some major life transitions such as climbing the career ladder, buying a home or having kids. It’s also a time when many people may be evaluating their financial standing and may be feeling behind. Perhaps you have debt or haven’t started saving for retirement, or maybe you have nothing saved for emergencies. Whatever the case may be, there are ways to “catch up....
If you’re living in New York State — and working and paying taxes — you may be wondering what the minimum wage is. The 2022 minimum wage in New York State for non-tipped full-time or part-time employees is at least $13.20. This is true throughout the state, except for New York City and its metropolitan area. Residents of New York City, Long Island and Westchester are entitled to a minimum wage of at least $15 per hour in 2022....
Student loan giant Navient grabbed headlines last month when it agreed to cancel $1.7 billion in debt and pay $95 million in restitution for predatory lending practices, but not all of its borrowers will benefit from the settlement. By Vance Cariaga See: Navient Student Loan Settlement — Are You Eligible for $260 Restitution Payment?Listen: Live Richer Podcast, Episode 6: Ramsey Solutions’ George Kamel and Kristina Ellis Most Navient customers still face loan payments — primarily those who never went into default on their loans, The New York Times reported....
A lot of Americans don’t have the cash on hand to finance some of life’s larger purchases — a new car or a house, for example. While taking out a mortgage or a car loan is not unusual, many people are turning to personal loans, seeking to spread out major purchases over a longer period of time. By Josephine Nesbit See: Why Payday Loans Are Dangerous Find: 7 Ways To Get Quick Cash Besides Risky Payday Loans...
Black Friday and Cyber Monday may be the most official holiday shopping events, but in the age of online buying, shopping apps like RetailMeNot are getting in on the action. The coupon company launched its very own “Cash Back Day,” running on Nov. 4 and Nov. 5., which features over 1,000 deals exclusive to its users. By Nicole Spector Save More: Wrapping Paper, Greeting Cards and More Holiday Items to Only Buy at Dollar Stores...
The global microchip shortage has led to a reduced inventory of new cars, leaving dealers scrambling to buy used cars to fill their lots. This is driving used car prices up, so dealers might offer you a big payout if you’re willing to sell your car right now. If you have a second vehicle, selling your car might seem like a no-brainer. But what if selling your car now means going carless?...
Grayscale Investments has launched a campaign encouraging investors to submit comments on its application with the Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin exchange traded fund (ETF). By Yaёl Bizouati-Kennedy See: These Countries May Be Next To Accept Bitcoin as Legal Tender Find: Crypto Leaders Tackle Super Bowl Ad Campaigns: A Bitcoin Giveaway and More The comments the agency is receiving come from a variety of Americans, ranging from students to civil engineers, and from IT employees to quant analysts....
The Social Security Administration (SSA) has announced its new website set to debut this year. The SSA is sharing a preview of the new design, called the beta website, and is inviting you to explore the new design and leave feedback. By Josephine Nesbit Discover: 15 Worst States To Live on Just a Social Security Check More: Cash App Borrow: How To Borrow Money on Cash App The SSA used information gathered from customer interviews to improve the online experience, so that “you can get to the information and services you need faster,” per an April 18 blog post....
When you receive “free” money, you may wonder if there’s a catch. For some who received the November advance payment of the Child Tax Credit, there could be. If your income was substantially larger in 2021 than it was in 2019 or 2020, you could have to pay a portion of your CTC advance payments back to the Internal Revenue Service. By Dawn Allcot See: Didn’t Get Your Child Tax Credit?...
If you are among the 48 million Americans with student loan debt (based on data from the Federal Reserve Bank of St. Louis), you may be planning to save for retirement once your student loans are paid off. After all, you won’t feel any change in your budget or lifestyle if you allocate the money previously put toward student loan payments into a 401(k) or other retirement savings plan. By Dawn Allcot Student Loan Forgiveness: Timeline of Events Leading Up To the Supreme Court ReviewSee: With Recession Looming, Make 3 Retirement Moves To Stay On TrackLearn: DOJ Says Overruling Biden’s Student Loan Forgiveness Could Lead to More Lawsuits...
Anyone looking for a ray of hope in the global supply chain crisis won’t get much joy from recent headlines, as everything from an energy crisis in China to a massive gas shortage in Europe have only worsened the problem — and led some retailers and manufacturers to overorder ahead of the holiday season. By Vance Cariaga See: It’s Supply Chain ‘Whack-a-Mole’ as Wide Range of Common Foods Face Shortage — Should You Stock Up?...
Tesla filed a trademark for “restaurant services, pop-up restaurant services, self-service restaurant services, take-out restaurant service,” according to a filing with the United States Patent and Trademark Office. By Yaёl Bizouati-Kennedy See: 5 Times Elon Musk Completely Shocked UsFind: ‘The Big Short’ Genius Makes a Half Billion Dollar Bet Against Tesla and Elon Musk The move seems like the realization of one of Elon Musk’s long-time projects, as in January 2018 he tweeted, “Gonna put an old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in LA....
It sometimes gets a bad rap, but borrowing money isn’t always a bad thing. April is Financial Literacy Month, making now a great time to learn how to borrow responsibly. By Jennifer Taylor Tips: 7 Financial Habits That Improve Your Daily LifeSee: 10 Things Most Americans Don’t Know About SNAP One of the five key principles of financial literacy — in addition to earning, saving and investing, spending and protecting — according to the Financial Literacy and Education Commission, understanding the basics of borrowing is essential....
