An employee stocks shelves in the toy section of a Walmart in Secaucus, NJ on Tuesday, November 22. More than two and a half years into the pandemic, many businesses have not been able to resume the same hours of operations or services as they continue to face labor shortages. (Seth Wenig, Associated Press) Estimated …
Shoppers and workers clash over post-pandemic expectations Read More »
‘One of the worst money mistakes’: This Harvard-educated economist says retiring early is a decision you’ll ‘regret’ – here are 3 big problems with hanging up in your 50s Take early retirement? As the old saying goes, it’s a good job if you can get it. But as a respected Harvard economist notes, too many …
(Bloomberg) – Federal Reserve Chairman Jerome Powell has history on his side as he and his colleagues part ways with Wall Street on how long interest rates will stay high in 2023. Bloomberg’s Most Read After the fastest monetary policy tightening since the 1980s, the central bank is expected to raise its benchmark rate by …
Fed message that rates will be on hold for ‘a while’ clashes with bets on 2023 rate cut Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
Heat pumps are becoming increasingly popular for residential housing with rising energy prices and the need to reduce the use of fossil fuel heating systems. Andrew Aitchison | In pictures | Getty Images Are you thinking of a domestic heat pump? New and expanded government incentives, coupled with a steep rise in utility costs, make …
At WIRED have written extensively about the threat cyberattacks pose to power grids around the world. But lately, the most significant attacks on electrical systems have demonstrated that hacking is hardly necessary when physical destruction and sabotage are an option: just as the Russian invasion force in Ukraine systematically destroyed electrical infrastructure To cause widespread …
Soaring mortgage interest rates threatened to crush Michael and Christine Hawkins’ dream of home ownership. But this fall, when the couple saw a Canoga Park condo languishing on the market, they hatched a plan. They would submit a “low ball” offer that they could accept if they reduced their vacations, shopping and dining out. In …
As home prices fall, Southern Californians who bought at the high are nervous Read More »
Christine and Michael Hawkins in their recently purchased condo in Canoga Park. The Hawkins took out a mortgage at the peak of their budget and planned to refinance when rates fell. Now they fear that they will not be able to refinance. (Mel Melcon/Los Angeles Times) Soaring mortgage interest rates threatened to crush Michael and …
As home prices fall, Southern Californians who bought at the high are nervous Read More »
Investors, like children on Christmas Eve, expect Santa Claus to come down the chimney, walk to Wall Street and deliver the rewarding gift of a stock market rally. This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock market gains to emerge this holiday season, …
Why stock investors shouldn’t count on a “Santa Claus” rally this year Read More »
BEVERLY, Mass. “It’s a gray November morning, and we’re on a long yellow school bus. The bus bounces around the patched streets of this Boston suburb in a way that would be familiar to anyone who has ever taken the bus to class. But the bus is quiet – and not just because there are …
Electric school buses offer kids a cleaner, but more expensive, route to class Read More »
