Tag Archives: MoneyWatch

Trump climbs back onto the Forbes 400 richest Americans list

Former President Donald Trump can again lay claim to membership in an elite club: The Forbes 400 list of the richest Americans. Trump reclaimed a place in the business magazine’s annual list after tumbling from the rankings last year, which marked the first time in 25 years Trump hadn’t been …

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Home sales continue to slide as Fed jacks up interest rate

The number of homes sold across the U.S. slowed in August, the seventh month in a row of declining sales.  The National Association of Realtors said Wednesday that existing home sales fell to 4.8 million last month, down 0.4% from July. Home sales are down nearly 20% over the last …

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Dow plummets more than 1,000 points as inflation burns hot

U.S. stocks plunged on Tuesday amid Wall Street’s sudden realization that inflation isn’t slowing as much as hoped. A hotter-than-expected inflation report sent a thud through Wall Street and markets worldwide. The Consumer Price Index increased 8.3% in the past 12 months, as rising prices for food, shelter and medical …

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Coinbase exposed user accounts to thieves, lawsuit claims

A group of cryptocurrency investors is suing Coinbase, alleging that lax security systems at the crypto trading platform exposed their accounts to hackers.  More than 100 Coinbase users, led by Georgia resident George Kattula, filed a class action lawsuit in U.S. District Court for the Northern District of Georgia last week …

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$2.2B infrastructure budget paves way for new roads, bridges, bike lanes across U.S.

U.S. transportation officials announced $2.2 billion for local infrastructure projects on Thursday, paving the way for new bridges, roads, bike lanes, railways and ports in scores of communities across the country. The competitive grants are more than double the amount awarded the previous year under the same program. The influx …

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Don’t bank on selling your small business to fund your retirement

Retirement can loom like a dark cloud for small business owners. Many invest blood, sweat and tears — and every penny — into building their business but never set cash aside for the future. A huge number of entrepreneurs have reported putting aside no retirement savings at all. For some, …

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Georgia says residents can claim embryos as dependents on their tax returns

Residents of Georgia can claim embryos as dependents on their tax returns, according to guidance issued Monday by tax officials in the state. The Georgia Department of Revenue said it released the tax rules in light of the Supreme Court’s June ruling overturning Roe v. Wade and of the state’s abortion ban, which …

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Michelle Obama’s new book, “The Light We Carry,” to be released this fall

Michelle Obama will have a book out this fall, “The Light We Carry,” in which she reflects upon her experiences and shares insights on navigating an increasingly stressful world. It’s the former first lady’s first entirely new work since the 2018 release of her acclaimed blockbuster “Becoming,” which has sold …

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How not to get soaked by “drip pricing” by airlines and hotels when booking your vacation

With travel prices soaring, customers might be tempted to pick the cheapest base option they find. But the base price of airfare and hotels represents only a fraction of the total costs. A parade of add-on fees awaits any traveler trying to navigate the checkout process, ballooning the final price. …

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Vince McMahon steps back as CEO of WWE amid misconduct probe

WWE chairman and CEO Vince McMahon is stepping away from his duties while the company investigates him for alleged misconduct, the company announced Friday.  The probe centers on claims that McMahon paid hush money to an employee with whom he allegedly had an affair, the Wall Street Journal first reported.  …

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