Living/Lifestyle

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services.  While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses …

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard Read More »

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched …

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0? Read More »

Apple has been worried about iPhone supply, but that may swing to demand concerns

Apple has been worried about iPhone supply, but that may swing to demand concerns

Throughout the pandemic, Apple Inc.’s biggest challenge has been maintaining appropriate supply of its devices, but as the company heads toward a new iPhone launch, could the equation flip? Apple AAPL, -0.88% benefited from resilient demand in the first couple of years of the COVID-19 crisis, as governments pumped out stimulus funds and consumers looked …

Apple has been worried about iPhone supply, but that may swing to demand concerns Read More »

Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It's not just because of the pandemic.

Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It’s not just because of the pandemic.

Homeownership became out of reach for millions of Americans following the recent boom in home prices. Lower-income families have been hit especially hard, with the share of new homes selling for under $300,000 plummeting to 10% from 35% in just two years. A number of factors, including more than a decade of limited homebuilding, a …

Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It’s not just because of the pandemic. Read More »

Elon Musk’s Effort to Terminate Twitter Deal Puts Pressure on CFO

Elon Musk’s Effort to Terminate Twitter Deal Puts Pressure on CFO

Elon Musk’s bid to terminate the acquisition of Twitter Inc. is complicating matters for Ned Segal, the social media company’s finance chief, who is battling a decline in its share price as well as higher costs. Mr. Musk on Friday said he planned to abandon a $44 billion deal struck in April for Twitter because …

Elon Musk’s Effort to Terminate Twitter Deal Puts Pressure on CFO Read More »

Is That Remote Job Opening Really Remote? Check the Fine Print

Is That Remote Job Opening Really Remote? Check the Fine Print

Job seekers are finding that roles advertised as remote sometimes aren’t that way in reality.  More than two years spent working largely from home have sold some professionals on permanent remote work—or at least minimal time in offices. Nearly half of 1,700 workers polled in a June survey by the Society for Human Resource Management …

Is That Remote Job Opening Really Remote? Check the Fine Print Read More »

There may be another shoe to drop after Micron's big outlook miss

There may be another shoe to drop after Micron’s big outlook miss

Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter revenue of $6.8 billion to $7.6 billion, whereas analysts tracked by FactSet had been modeling $9.15 billion. Micron’s chief executive acknowledged that “the industry demand …

There may be another shoe to drop after Micron’s big outlook miss Read More »

Taco Bell and Cheez-It have tongues wagging with this new tostada on a giant cracker

Taco Bell and Cheez-It have tongues wagging with this new tostada on a giant cracker

Taco Bell can’t get enough Cheez — and neither can Twitter.  The Yum! Brands YUM, +0.31% Tex-Mex chain has teamed up with Kellogg’s K, +1.06% Cheez-It for a new menu item that they’re testing in California: the Big Cheez-It Tostada. Basically, the $2.49 dish piles seasoned beef, reduced-fat sour cream, fresh diced tomatoes, crisp lettuce and shredded …

Taco Bell and Cheez-It have tongues wagging with this new tostada on a giant cracker Read More »

'It's nuts': Real estate agents describe chaos in New York City's hot rental market

‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market

Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. …

‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market Read More »

'This hurricane season could be particularly severe for the U.S. Gulf Coast': These cities have homes with the highest risk of storm damage

‘This hurricane season could be particularly severe for the U.S. Gulf Coast’: These cities have homes with the highest risk of storm damage

As the country enters hurricane season from June 1 to the end of November, homes in New York and Miami are at the highest risk for property damage, according to a report released Wednesday from housing-research firm CoreLogic. Overall, more than 33 million homes in America are at risk of suffering damage from hurricanes, according …

‘This hurricane season could be particularly severe for the U.S. Gulf Coast’: These cities have homes with the highest risk of storm damage Read More »