Stocks ended mixed on Wall Street as weakness in several tech companies offset gains in other parts of the market. Facebook’s parent company, Meta Platforms, lost another one-fourth of its value after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. That …
Read More »Pumpkin spice foods cost up to 160% more than regular version
Fall is here, and retailers are trotting out a wide variety of products in the most popular flavor of the season — pumpkin spice. But prepare to pay a mint. That’s because food manufacturers commonly bake an informal “pumpkin spice tax” into the price of dozens of flavored foods and …
Read More »Starbucks is ending COVID
Starbucks on Monday said it is ending COVID-19 sick pay for its workers beginning on October 2, describing the pandemic as shifting into “the endemic phase.” Workers at the company’s almost 9,000 locations will no longer have benefits providing extra time off if they contract the illness. The COVID-19 program …
Read More »Princeton to offer full ride for families making up to $100,000
Getting in remains the hardest part, but footing the bill to go to Princeton University just got a lot easier. The Ivy League school is now offering a full ride to undergraduates from families earning up to $100,000 a year, and expects more than a quarter of its undergraduates will …
Read More »California lawmakers OK bills aimed at content regulation and child safety in social media
California lawmakers on Tuesday sent Gov. Gavin Newsom two groundbreaking bills intended to limit the downside of social media, as they faulted Congress for failing to act on the problem. A first-of-its kind measure would require social media companies to make public their policies for removing disturbing content and provide …
Read More »3 tips for stretching your dollar at the grocery store
Even with the passage of the Inflation Reduction Act, consumer prices continue to rise at nearly the fastest pace in 40 years. Perhaps nowhere is the impact of searing inflation more acutely felt than in the grocery aisle, where the cost of staples like eggs, milk, flour and chicken are eating …
Read More »SoulCycle is closing 20 stores across the nation
The high-intensity indoor cycling trend is perhaps falling out of favor as SoulCycle plans to close 20 locations across the U.S. and Peloton recently announced it is laying off nearly 800 workers. Most of the SoulCycle closings will be in New York, but locations in California, Massachusetts, Illinois, Florida, Georgia and …
Read More »Jake Paul is launching a sports “micro
YouTuber-turned-boxer Jake Paul has secured $50 million in venture capital to launch a new sports gambling platform called Betr. Paul said Monday that Betr will focus on two businesses — so-called micro-betting and producing original sports content. In micro-bets, sports fans wager that something will happen during a game, rather …
Read More »Americans with 401(k)s were asked how much they need to save for retirement. The answer: $1.7 million
Americans with 401(k)s were recently asked how much they needed to sock away to afford retirement. The answer: $1.7 million. That number may seem like a pipe dream to many, especially given that one-quarter of Americans have no retirement savings at all. But it’s actually a humbler goal than the …
Read More »Can’t “out
Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value? They have to make difficult trade-offs, beyond cutting streaming subscriptions or purchasing cheaper, store-brand groceries. Instead, Americans coping with high inflation may now be have to …
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