Business
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No news is not good: Retirees are filling the news hole where local papers have shut down
When the giant publishing chain Gannett shut down its money-losing weekly print newspaper the Brookline Tab last year, I joined many others around the country living within an area with minimal or no local news coverage. Gannett GCI, -11.11% still has an online version here in Brookline, Massachusetts, but it has pivoted to a regional model and…
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Jobs in artificial intelligence: Workers are looking to ride the wave, and employers are hiring
At one time, no one had ever heard of a telegraph operator. An electrician. Auto mechanic. TV producer. X-ray technician. Software developer. Webmaster. Cybersecurity specialist. Advancements in technology have always spawned new kinds of jobs while rendering other ones obsolete. Artificial intelligence will be no exception. Right now, we don’t fully know what those jobs…
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Treasury yields higher as investors assess interest rate outlook
Bond yields rose on Monday as appetite for risk across markets reduced demand for sovereign debt, while investors continued assessing what could be next for the Federal Reserve’s interest-rate decision at its June 13-14 policy meeting. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.495% slipped by 6 basis points to 4.545% versus 4.501% at…
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Palo Alto Networks climbs on promotion to S&P 500, while Dish drops out
Here are some prospective movers to keep an eye on Monday, as the U.S. stock market, appeared poised for a muted start to the new week. Stock gainers: Shares of Palo Alto Networks Inc. PANW, +0.21% rose 5% in premarket on Monday after S&P Dow Jones promoted the $66 billion cybersecurity company to the S&P…
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Tesla recalls some Model Y EVs, stock rises toward 7-day win streak
Tesla Inc. has issued a voluntary safety recall of certain Model Y electric vehicles, due to risks of loss of steering control. The Texas-based EV maker said the recall affects 137 Model Y vehicles from model years 2022 and 2023. “A loose fastener may allow the steering wheel to disconnect from the steering column, which…
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‘I’m 62 and ready for my golden years’: I’ve $1.7 million in annuities, Roths and index funds. Can I afford to never work again?
I’m going to preface this by saying that I know I am in a great long-term position. It’s the short term that is of concern. I am 62, single with no dependents. I own my smallish home outright and it’s worth $1 million due to the location. I own my car outright and I have…
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Cash-back credit cards vs. travel-rewards cards: Which one gives you the most bang for your buck?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh a financial decision. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns by emailing our columnist at [email protected]. Vacation season is here and it’s…
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How many working Americans need food stamps? The answer may surprise you.
The debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy over the weekend contains many compromises for both Republicans and Democrats. Those include changes to the federal government’s Supplemental Nutrition Assistance Program, also known as the food-stamp program. “The agreement prevents the worst possible crisis, a default, for the first time in…
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‘I’m 63 and desperately hate my work’: Should I pay off my mortgage, claim Social Security and quit my job?
Dear Quentin, I’m 63 and desperately hate my work. I’ve had the same job for the last 19 years and every day I’m there, I just want to quit. I have $330,000 in cash and investments, $30,000 in my employer’s retirement fund and a remaining mortgage of $83,000. The payment (including property taxes) is $1,255…
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Retired doctor known as the ‘yellow man’ sentenced for selling toxic chemical as weight-loss drug that killed customer
Retired New Jersey doctor William Merlino spent his golden years selling weight-loss drugs online. But the problem was that the pills he sold were made from DNP, or dinitrophenol, a chemical used as a herbicide or wood preservative that is toxic for human consumption, federal prosecutors said. He compounded and pressed the pills himself in…