Business
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This restaurant chain offers the worst bang for your buck, customers say — and it’s not even the most expensive
When it comes to dining out, customers say Shake Shack SHAK, +0.55% has gotten far too pricey for what it’s dishing out. And that’s despite the fact that it’s even not the most expensive of the fast-casual and fast-food restaurant chains. That’s the big takeaway from a study by Stifel SF, +0.82%, the wealth-management and…
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My single, 80-year-old mother is thinking of selling her Berkeley house to get some cash. How can she avoid capital gains tax?
My mother is 80, unmarried, and owns two homes on one lot in Berkeley, Calif. The property consists of one single-family home and one cottage. She lives in one and rents the other. She has never really worked and has no savings. She rents one of the houses and lives in the other, getting by…
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Justice Clarence Thomas controversy explained: what he’s accused of doing, and why it raises ethical concerns
A bombshell report this week alleged that Supreme Court Justice Clarence Thomas has been accepting lavish gifts from Republican megadonor Harlan Crow for decades without disclosing them, such as trips on Crow’s superyacht and private plane. Some Americans are wondering whether Thomas, 74, could lose his spot on the Supreme Court over not disclosing these…
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4 things could shield stocks as Goldman warns of worst earnings season since pandemic
The outlook for corporate profits during the first quarter is looking pretty gloomy. But a team of analysts at Goldman Sachs Group see hope for individual companies that could manage to buck the trend by delivering on four areas of critical importance to investors. Analysts cut their outlook pretty aggressively as the economic outlook deteriorated…
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Jobs report shows 236,000 gain in March — lifting 2023 total above 1 million — but U.S. labor market shows hints of cooling
The numbers: The U.S. added a robust 236,000 new jobs in March, defying the Federal Reserve’s hopes for a big slowdown in hiring as the central bank struggles to tame inflation. The consensus economist forecast called for a nonfarm-payrolls expansion of 238,000. The solid increase in employment last month followed a revised 326,000 gain in…
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How much do you need to earn to afford a $500,000 home? Here is the answer.
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. Let’s pick a round number. How much money do you need to make to…
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3D-printing startup crushes recycling with disposable clay cups, inspired by the 5,000-year-old kulhar
Centuries-old practices could make all of us better stewards of Earth, even as we cling to modern habits like buying a to-go coffee in a disposable cup. San Francisco- and Berlin-based 3D-printing startup GaeaStar and its founder and CEO, Sanjeev Mankotia, are attracting investment for at least one solution to single-use trash, like coffee cups,…
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Ciena’s stock pares losses as company reiterates forecast after Lumentum warning
Ciena Corp. reaffirmed its outlook Thursday after optical-networking component maker Lumentum Holdings Inc. lowered its own forecast the previous afternoon, citing an order cancellation from a major customer. See also: Lumentum stock sinks nearly 10% after forecast revision Networking company Ciena CIEN continues to expect $1.035 billion… Source
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My father named my late mother as a beneficiary on his $80,000 life insurance, but my stepmother says it belongs to her. Who’s right?
Dear Quentin, My dad died in September in Pennsylvania (although he was a Florida resident), and my stepmother insists there is no will and no estate, but then she texted to say that my father wanted me to inherit an account that listed my late mother as beneficiary. The insurance company told me this account…
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Levi’s stock suffers worst day on record as earnings show inventory issues continuing
Shares of Levi Strauss & Co. suffered their worst day on record Thursday, after the jeans maker topped revenue and profit expectations for its latest quarter but continued to deal with high inventory levels. Levi’s LEVI stock declined 16% on Thursday, its worst daily percentage decline since the San Francisco-based jeans maker returned to the…