Economy
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The new 2023 Honda CR-V aims to excel in a multitude of ways. Mission accomplished.
The Honda HMC, +0.81% CR-V is our highest-rated compact SUV of 2023 and a Kelley Blue Book Best Buy Award winner. Pricing starts at $28,410. Here we are, welcoming generation six of the perennially popular Honda CR-V compact SUV into the world. Expertise gained and lessons learned from the previous generations combine with fresh technology and…
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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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‘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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‘Ability is ageless’: New York City helps retirees get back to work and fill open jobs
In what looks to be a win-win for New York seniors and businesses, New York City said it plans to train older adults for new career paths using a $4.5 million grant that provides new job skills and opportunities for retirees who want to return to work. The Silver Corps program was launched as a…
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Almost half of today’s working households are at risk of a lower standard of living in retirement
The Center for Retirement Research first released its National Retirement Risk Index (NRRI) in 2006. The goal was to summarize in a single number the extent to which today’s workers would be prepared for retirement. The Index uses the Federal Reserve’s triennial undefined to compare projected replacement rates — retirement income as a percentage of…