Investing
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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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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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‘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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Beyond OpenAI: 7 promising startups that have saved lives, sped up drug development and improved manufacturing
OpenAI is stealing the spotlight as the definitive artificial-intelligence startup — for now. Backed by Microsoft Corp. MSFT, +0.85%, the progenitor of ChatGPT-4 has become the focus of the AI wave, but other AI startups are emerging in fields including healthcare, education and manufacturing. Based on recent interviews with venture capitalists and tech executives in…
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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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ChatGPT acts like a devious coworker: ‘It doesn’t own mistakes, but it admits them when you point them out’
Roni Rosenfeld said he would never dream of using ChatGPT at work, but he understands how it could be tempting, and — yes — even useful for others. Maybe. Just don’t expect it to be accurate, uphold your company’s policies, or even do exactly what it’s told. ChatGPT, an artificial intelligence search engine, is a…
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Unsuspecting Americans hold ‘billions’ in uninsured accounts, federal agency warns. Here’s what you can do about it.
How much money do you have sitting around in a payment app? The Consumer Financial Protection Bureau issued a warning Thursday that “billions of dollars” stored in these accounts may not be safe in the event of financial distress. Use of non-bank payment apps such as PayPal PYPL, +1.44%, Venmo, and Cash App have rapidly…
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Mortgage rates rise to highest level in six months. ‘Demand is likely to weaken,’ Freddie Mac says.
The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, according to data released by Freddie Mac on Thursday. That was up 22 basis points from the previous week — one…
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Who do you blame for high house prices? Nearly half of young Americans point their finger at the government.
[]As the cost of owning a home has skyrocketed over the last few years, some Americans are venting their frustrations by blaming the government for high housing prices. []Nearly 90% of Americans said it’s too expensive to purchase a home right now, according to a survey of 1,386 people in the U.S., aged 46 and…