Investing
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Micron may get $1.5 billion from Japan to make advanced chips: report
Micron Technology Inc. is expected to get about $1.5 billion in financial incentives from the Japanese government to help build advanced memory chips, according to a new report. Bloomberg News reported late Wednesday that the deal is likely to be announced Thursday, when Japanese Prime Minister Fumio Kishida meets with a group of tech executives…
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‘Tipping culture is out of control. I was asked to tip 15% for a charitable donation’: When will it end?
Our tipping culture is out of control. It has become mandatory, and forced upon us. It has lost its cause. It’s not a gratuity anymore, it’s become another tax. Consumers are forced to help merchants to pay workers after paying merchants for the service. One time, I tried to donate money online, and was asked…
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Tesla’s Elon Musk expects ‘a year of difficulty’ for the global economy
Tesla Inc. Chief Executive Elon Musk said late Tuesday he foresees “a year of difficulty” for the global economy, with “lots of companies” going bankrupt, and said that the EV maker will not be immune to the downdraft, even as he teased two new products for Tesla in the future. “It’s is going to be…
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Manchester United stock jumps on improved Sheikh Jassim offer
Manchester United’s stock rose in after-hours trade Tuesday following the latest development in the takeover battle for the iconic English football club. MarketWatch understands that Sheikh Jassim Bin Hamad Al Thani has made an improved bid for Manchester United. As before, the bid is for 100% of the club, will clear Manchester United’s debt and…
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Container Store plans layoffs, sales expected to decline further despite Bed Bath & Beyond closures
Even with rival Bed Bath and Beyond Inc. closing its doors, Container Store Group Inc. expects a sales decline to worsen, sending shares toward their lowest prices since 2020 on Tuesday afternoon. In its fiscal fourth-quarter earnings report, Container Store TCS, -6.64% reported Tuesday that annual revenue declined 4.3% to $1.05 billion, and executives surprisingly…
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IRS will launch free tax-filing pilot in 2024. TurboTax, H&R Block and Republicans are opposed.
After a months-long review, the Internal Revenue Service will test a free federal tax-filing pilot program, IRS and Treasury Department officials said Tuesday. Though many details about the pilot program still need to be worked out, the upcoming test run could mark the start of a new, free alternative to paid preparers and tax software…
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I received $225,000 from the 9/11 Compensation Fund after being diagnosed with lung cancer. How should I save and invest it?
I will receive a windfall of $225,000, tax-free, in July. The money comes from the World Trade Center Health Program. In the days and weeks following the 9/11 attacks I volunteered at St. Paul’s Chapel by giving out food and drink to the workers, and preparing kits of throat lozenges and socks and other things…
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Buying a house? Watch out for these 3 fast-spreading myths.
Buying a home is a big deal — it’s a huge financial commitment and a seriousresponsibility. But confusing and misleading information on the internet can throw curveballs in the research process. Three pieces of information in particular about mortgages and the housing market have recently been floating around the internet that may confuse potential home…
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Turkey ETF ends 8% lower as presidential election heads for runoff
[]An exchange-traded fund that tracks Turkey’s stock market tumbled on Monday as the nation headed for a runoff vote after longtime leader President Recep Tayyip Erdogan pulled ahead of his rival, Kemal Kilicdaroglu, but fell short of an outright victory that would extend his two-decade rule of the NATO-member country. []The iShares MSCI Turkey ETF…
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A U.S. default would destabilize the financial ecosystem that investors swim in, strategist warns
There won’t be many good options for investors to protect themselves from the shock waves unleashed in global financial markets if debt-ceiling talks in Washington fail and the U.S. government willingly defaults, according to Amar Reganti, fixed-income strategist at Hartford Funds. Wall Street has been paying close attention as the White House and top U.S.…