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Monthly Archives: January 2023

U.S. National Parks will be free on MLK Day—and 4 other days this year

If you’ve been looking for an excuse to visit one of America’s more than 400 national parks, now is your chance. The US National Park Service will be offering no-cost admission to all of its parks, including Yellowstone, Yosemite, Grand Canyon and Zion National Park on Monday, Jan. 16 as …

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Mega Millions jackpot is $1.35 billion. 3 tips for navigating a win

Fatih Aktas | Anadolu Agency | Getty Images There’s a chance a Mega Millions player is on the verge of joining a very short list: winners who snag a jackpot worth more than $1 billion. The grand prize is an estimated $1.35 billion for Friday night’s drawing. That’s how much …

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Matt Yglesias got confused about basis points. Here’s what to know

Internet writers, especially ones who publish frequently, are going to make mistakes. It’s part of the job. So it didn’t surprise me this week when a bunch of smart financial people on social media pointed out that a post on political columnist Matt Yglesias’s Substack, Slow Boring, contained some fuzzy …

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U.S. to hit debt limit Thursday, Yellen warns Congress

Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday. After that, the Treasury Department this month will begin “taking certain extraordinary measures to prevent the United States from defaulting on its obligations,” Yellen wrote in a letter to new House …

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Why inflation hit these 10 items hardest in 2022

David Paul Morris/Bloomberg via Getty Images Inflation popped in 2022 to a level unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among food, fuel and airfare. Some of those swings were due to outlying factors that extended beyond broad inflationary pressures like …

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96% of workers are looking for a new job in 2023

Kate_sept2004 | E+ | Getty Images It will soon be the Year of the Rabbit, according to the Chinese calendar, but it might as well be the year of the new job. A whopping 96% of workers are looking for a new position in 2023, largely in search of better …

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4 troubling global trade trends flashing consumer weakness, recession

Wall Street’s biggest bank CEOs, from Jamie Dimon at JPMorgan to Brian Moynihan at Bank of America, were talking a recession as the “central case” as part of earnings reports on Friday morning. It might be a “mild” one, as Moynihan predicts, but from the world of global trade, there …

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Insana says the case is clear that inflation is over

NEW YORK, NEW YORK – JANUARY 12: Eggs are seen on a shelf at Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City. An outbreak of avian influenza, also known as the bird flu, has driven a shortage of eggs as well …

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How Mega Millions $1.35 billion jackpot losers can still win millions

Even if you don’t take home the Mega Millions $1.35 billion jackpot Friday, you still could win millions in prizes. With the last draw on Tuesday, 16 ticket holders across the U.S. won between $1 million and $3 million in prize money. The winners matched the numbers on five of …

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Nelson Peltz, Trian won’t pursue Wendy’s takeover

David Paul Morris | Bloomberg | Getty Images Nelson Peltz isn’t interested in acquiring Wendy’s, according to a regulatory filing made on Friday. Peltz serves as non-executive chair on the burger chain’s board and as chief executive of activist firm Trian Fund Management, which is its largest shareholder. In May, …

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