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Monthly Archives: January 2023

When workers get three-paycheck months in 2023

How to plan for three-paycheck months Taking home three paychecks in one month can give your financial standing a boost, according to Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California, and a member of CNBC’s Advisor Council. “If you have credit card debt, that …

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Rivian stock hits new 52-week low after missing 2022 production target

Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive hit a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year. The EV startup late Tuesday …

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Dubai announces $8.7 trillion economic plan to boost trade, investment

Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates — Dubai on Wednesday announced a mammoth $8.7 trillion economic plan for the coming …

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5 things to know before the stock market opens Wednesday, January 4

Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023. Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Holiday hangover Stocks started the year with a …

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Why the interest on your savings account may be way behind the Fed

Valentinrussanov | E+ | Getty Images As the Federal Reserve continues to hike interest rates, you may assume you’re earning more on the money in your savings account. But that may not be the case. related investing news Carolyn McClanahan, a certified financial planner at Life Planning Partners in Jacksonville, …

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Here are some strategies that can help you dig out of holiday debt

While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 and Dec. 24, according to the latest Mastercard SpendingPulse survey. For many consumers, the amount of debt they took on to pay for …

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Tesla and Apple face China risks as share prices plunge

Apple and Tesla are facing major headwinds in China which is contributing to investor jitters around the two U.S. technology giants. Tesla shares tanked 12% on Tuesday after the electric carmaker reported deliveries that fell short of analyst expectations, while Apple fell more than 3% as concerns resurfaced about demand …

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French bakers allowed to renegotiate bills as high bills bring pain

Bread displayed at the organic Racynes bakery in Boulogne-Billancourt, outside Paris, in November 2022. Bakery owners have been struggling with higher crop and energy prices. Stephane De Sakutin | Afp | Getty Images Energy suppliers in France have agreed to allow bakeries to negotiate new payment plans for 2023 to …

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Mortgage demand plunges, as interest rates rise

A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand. Mortgage application volume was …

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UK PM Rishi Sunak to propose compulsory math up to the age of 18

Britain’s new Prime Minister Rishi Sunak speaks outside Number 10 Downing Street, in London, Britain, October 25, 2022. Henry Nicholls | Reuters Sunak’s education proposals would only affect pupils in England. Education is a devolved issue, with Welsh, Scottish and Northern Irish authorities managing their own systems. School-based education in …

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