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Monthly Archives: January 2023

Tesla just notched its best week in a decade, as stock soars 33%

Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares surged 33% this week, marking their best weekly performance since May 2013 and second best on record. The stock rose 11% on …

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McCarthy spoke with Musk about making Twitter ‘fair on all sides’

U.S. Speaker of the House Kevin McCarthy (R-CA) arrives to a meeting with the House Republican Steering Committee at the U.S. Capitol Building on January 11, 2023 in Washington, DC. Anna Moneymaker | Getty Images Twitter CEO Elon Musk discussed how to make the social media site “fair on all …

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How to save more money and boost your emergency fund

As employers hold back on hiring amid recession fears and rising interest rates, unemployed Americans are spending more time looking for jobs.  In December, roughly 826,000 Americans reported being unemployed for 15 to 27 weeks, or about 3½ to 6 months, according to Labor Department data. That’s up from 526,000 …

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Why desalination won’t save states dependent on Colorado River water

The Colorado River wraps around Horseshoe Bend in the in Glen Canyon National Recreation Area in Page, Arizona. Rhona Wise | Afp | Getty Images States dependent on the drought-stricken Colorado River are increasingly looking toward desalination as a way to fix the river’s deficit and boost water supplies across …

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5 things to know as filing season opens

Damircudic | E+ | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here, and tune in every Friday at 11 a.m. ET. Tax season kicked off Jan. 23. The IRS expects taxpayers to file more …

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A 4-day workweek might be coming to Maryland

A four-day workweek could be coming to Maryland. A new bill introduced by Maryland lawmakers this month incentivizes both public and private employers to experiment with a shortened workweek without cutting pay and benefits. Under the program, businesses that shift at least 30 employees from a 40-hour week down to …

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What is a ‘Humpty Dumpty portfolio’?

When Rick Ferri, a financial advisor and founder of Ferri Investment Solutions, recently saw a new client’s portfolio, it conjured a familiar image: a comic by retirement planner Aaron Brask featuring Humpty Dumpty. In it, an intact egg sitting on the wall is labeled as a total market portfolio with …

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White House approves student loan forgiveness for 16 million people

Wirestock | Istock | Getty Images The U.S. Department of Education has “fully approved” more than 16 million people for federal student loan forgiveness and sent their applications to loan servicers, the Biden administration announced Friday. The administration gave a state-by-state breakdown of the number of borrowers who have applied …

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This ‘best job’ of 2023 pays at least $100K, doesn’t require a degree

A growing wave of layoffs might be sweeping through Silicon Valley, but the hottest job on the market right now is in tech: full-stack developer.  Full-stack developers claimed the top spot in Indeed’s annual ranking of the “best jobs” in the U.S., thanks to a strong 10-year outlook and increasing …

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Intel stock tumbles after brutal results

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel shares continued to slide on Friday, …

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