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Monthly Archives: August 2023

How cash-strapped consumers justify luxury purchases

By nearly every measure, Americans are financially strained. Yet, we’re coming up with new ways to justify expensive purchases. The latest way, coined “girl math,” breaks down the price of an item by the cost per wear. If you use an expensive handbag every day for a year, for example, …

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Mortgage REITs may be a soft-landing winner for investors

Djelics | E+ | Getty Images Income-hungry investors have long flocked to mortgage-backed real estate investment trusts — and why not? Many of them pay a handsome, double-digit dividend. But such vehicles haven’t done so well lately. That’s because when interest rates rise and yields balloon, their valuations tend to …

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Wholesale prices rose 0.3% in July, higher than expected

A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing. The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the …

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80% of bosses say they regret earlier return-to-office plans

After three years of haphazard plans for getting workers back at their desks, the return-to-office movement has entered a phase of remorse.  A whopping 80% of bosses regret their initial return-to-office decisions and say they would have approached their plans differently if they had a better understanding of what their …

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What smart parents do for back-to-school season: family therapist

Back-to-school season is here — and with it come a host of stressors and anxieties for parents and children alike. Bedtimes become more strict. Separation anxiety looms. The academic pressure of a new school year might weigh on your mind, too. The good news: A little planning can enable a …

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‘Bulletproof’ Lolekhosted ransomware hacker indicted

FBI Director Christopher Wray testifies before a House Judiciary Committee hearing on “oversight of the Federal Bureau of Investigation” and alleged politicization of law enforcement, on Capitol Hill in Washington, U.S., July 12, 2023. Jonathan Ernst | Reuters The mastermind behind a ransomware hosting service that allegedly helped criminals collect …

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Nvidia A.I.-driven rally pushed earnings multiple higher than Tesla

Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Following last year’s market route in tech stocks, all of the industry’s big names have rebounded in 2023. But one company …

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Nine states pass laws to crack down on theft

This is the final part of a three-part series on organized retail crime. The stories examine the claims retailers make about how theft is impacting their business and the actions companies and policymakers are taking in response to the issue. Read the first story here and the second here. When Walmart’s CEO, …

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This is the best time to redeem Series I bonds, according to experts

Investors piled into Series I bonds amid record yields, and some are now eyeing an exit for higher-interest alternatives. But redeeming I bonds can be tricky, experts say. After reaching 9.62% annual interest in May 2022, I bond yields have declined with falling inflation, reaching 4.3% interest for new purchases …

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Trump-appointee David Weiss named special counsel in Hunter Biden case

U.S. Attorney David Weiss holds a press conference Thursday, May 3, 2018, at his district office in Wilmington, Del. Suchat Pederson | The News Journal via AP WASHINGTON — U.S. Attorney General Merrick Garland announced on Friday that David Weiss, the federal prosecutor in Delaware who has led the criminal investigation of President …

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