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Monthly Archives: October 2023

Thinking in foreign language is good for brain

Speaking two languages doesn’t just expand your ability to communicate globally. It can make you more rational, improve your decision-making skills and boost your memory, says University of Chicago psychology professor David Gallo. “Having a lifetime experience in switching between languages exercises your brain in a way that monolinguals don’t …

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Big mistake if you park your money forever in bonds

Suze Orman has a warning for investors relying too heavily on bonds. The personal finance expert believes the draw of high interest rates and an aversion to risk taking are preventing too many people from taking a “lifetime opportunity” in the stock market. “Some of these stocks — how do …

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Israel-Hamas war is affecting financial outlooks of these companies

The ‘Rhapsody of the Seas’ cruise liner carrying US citizens leaves the Israeli port of Haifa to be evacuated to the Mediterranean island of Cyprus on October 16, 2023, amid the ongoing battles between Israel and the Palestinian Islamist group Hamas.  Aris Messinis | AFP | Getty Images Some of …

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Americans’ median net worth by age

Americans under 35 increased their median net worth by a whopping 142% between 2019 and 2022 — from $16,100 to $39,000 — according to the Federal Reserve’s October 2023 Survey of Consumer Finances. The report defines net worth as the difference between a person’s assets and liabilities. Assets are things …

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Why it’s so expensive to be single in the U.S.

There’s a good chance there are singles in your area. Nearly half of adults in the U.S. are currently single.  The 117.6 million unmarried, divorced or widowed Americans older than 18 account for 46% of the population, according to U.S. Census Bureau data. That number has been growing slowly but …

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Financial freedom may take $10 million

Troy Millings, left, and Rashad Bilal, co-creators of Earn Your Leisure. Source: Tyrell Davis Rashad Bilal and Troy Millings are among a growing class of financial influencers who want to help people be smarter about money. The duo — a former financial advisor and a teacher, respectively — launched the …

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Google commits to invest $2 billion in OpenAI competitor Anthropic

Jakub Porzycki | Nurphoto | Getty Images Google agreed to invest up to $2 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI executives, CNBC has confirmed. The commitment involves a $500 million upfront cash infusion and an additional $1.5 billion to be invested over time, an Anthropic spokesperson …

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Why food giants think you’ll eat a mustard Skittle and caviar Pringle

French’s mustard-flavored Skittles. Nike sneakers with a Tiffany & Co. blue swoosh. A “crisps and caviar” snack kit from Pringles and The Caviar Co. While brand partnerships are a tried-and-true tactic to get attention, the marketing mashups of 2023 take it to a whole new level. Fueled by Mattel’s more …

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How to save by taking funds from inherited retirement accounts now

Elenaval | Room | Getty Images More from Year-End Planning Here’s a look at more coverage on what to do finance-wise as the end of the year approaches: But if beneficiaries put off withdrawals or take only that minimum early on, they could wind up with a “giant RMD” at …

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Intel pops after earnings show progress toward $3 billion in savings

Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue for the quarter, ahead of analyst expectations …

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