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Yearly Archives: 2023

What to know before rolling money from a 401(k) to IRA

D3sign | Moment | Getty Images Millions of people move money from a workplace 401(k) plan to an individual retirement account each year. Such “rollovers” are common when workers retire or take new jobs at different employers. More than 5.6 million people rolled a combined $618 billion into IRAs in …

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Waymo chief product officer on progress, competition vs Cruise

Passengers ride in an electric Waymo full self-driving technology in Santa Monica Allen J. Schaben | Los Angeles Times | Getty Images Waymo, Alphabet‘s self-driving car unit, is having a relatively good couple of months – at least, compared to one of its key rivals: GM‘s Cruise.  Formerly known as …

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Job data suggests ‘soft landing’ may be near, say economists

Luis Alvarez | Digitalvision | Getty Images The U.S. economy inched closer to a so-called “soft landing” after a new batch of labor data, economists said. A soft landing is a good thing. It would mean the Federal Reserve has accomplished the difficult task of taming inflation without triggering a …

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SpaceX plans NASA refueling demonstration for next Starship launch

SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for launch from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 15, 2023.  Joe Skipper | Reuters SpaceX could attempt a key demonstration for NASA during the third test flight of …

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Bitcoin tops $43,000 first time since April 2022

Jaap Arriens | NurPhoto | Getty Images Bitcoin is building on its upward momentum, with the flagship cryptocurrency topping $43,000 for the first time since April 2022 on Tuesday. The price of bitcoin rose nearly 4% to $43,478.00, according to Coin Metrics, extending gains from the previous day, as the …

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Supreme Court case on ‘income’ could have major implications for taxpayers

People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023. Minh Connors | The Washington Post | Getty Images The Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue. The …

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Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021

Job openings tumbled in October to their lowest in 2½ years, a sign that the historically tight labor market could be loosening. Employment openings totaled a seasonally adjusted 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday. The number was well below the …

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High mortgage rates have limited opportunities for homebuyers, sellers

Why many homeowners are ‘staying put’ Last week, the average interest rate for certain 30-year fixed-rate mortgages decreased to 7.37% from 7.41% the prior week, in the fourth successive week of declines. Lower mortgage rates have prompted mortgage applications to pick up. Yet about 80% of outstanding U.S. mortgages have …

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EU wealth tax and end of U.S. capitalism: Saxo’s outrageous predictions

The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, on Aug. 28, 2011, as Hurricane Irene hits the city and tri-state area with rain and high winds. Stan Honda | Afp | Getty Images An EU wealth tax, the “end of capitalism” in …

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Oil CEO rejects fossil fuel industry to blame for the climate crisis

DUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for the climate crisis “is like blaming farmers for obesity.” His comments come at the mid-point of the U.N.’s biggest and most important annual climate conference, with …

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