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Yearly Archives: 2023

Why self-employed Americans can’t afford to ignore open enrollment

Open enrollment season can be a time of trepidation for the self-employed.  The stakes are especially high because if you need to buy individual or family coverage, the next few weeks could be your only chance for 2024, barring certain exceptions such as moving to a different state, getting married, …

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Moody’s warning on the massive U.S. debt burden has turned into a nonevent

Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City.  Michael M. Santiago | Getty Images There was a time when bad news about U.S. debt would send markets into a tailspin, but not this month. Markets on …

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Spot bitcoin ETF approval is approaching, experts say. What to know

Wael Alreweie | Istock | Getty Images Bitcoin investors are eagerly waiting for regulators to approve the first U.S. spot bitcoin exchange-traded fund, which could be significant for cryptocurrency investors, experts say. Last week, the price of bitcoin notched an 18-month high, climbing to $37,970, after BlackRock took first steps …

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To buy a home in this market, buyers turn to mom and dad

A “For Sale” sign in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Fewer people can afford to buy a house these days. On top of soaring home prices, 30-year fixed mortgage rates have been hovering near the highest level in more than two decades. …

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Couple with over $285,000 in debt made 3 common mistakes

Trin and Lucas have big financial dreams. The 35-year-old couple wants to build wealth and savings for their two children’s futures — ideally they’d have $3 million in the bank in five years. But currently, they’re in a pretty deep hole.  As a couple, they have $285,100 in debt and …

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Salesforce appoints longtime executive Denise Dresser as Slack CEO

Newly appointed Slack CEO Denise Dresser, Rocket Mortgage Chief Marketing Officer Casey Hurbis and Boston Consulting Group Managing Director and Partner Shilpa Sharma speak during Vox Media’s Code Conference in Beverly Hills, California, on Sept. 7, 2022. Randy Shropshire | Getty Images Longtime Salesforce executive Denise Dresser has been appointed …

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Exxon to produce lithium for electric vehicles in Arkansas

Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday. Exxon earlier this year purchased 120,000 acres of a geological site in southern Arkansas called the Smackover Formation that is rich …

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Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions

The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%, according to the new CNBC/NRF Retail Monitor. The new Retail Monitor, debuting Monday, is a joint product of …

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Emirates announces $52 billion order for 95 Boeing aircraft

DUBAI, United Arab Emirates — Emirates Airline on Monday announced an order for 95 Boeing aircraft at a value of $52 billion, kicking off the first major deal of the 2023 Dubai Airshow. The state-owned flagship Dubai carrier, a subsidiary of Emirates Group, is ordering 55 additional Boeing 777-9s and …

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Boeing exec says 2023 will be the ‘year of widebody orders’

A Boeing 777x is displayed during the International Paris Air Show at the ParisLe Bourget Airport, on June 20, 2023. Geoffroy Van Der Hasselt | AFP | Getty Images Boeing Commercial Airplanes CEO Stan Deal says 2023 has been a year of orders for widebody aircraft with the U.S. manufacturer …

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