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Monthly Archives: May 2023

Nike CEO John Donahoe says decoupling from China would be ‘disastrous’

A Nike store is pictured in Sanlitun on March 27, 2021 in Beijing, China. VCG | Getty Images Nike CEO John Donahoe acknowledged geopolitical tensions are rising with China – one of its largest markets – but said decoupling from the region would be “disastrous” for global trade.  During a …

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How parents can protect teens from mobile app payment issues

Maskot | Maskot | Getty Images As new peer-to-peer payment app options emerge for teenagers, experts say it’s an opportunity for parents to teach their kids how to use these financial tools wisely — and educate them on how to avoid common pitfalls. Venmo on Monday unveiled a new linked …

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Microsoft says Bing can be default search engine for ChatGPT users

Microsoft CEO Satya Nadella speaks at an event on the company’s campus in Redmond, Washington, on Feb. 7, 2023. Chona Kasinger | Bloomberg | Getty Images Microsoft said Tuesday that it will offer Bing as the default search engine in OpenAI’s viral ChatGPT chatbot. It’s the latest tie-up between the …

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Retirement savers eye guaranteed lifetime income amid recession fears

Amid concerns about the U.S. economy and the possibility of a recession, most retirement savers want some sort of assurance they won’t outlive their nest eggs, recent reports show. As a result, demand for annuities, which offer a guaranteed stream of monthly income like Social Security and pensions, has soared. Now, …

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Debt ceiling deadline questioned as negotiators zero in on key issues

US House Speaker Kevin McCarthy (R-CA) speaks to the media as he leaves a meeting on the debt ceiling with US President Joe Biden at the White House in Washington, DC, on May 22, 2023.  Andrew Caballero-Reynolds | AFP | Getty Images WASHINGTON — A significant group of House Republicans …

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Alibaba to cut 7% of workforce in its cloud unit as it pursues IPO

Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Images Alibaba is cutting 7% of the workforce in its cloud computing division as the unit gears up for an initial public …

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Viktor Orbán of Hungary wants Donald Trump to win

Former US President Donald Trump shakes hands with Hungarian Prime Minister Viktor Orban. Mark Wilson | Getty Images News | Getty Images Hungary’s nationalist Prime Minister Viktor Orban, often a thorn in the side of his country’s EU allies, publicly declared he’ll be backing Donald Trump to win next year’s U.S. …

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JPMorgan agrees to purchase $200 million worth of carbon removal

S3studio | Getty Images News | Getty Images JPMorgan Chase announced on Tuesday that it has agreed to spend more than $200 million on a combination of carbon removal technologies. The spending will be allocated to long-term agreements to remove and store the equivalent of 800,000 metric tons of carbon …

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Turkish nationalist candidate’s support for Erdogan spells peril for opposition

ATA Alliance Presidential candidate Sinan Ogan announced that he will support the Presidential candidate of the People’s Alliance, Recep Tayyip Erdogan, in the second round to be held on May 28 on May 22 2023 in Ankara, Turkiye. Yavuz Ozden | Dia Images | Getty Images News | Getty Images …

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Why the 50-30-20 budgeting rule is out of reach for most Americans

An often-forgotten tenet of personal finance is that it’s, well, personal. Because your financial situation isn’t the same as your friends’ or neighbors’, the advice you follow will generally be different too. Still, some recommendations make sense for a lot of people, such as gravitating toward funds with low fees …

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