Tuesday, 24 Dec 2024

Business

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Generation X Is Staring Down Retirement, and Student Loan Debt

As Generation X comes within shouting distance of retirement, with its oldest members just four years shy of the age at which they can begin drawing Social Security, the retirement plans of these Americans could be disrupted by debt, especially with the student loan-payment pause coming to an end. Generation X is categorized as those […]

Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent

The News Japan’s economy recorded impressive growth in the second quarter of 2023, government data showed on Tuesday. It’s a promising sign for the country, which had been slower than other wealthy nations to emerge from the Covid doldrums. Economic output in Japan grew by an annualized rate of 6 percent in the second three […]

Kansas Paper Warns Police Not to Review Information on Seized Devices

A lawyer for The Marion County Record, a Kansas newspaper that was raided by the police late last week, demanded that the town’s Police Department not review any information on the devices it seized until a court hearing could be scheduled. The lawyer, Bernard J. Rhodes, said in a letter to Marion’s police chief, Gideon […]

Consider Bonds

Give the stock market half a chance and it will dominate the financial headlines. That was certainly the case for the month of July, with the S&P 500 powering upward and bonds barely treading water. But August has been different, with the stock market hitting a speed bump and the bond market getting attention for […]

Inflation Picks Up, but Details Under the Surface Are Encouraging

Fresh inflation data offered the latest evidence that price increases were meaningfully cooling, good news for consumers and policymakers alike more than a year into the Federal Reserve’s campaign to slow the economy and wrestle cost increases back under control. The Consumer Price Index climbed 3.2 percent in July from a year ago, according to […]

For Disney, Streaming Losses and TV’s Decline Are a One-Two Punch

Robert A. Iger’s urgent need to overhaul Disney — to turn its streaming division into a profitable enterprise and pull back on its troubled traditional television business — came into sharp relief on Wednesday. Disney’s streaming operation lost $512 million in the most-recent quarter, the company said, bringing total streaming losses since 2019, when Disney+ […]

Banks Fined $549 Million Over Use of WhatsApp and Other Messaging Apps

Federal regulators continued their crackdown against employees of Wall Street firms using private messaging apps to communicate, with 11 brokerage firms and investment advisers agreeing Tuesday to pay $549 million in fines. Wells Fargo, BNP Paribas, Société Générale and Bank of Montreal were hit with the biggest penalties by the Securities and Exchange Commission and […]

Automakers Face a Labor Showdown as the E.V. Era Looms

Detroit may be headed for a tumultuous labor showdown. The United Auto Workers union has made a bold opening bid in negotiations for new four-year collective bargaining agreements with General Motors, Ford Motor and Stellantis. Its new president, Shawn Fain, has declared that the 150,000 hourly workers employed by the companies are prepared to strike […]

The Women’s Magazines of 2023 Are in a Facebook Group and Your Inbox

What should a 33-year-old postpartum woman wear to her cousin’s 21st birthday party in New York City? How should a 44-year-old mother of three balance comfort with Eras-Tour-appropriate glitter when she goes to see Taylor Swift? What’s the right makeup brand for a typically barefaced 39-year-old who wants to look dewy in five minutes? These […]

Is Good News Finally Good News Again?

Good news is bad news: It had been the mantra in economic circles ever since inflation took off in early 2021. A strong job market and rapid consumer spending risked fueling further price increases and evoking a more aggressive response from the Federal Reserve. So every positive report was widely interpreted as a negative development. […]