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Rolling US tariffs would be 'problematic' for Fed, UBS says
A decision by U.S. President-elect Donald Trump to ramp up tariffs gradually once he takes office would be “problematic” for the Federal Reserve as it battles the last-mile of inflation, according to Arend Kapteyn at UBS AG.
“We think of tariffs as a one-off price level shift and then it goes away a year later, and then provided it’s ...Read more
China discusses sale of TikTok US to Musk as one possible option
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.
Beijing officials strongly prefer that TikTok remains under the ownership of parent ByteDance Ltd., the ...Read more
The reluctant investor's guide to smart, low-effort investing
A calf taught Laura Kuntz the power of investing.
Growing up on a Wisconsin dairy farm, she and her eight siblings each received a heifer when they reached sixth grade. They’d work to reimburse their parents for the price of the animal and to cover costs like lodging and feed, then build up savings from the milk revenue.
“The idea was that...Read more
White House unveils new curbs on exporting Nvidia AI chips
The White House unveiled sweeping new limits on the sale of advanced AI chips by Nvidia Corp. and its peers, leaving the Trump administration to decide how and whether to implement curbs that have encountered fierce industry opposition.
The rules, which are set to take effect in one year, establish caps on the amount of computing power that can...Read more
What are the different types of index funds?
Index funds are one of the most popular types of investments because of their simplicity, low cost and diversification benefits. In general, index funds seek to replicate the performance of an underlying index comprised of stocks or bonds, which means they aren’t managed by costly portfolio managers with teams of analysts.
There are various ...Read more
12 ways to save money every day
Key takeaways
— One of the easiest ways to save money daily is to cut unnecessary expenses, such as unused subscriptions.
— Save money by joining loyalty programs at stores you visit often and using cashback credit cards to earn rewards on your spending.
— Set up automatic bill payments to avoid late fees and switch to a fee-free bank ...Read more
Sonos CEO to step down after disastrous app overhaul
Sonos Chief Executive Patrick Spence is stepping down and leaving the company’s board in a shake-up that comes as the wireless speaker maker tries to win back the trust of its customers.
Last year, the Santa Barbara-based company botched the overhaul of its phone app that customers use to control their speakers and other audio products. The ...Read more
New Jeep, Dodge EVs hit dealers after software-related delays
DETROIT — The first all-electric vehicles from Dodge and Jeep are starting to reach U.S. dealers after the launches of both EVs faced delays to fix software problems, executives with the Stellantis NV brands said.
Around 100 Windsor-built Dodge Charger Daytona muscle cars had arrived at dealers as of Friday, brand CEO Matt McAlear said. Jeep ...Read more
A look at the challenges Philly-area businesses faced in 2024 and what they expect in 2025
Philadelphia-area business leaders' biggest struggles in 2024 were poor sales, a challenging hiring market, and uncertainty about regulations and government policies, a new report from the Chamber of Commerce of Greater Philadelphia says.
For the State of the Economy report, the Federal Reserve Bank of Philadelphia surveyed 69 Chamber members ...Read more
Atlanta inches toward 100% clean energy goal as city girds for Trump
Atlanta Mayor Andre Dickens struck a jovial tone from the podium as he prepared to cut the ribbon on 272 new solar panels on the roof of a fire station at Hartsfield-Jackson International Airport.
The array at Fire Station No. 40 is one of more than three dozen installed across the city that the mayor said are expected to save taxpayers $8 ...Read more
Vanguard takes steps to convince the government it's not too powerful
Vanguard Group's founder, the late John C. Bogle, predicted that a day would come when the Malvern investment giant and its low-fee index funds, after years of trillion-dollar growth, could get too big.
The company's expanded agreement with a U.S. bank regulator not to interfere in corporate decisions — amid mounting claims that Vanguard and ...Read more
Electric car owners don't pay gas tax. Concerned cities facing deficits for road care want that changed
As electric cars get more popular, South Florida cities say they’ll be the ones paying the price.
Westlake Mayor JohnPaul O’Connor has urged the Palm Beach County Legislative Delegation to push for a new state bill to find an alternative to pay for transportation funding as electric cars evade the gas tax, and the idea has the attention of ...Read more
Traders brace for biggest S&P earnings-day reactions ever
Traders are bracing for one of the most volatile earnings periods in stock market history.
At least that’s what they are positioning for two days before big banks kick off the reporting cycle in the U.S. Options traders expect individual stocks in the S&P 500 Index to move 4.7% on average in either direction after reporting their results, the...Read more
Motormouth: 4-wheel-drive dilemma
Q: I drive exclusively on well-paved roads and live where it seldom snows. With 4-wheel-drive vehicles, all four tires, regardless of age, must be replaced if just one is damaged beyond repair. So why would I want to own such a vehicle? This happened to my son's less-than-one-year-old SUV, and it cost him a small fortune. And what do ...Read more
10 apps that will help you save money on food
Food costs represent a significant portion of household budgets, and rising grocery prices make strategic shopping essential. While cutting back isn’t the only solution, smartphone apps can provide substantial grocery savings through cash-back rewards, digital coupons, discounts and loyalty programs.
Here’s a comprehensive guide to 10 ...Read more
'Middle class' feels more confusing than ever. Here's how you can avoid being caught in the middle
Marcos Cabello, a writer at Bankrate, makes around $170,000 a year when combining finances with his fiancee. Unfortunately, that doesn’t go as far as he’d like in pricey Boston.
Cabello and his fiancee consider themselves middle class, but in a city where homes are typically over $1 million, traditional middle-class benchmarks, like ...Read more
David Wilcox: Trump plan to politicize the Fed will spur inflation
Imagine it’s January 2026. Federal Reserve Chair Jerome Powell has resisted President Donald Trump's calls on Truth Social for monetary stimulus, and the rest of the board is backing Powell. Using new powers granted him by a Republican Congress, Trump posts again — this time addressed to the entire board and delivering his "Apprentice"-era ...Read more
Alzheimer's drugs eyed as next big obesity-like opportunity
Investors seeking the next obesity-like market opportunity will be closely watching developments related to treatments for Alzheimer’s disease in 2025.
Companies including Biogen Inc. and Eli Lilly & Co. have spent billions of dollars on developing potential treatments, while others including Novo Nordisk A/S and Roche AG are also ...Read more
12 simple ways to make $100 fast
Whether you’re looking to pay down debt, cover an unexpected expense or just add a little cushion to your bank account, there are numerous ways to make $100 fast. From leveraging your skills to utilizing apps and services, these methods can help you achieve that goal without a major time commitment.
Here are 12 practical ways to earn that ...Read more
Health care AI, intended to save money, turns out to require a lot of expensive humans
Preparing cancer patients for difficult decisions is an oncologist’s job. They don’t always remember to do it, however. At the University of Pennsylvania Health System, doctors are nudged to talk about a patient’s treatment and end-of-life preferences by an artificially intelligent algorithm that predicts the chances of death.
But it’s ...Read more
Popular Stories
- 10 apps that will help you save money on food
- 'Middle class' feels more confusing than ever. Here's how you can avoid being caught in the middle
- Motormouth: 4-wheel-drive dilemma
- David Wilcox: Trump plan to politicize the Fed will spur inflation
- Alzheimer's drugs eyed as next big obesity-like opportunity