MoneyWatch

Walmart said its store managers can now earn up to $400,000 annually, with the company announcing on Monday that it will give $20,000 in stock grants each year to Supercenter managers. “We ask our managers to own their roles and act like owners — and now, they’ll literally be owners,” said Walmart U.S. CEO John Furner in a video posted …

Major corporations in the media, retail and technology sectors have conducted mass layoffs to trim costs as they invest in AI, and after bulking up workforces during the pandemic. High interest rates are also contributing to layoffs at tech companies, in particular. A number of companies across sectors kicked off 2024 by announcing they are slashing jobs on the heels …

The company behind a global recall of sleep apnea machines said Monday it will stop selling the devices in the U.S., under a tentative agreement with regulators that could cost the manufacturer nearly $400 million. Device maker Philips has recalled more than 5 million pressurized breathing devices due to risks that their internal foam can break down over time, leading …

Toyota is urging the owners of 50,000 older vehicles to stop driving the cars immediately and get their airbags fixed. According to the voluntary recall, the vehicles should not be driven until their faulty airbags have been repaired or replaced. The recall notice, issued on Thursday, covers these models: 2003-2004 Corolla2003-2004 Corolla Matrix2004-2005 RAV4 Because of the age of the …

House hunters frequently consider price per square foot when they’re shopping for real estate because the figure can provide value comparisons with other properties in the same area. But looking at a neighborhood’s average selling price on a square-foot basis can also shed some insight into where America’s priciest and cheapest real estate is located. A new report from home …

Medical innovation is an incredible thing. Thanks to recent advancements on the medical stage, people around the world are living longer now than ever before, according to the World Health Organization. That’s great news, but it does pose some challenges. One of the most significant challenges posed by living longer is an increased risk of needing long-term care later in …

Last spring, amid high (and rising) interest rates, many people turned to savings accounts to help buffer higher borrowing costs. By opening a certificate of deposit (CD) or high-yield savings account, you were likely to earn many times more interest than you would have by simply leaving your money in a regular savings account, the latter of which still comes …

After keeping rates paused since last summer, all eyes will turn to the Federal Reserve this week as they meet for the first time in 2024. On the agenda will be the future of the benchmark interest rate range, which currently sits between 5.25% and 5.50% —the highest it’s been in decades. The Fed had been consistently raising that rate …

While the Federal Reserve wants to see inflation heading toward 2.0%, December 2023 brought an increase of 0.3%, moving the Consumer Price Index (CPI) up to 3.4%. Still, many expect the federal funds rate to stay at 5.33% this month and decrease later this year. But what will that mean for the housing market overall – and prices, in general? …

X has disabled Taylor Swift-related searches on its platform in an attempt to curb the spread of fake pornographic images in the likeness of the singer that began circulating on social media last week. Since last Sunday, searches for “Taylor Swift” on X have returned the error message, “Oops, something went wrong.” X blocked the search term after pledging to …