MoneyWatch

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 …

With inflation cooling, all eyes are on the Fed’s expected rate cuts in 2024. In December 2023, the Consumer Price Index for All Urban Consumersincreased by 3.4% annually, but that’s down considerably from when the inflation rate measured 9.1% in June 2022, according to the Bureau of Labor Statistics. Meanwhile, the Fed has gone from ratcheting up interest rates from …

When it comes to planning for your retirement finances, the focus tends to be on saving and investing — and for good reason. Without enough money put away, it can be tough to cover all of the expenses that arise after you’re done working. And, the type of investing and saving you do can vary depending on your financial goals …

It’s no secret that most people prefer to stay in their own homes as long as possibleas they age. Of course, there’s a place for assisted living communities and nursing homes in society, but if you’re like most, you may be planning to try and avoid them. Then again, aging in place can come with a hefty price tag. The …

There’s no question that it’s important to save money. After all, there’s no way to predict when the next significant emergency expense might arise. And, when it does pop up, your savings will become your financial safety net. Moreover, even foreseeable expenses aren’t always affordable. For example, you may need to save for years to make a down payment on …

When planning your financial future in your 40s, one important part of the process is considering the unexpected, as there are any number of unusual expenses that can arise and cause issues with your budget. That’s precisely why you need an emergency fund that has at least three to six months’ worth of living expenses in it. You never know …

There’s no denying the fact that a higher education can open the door to a higher income. According to the United States Social Security Administration, men with a bachelor’s degree earn about $900,000 more over their lifetime than men with a high school diploma, while women with a bachelor’s degree earn an average of $630,000 more than women with a …