consumer services

Good news: These 3 states and 3 cities will increase their minimum wage on July 1. Do you live in one of them?

Good news: These 3 states and 3 cities will increase their minimum wage on July 1. Do you live in one of them?

Starting July 1, workers in several states will be entitled to a higher minimum wage. Thanks to a law enacted three years ago, Connecticut residents who currently make $13 an hour will get a raise to $14. Meanwhile, non-tipped workers in In Washington, D.C., will start making an hourly wage of $16.10. Oregon workers will …

Good news: These 3 states and 3 cities will increase their minimum wage on July 1. Do you live in one of them? Read More »

Here's how you can compound dividend stocks to double the S&P 500's return

Here’s how you can compound dividend stocks to double the S&P 500’s return

Companies announce dividend increases all the time, but here’s one that points to a simple investing strategy that can lower your risk and make you a lot of money over the years. Maybe it isn’t so exciting on the surface: Kroger Co. KR, a supermarket operator, raised its quarterly dividend payout by quite a bit, …

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Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email …

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Warren Buffett’s final charity lunch auction will fetch a record amount -- but who will continue it?

Warren Buffett’s final charity lunch auction will fetch a record amount — but who will continue it?

There may be no such thing as a free lunch, but $1.5 million? That’s the average paid to dine with Warren Buffett in his annual auction to raise money for charity. Bidding for this year’s lunch, which the 91-year-old Buffett says will be his last, ends on June 17. As of June 16, the leading bid on …

Warren Buffett’s final charity lunch auction will fetch a record amount — but who will continue it? Read More »

Housing market is cooling as an estimated 25% of home listings cut their asking prices: 'We’re shifting from a real buying frenzy to much more normal conditions'

Housing market is cooling as an estimated 25% of home listings cut their asking prices: ‘We’re shifting from a real buying frenzy to much more normal conditions’

Home sellers are slashing prices as the housing sector cools, according to a research from a real-estate data firm. More than 25% of homes on the market right now have cut their price, Altos Research found, which is in stark contrast to how prices have been climbing over the last two years.  “Rising rates and …

Housing market is cooling as an estimated 25% of home listings cut their asking prices: ‘We’re shifting from a real buying frenzy to much more normal conditions’ Read More »

U.S. companies are still making billions of dollars in adjustments so that their earnings look better, study finds

U.S. companies are still making billions of dollars in adjustments so that their earnings look better, study finds

U.S. companies continued to adjust their net income numbers in 2021 to exclude billions of dollars worth of items, according to a new report from financial data provider Calcbench. Just a few years after a Securities and Exchange Commission crackdown on the overuse of nonstandard accounting metrics, companies in the S&P 500 index resumed the practice in …

U.S. companies are still making billions of dollars in adjustments so that their earnings look better, study finds Read More »

National averages on gas have reached $5 gallon, AAA and GasBuddy say -- and get ready for the number to keep climbing

National averages on gas have reached $5 gallon, AAA and GasBuddy say — and get ready for the number to keep climbing

Five-dollar gas is here, get used to it. On Sunday, AAA pegged the national average at $5.01 for a gallon of gasoline. The average price is 19 cents higher than it was a week ago, 60 cents higher than a month ago — and just about two dollars more than the $3.07 average a year …

National averages on gas have reached $5 gallon, AAA and GasBuddy say — and get ready for the number to keep climbing Read More »

‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a housing crash

‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a housing crash

The U.S. housing sector is losing steam amid rising interest rates, which are spooking some would-be home buyers, according to various reports. The housing sector’s been red-hot for months amid the two-plus years of the COVID-19 pandemic, with soaring prices leading some economists to express their concern about overvalued markets. But with rates rising, the …

‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a housing crash Read More »

Living to 100? How to create meaningful experiences later in life

Living to 100? How to create meaningful experiences later in life

Walk into any bookstore and take a look at the books on retirement. Money and investments—usually, the lack of both—dominate. With good reason. The latest Schroders 2022 U.S. Retirement Survey reports that working Americans say it will take on average $1.1 million to retire comfortably. Yet only one-quarter of those surveyed expect to reach that …

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'The weight of this debt is crushing': I'm 74, and a retired speech-language pathologist with a student-loan debt of $200K. Am I obliged to pay it off?

Americans tipped less during the pandemic. Is that understandable, or wrong? ‘Waiting tables is so hard on your body, and a lot of people don’t appreciate all of the work that we do’:

I read your article about tipping. I’ve been serving and bartending for almost 16 years now, since I was 18. Waiting tables is so hard on your body, and a lot of people don’t appreciate all of the work that we do. I respect every profession equally, but I feel like so many people look …

Americans tipped less during the pandemic. Is that understandable, or wrong? ‘Waiting tables is so hard on your body, and a lot of people don’t appreciate all of the work that we do’: Read More »