NEW YORK - In a year full of big numbers, with strong gains for stocks and even more fantastic flights for crypto, it was one shrinking number that superseded all. Inflation, the scourge of the global economy, moderated this year. It’s still relatively high, particularly after the many ...
The new year is upon us, and it’s a great time to plan for your financial future. Here are five financial resolutions to consider for 2024. 1. GET A HIGH-INTEREST SAVINGS ACCOUNT Interest rates are still high on savings accounts right now, especially high-yield online savings accounts. Some accounts are offering more than 5% annual percentage yield, which is 10 times more than the national average on savings accounts. Take advantage of this “free” money by opening a new account with a high rate or upgrading your current one. Just make sure you avoid fees as much as possible, and ...
WASHINGTON — Held down by sinking gas prices, U.S. inflation was mostly unchanged last month. But underlying price pressures — from apartment rents, restaurant meals, auto insurance and many other services — remained stubbornly high. Last month’s inflation data arrived just a day before the Federal Reserve will end a two-day policy meeting and announce its latest decisions on interest rates. The Fed is expected on Wednesday to keep its key rate unchanged for the third straight time. Most economists expect the rate of price increases to keep slowing in the coming months. Though ...
NEW YORK - Haven’t ordered any of your holiday gifts yet? Well, you might find solace in discovering some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries. Walmart, Target and Amazon are all-in on the ...
NEW YORK - Regulations are a double-edged sword. They’re created to improve business dealings, discourage unfair or illegal business activity, and protect workers. But, for small business owners, they often mean more red tape, higher costs and possible penalties for failing to comply. “For a small business, you have a higher cost per employee when it comes to complying with regulations than your larger business competitors,” said Tom Sullivan, vice president of small business policy for the U.S. Chamber of Commerce. Heading into 2024, there are several regulations that should ...
Adam Selipsky is shepherding Amazon’s cloud unit at one of the most important moments in tech history. Selipsky, the CEO of the company’s cloud computing unit AWS, has been behind the various generative AI offerings Amazon has rolled out over the past few months as it aims to compete ...
