First, the good news. The median sales price for residential properties sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to 1.25 million, while the average sales price reached its third-highest on record, a report by property appraiser Miller Samuel Inc. and real-estate brokerage Douglas Elliman said this week….
Starting this month, 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 now earn $ 14 an hour. Meanwhile, non-tipped workers in Washington, DC, started making an hourly wage of 16.10. Oregon workers also…
Several years ago, our father died and left a fully paid house to our mother because he knew she would be needing some financial support in her later years. Unfortunately, a few years ago our older brother tricked our mother into deeding the house to him. Our mother is almost 100 years old, and she…
Employers that insist workers return to the desk five or even four days a week are facing tough resistance. When Goldman Sachs GS, -0.68% CEO David Solomon ordered his bankers to their desks full time, just 505 of his base employees showed up. Subsequently, young bankers were threatening to quit and otherwise complaining on message…
Read More “Opinion: Employers must embrace hybrid work to attract top talent” »
If you’re stressed about what is happening right now in the stock market, there is a better way to invest. This isn’t about guaranteeing you a higher return. (For the record, if anyone guarantees you a higher return, stop reading that article or end that Zoom call). This is about having a plan for how…
On a busy day last year, 61-year-old Neil (not his real name) got a call from a man who called himself “John” and said he was from Apple AAPL, + 1.89% Tech Support. He claimed to have received a report that Neil’s laptop was infected with a virus and offered to fix the security breach…
Read More “Tech support fraud is the biggest scam for people over 60 — red flags to watch for” »
CAMBRIDGE, Mass. (Project Syndicate) – Over the past 2½ years, world oil and gas prices have been subject to demand shocks and supply shocks — and sometimes both simultaneously. The resulting volatility in energy markets is both a reflection and a microcosm of a caring global economy. The price of Brent crude oil BRN00, -8.09%…
Dear Quentin, One of my closest friends from high school is getting married in New Orleans in December. We are 32 now and live in different states, but we keep in touch. I live in Los Angeles and, therefore, I will be traveling cross-country for her December nuptials. I’m not in her bridal party –…
Ever since the Supreme Court ruled against the NCAA in an antitrust case in 1984 and invalidated its national television contracts, college sports programs have been realigning among athletic conferences in search of larger television contracts. Athletic conferences used to be based on geographic proximity and academic affinity. Why, after all, if schools really cared…
Read More “Opinion: Say good-bye to the Power 5; it’s now all Big Ten and SEC” »
In bear markets, winnings tend to go to investors who focus on fundamentals, not fads, and who pick stocks based on traditional business principles rather than the latest experimentation in finance or society. Many stock investors are sidelined today, facing crushing losses in crypto or tech, and a general bruising across equities. They’re confused by…
