Tag Archives: MoneyWatch

New Twitter alternative, Threads, could rise above Mastodon, Blue Sky

As Twitter faces mounting backlash over its latest policy changes, alternative apps like Blue Sky and Mastodon are standing by to welcome disgruntled users of the Elon Musk-owned blogging platform. Yet while these fledgling communities for now remain bit players on the social scene, Meta’s new Threads app may finally offer …

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Some Fourth of July celebrations are easier to afford in 2023 — here’s where inflation is easing

Americans have been feeling the burn from inflation — but it’s not dampening their celebrations heading into the Fourth of July holiday weekend. Prices have dramatically eased since the soaring inflation this time last year — but it’s still a mixed picnic basket for Independence Day.  Eighty-seven percent of Americans …

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This shade of gray can add $2,500 to the value of your home

If you’re looking to sell your home, do yourself a favor and pick up that paintbrush and say adieu to white walls and vibrant hues. A new study from real estate marketplace Zillow shows that dark gray interiors are in vogue among prospective homebuyers, potentially helping sellers rake in slightly …

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AI eliminated nearly 4,000 jobs in May, report says

For those wondering when AI will start replacing human jobs, the answer is it already has. Artificial intelligence contributed to nearly 4,000 job losses last month, according to data from Challenger, Gray & Christmas, as interest in the rapidly evolving technology’s ability to perform advanced organizational tasks and lighten workloads has …

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Shaquille O’Neal served FTX complaint during broadcast of NBA playoff game

After months of evasion, basketball star Shaquille O’Neal has been served in a case involving collapsed cryptocurrency exchange FTX. The legal documents, served Tuesday, were delivered to the former athlete and current “Inside the NBA” analyst during the broadcast of a Miami Heat-Boston Celtics playoff game in Miami, plaintiffs’ attorney …

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Deutsche Bank to pay $75 million to settle lawsuit by Jeffrey Epstein accusers

Deutsche Bank will pay $75 million to settle a lawsuit claiming that the German bank “knowingly benefited” from Jeffrey Epstein‘s sex trafficking, profiting from doing business with him.  The settlement, announced by lawyers for women who say they were abused by the late financier, is believed to be the largest …

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CNBC anchor departs after she filed sexual harrassment claim on former NBCUniversal chief

CNBC anchor Hadley Gamble will leave the network only weeks after a sexual harassment claim she lodged led to the firing of former NBCUniversal CEO Jeff Shell. A CNBC spokesperson on Wednesday confirmed her pending departure. “Gamble has been a distinguished journalist for more than a decade for CNBC, undertaking …

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Ford lowers price tag for Mach

Ford is cutting U.S. starting prices on its Mustang Mach-E electric SUV, bringing many versions below the cost of its main competitor, the Tesla Model Y. Also on Tuesday, Tesla raised prices by $250 on the Model Y SUV and the Model 3 small sedan, its two top-selling vehicles. The …

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First Republic clients pulled $100 billion in deposits during banking panic

Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis, as fears swirled that it could be the third bank to fail a fter the collapse of Silicon Valley Bank and Signature Bank. San Francisco-based First Republic said Monday that …

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Electric vehicles that qualify for $7,500 tax credit

General Motors, Ford, Stellantis and Tesla are the only four automakers with electric vehicles that qualify for $7,500 in tax credits this year, according to rules released by the U.S. Treasury Department on Monday.  The new tax credits, which last until 2032, were enacted last year in the Inflation Reduction …

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