Category: United States

Dear Quentin, I recently read the letter you answered from the person whose contractor used $ 100,000 of their money to pay off a debt. I worked for a company that was similarly ethically challenged, and where I signed a nonsolicitation and confidentiality agreement.  I didn’t realize what I was signing at the time, as […]

State legislatures are taking the lead in regulating artificial intelligence after a quarter-century in which Congress has failed to come up with substantive laws governing tech. The specter of AI and its wide-ranging potential impact on every aspect of life in the U.S. has lawmakers, stung by their failure to police social media and protect […]

More than 800,000 workers across seven states have amassed more than $ 1 billion in retirement savings through state programs that are filling in gaps for workers who don’t have a workplace retirement-savings plan.  Beginning in 2017, states have stepped in to help the millions of workers who lack access to an employer-sponsored retirement plan. […]

The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 — three years of COVID-19 and economic disruption — and 2022 was also a terrible year in terms of stock and bond returns.  At the same time, the government provided unprecedented fiscal support, employment remained strong, the […]

Shares in JD Sports Fashion plummeted 22% on Thursday as the sportswear retailer slashed its guidance, in another sign of a slump in the global sportswear market following Nike’s warning of a drop in consumer spending last month.  JD Sports Fashion JD, -22.32% has cut its profit guidance, citing weaker-than-expected sales during its peak trading […]

GSI Technology Inc. has been awarded a $ 1.1 million contract to develop an artificial-intelligence chip for the U.S. Department of the Air Force, the company announced Wednesday. The chip will be used by the Air Force for in-aircraft search and rescue, object detection, moving-target indication and change detection, GSI GSIT, -4.14% said. The technology […]

Mark Zuckerberg cashed in on his company’s 2023 stock rally in a big way — selling nearly $ 428 million worth of shares in Meta Platforms Inc. over the final two months of the year. The Meta META, -0.53% co-founder and chief executive offloaded just under 1.8 million shares over the course of every trading […]

““The campaign against me was about more than one university and one leader. This was merely a single skirmish in a broader war to unravel public faith in pillars of American society.”” Those are the words of Claudine Gay, who on Tuesday announced her resignation as president of Harvard University, in a New York Times […]

If you’re on Medicare and you’re going to be treated in a hospital, you might want to think twice before checking into one owned by a private-equity fund. There’s a good chance they’re skimping on hygiene and safety in order to squeeze out every nickel of profit. That, at least, is the implication of a […]

U.S. stocks remained lower on Wednesday after minutes from the Federal Reserve’s December meeting showed that policymakers had a high level of uncertainty around their interest-rate projections and did not rule out further rate hikes. How stock indexes are trading The S&P 500 SPX dipped 28 points, or 0.6%, to 4,715. The Dow Jones Industrial […]

A financial backer of the effort to legalize the drug MDMA for therapeutic use sees the potential for “exponential growth” should it win approval from the U.S. Food and Drug Administration, possibly over this summer. MDMA, also known as molly or ecstasy, has already been granted “breakthrough therapy” status with the FDA. Last month, MAPS […]

Dear Quentin, Twenty years ago, my sister’s husband left her. She had two small kids, and lots of debt. I was in the position to loan her money to pay off those debts. Their divorce decree mentioned that each was to pay me back half. Of course, they never did. Fast forward to now. Her […]

Quick facts about Turo The peer-to-peer car-sharing marketplace lets car owners and enthusiasts rent their vehicles to others in the U.S., Canada, Australia, the U.K., and France. Turo’s rental marketplace is safe to use, and listings include everything from luxury sports cars to the latest electric vehicles, SUVs, minivans, vans, cargo vans, and more.  Using Turo is an […]

BrightSpring Health Services has filed for an initial public offering. The home and community-based healthcare services platform didn’t provide details Tuesday on how many shares it would offer, pricing, or estimated net proceeds in its regulatory filing. BrightSpring applied to have its common stock list on the Nasdaq Global Select Market under the ticker BTSG.

Money-management firm Fisher Investments late Tuesday denied a report that it’s in sale talks with private-equity firm Advent International. The Wall Street Journal, citing sources familiar with the matter, reported Tuesday that acquisition talks were underway. No further details were revealed, and the Journal reported that it’s possible no deal will be made, or that […]

Traders kicked off the new year by clinging to expectations for up to seven quarter-point rate cuts from the Federal Reserve this year, or more than twice as many as policymakers have telegraphed. Those expectations have the potential to be readjusted as the result of the minutes from the Fed’s Dec. 12-13 meeting, set for […]

Dear Quentin, I’m in a home-renovation nightmare. My interior designer accepted $ 100,000 in payments for appliances, cabinets, flooring, fixtures and hardware but never paid the vendors for those items. When confronted he broke down in tears, and confessed that he needed to use the money on other business expenses.  Meanwhile, my project is at […]

The Supreme Court may as soon as this week take up a case about former President Donald Trump’s ability to again run for the White House, and decide within days if the current Republican frontrunner is eligible. The high court is poised to hold a regularly scheduled conference day on Friday, giving the justices an […]

Moderna Inc.’s stock soared 10% Tuesday to lead S&P 500 index gainers, after Oppenheimer upgraded the stock to the equivalent of buy and said it expects the biotech to have five products approved by 2026. Analysts led by Hartaj Singh upgraded the stock MRNA, +13.68% to outperform from perform and said it expects it to […]

The first trading day of the New Year looks set to challenge the Santa Rally theory, with Dow futures down over 200 points as bond yields surge. An Apple downgrade may not have helped investor confidence. This week will bring the minutes of the Federal Reserve’s last meeting and important December jobs data. “Data that […]