2,750 people have more wealth than half the planet: report
Inequality during the pandemic has swelled to the highest level in over a century, new economic data show.
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Inequality during the pandemic has swelled to the highest level in over a century, new economic data show.
The firings are sparking outrage, with some sources noting the company had received $750M in funding days before the layoffs.
The hottest real-estate markets next year are likely to be smaller cities with greater affordability, Realtor.com says.
Job growth fell far short of expectations and represents a sharp slowdown from hiring in October.
As the tight job market continues, some states have experienced an outsized jump in resignations.
New Gallup survey also finds that more Republicans than Democrats are feeling the pinch from higher prices.
Consumer advocates say looser new federal rules could be harmful due to possible privacy violations.
Yet support for vaccine mandates could wane if a court strikes down contested OSHA rule requiring shots or testing.
Investing more in childcare, education and worker training could also boost the job market, Wall Street adviser says.
With rising inflation, many Americans feel bleak about the economy. Here's why Wall Street is shrugging off concerns.
Inflation is also pushing up prices for online shoppers. That's likely to make holiday bargains harder to find.
The federal agency said it is complying with a court ruling that temporarily halts the regulation for big employers.
Worker pay has increased almost 5% during the past year. Yet after the impact of inflation, real wages are down 1.2%.
November 15 is the deadline to register for the monthly advanced payment of the expanded tax credit.
Tesla founder, the world's wealthiest person, sniped at the Vermont senator's push to raise taxes on the wealthy.