Clorox shares slide after company says cyberattack hit sales
Clorox disinfecting wipes are seen displayed for sale at a Walmart Supercenter in Austin, Texas, on Sept. 18, 2023 Brandon Bell | Getty Images Shares of Clorox fell more than 5% Thursday, a day after the company said an August cyberattack significantly weighed on sales and profits during the prior quarter. The stock hit a […]
My uncle persuaded my grandmother to cut everyone out of the family trust
My grandfather was a successful investor and knew his children very well — he placed all his assets in a trust upon his and my grandmother’s deaths, to be divided evenly among his three children with specific spending restrictions, but unlimited healthcare-related expenses. Any legal actions to challenge or dispute the trust would disqualify that […]
Mexican tequila and beers Don Julio, Modelo boom in the U.S.
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images People in the U.S. are drinking less alcohol than they used to, but when they do indulge, they’re more likely than ever to opt for a beverage originating from […]
Retirement plans for people who don’t have retirement plans may be coming soon
Today’s magic numbers in retirement news are 48; 19; 121,673; and $211.5 million. Give up? The 48, shockingly, refers to the percentage of working Americans who don’t even get access to a retirement plan, like a 401(k), at their place of employment. How is it any kind of surprise that we are hurtling toward a […]
Lucid’s shares fall after launch of cheaper Air EV
The Lucid Air Pure is the least-expensive version of Lucid’s electric Air luxury sedan. Meghan Reeder | CNBC Shares of Lucid Group fell on Thursday after the company launched a cheaper version of its Air electric luxury sedan in a bid to stoke demand. The stock closed down about 7% on Thursday following the news. […]
Rivian shares sink after EV maker announces $1.5 billion raise
Taylor looks at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Shares of Rivian Automotive fell sharply on Thursday, after the company surprised investors with a plan to offer $1.5 billion in convertible notes. […]
My fiancé, 67, is cutting his children out of his will. Should I be suspicious?
I am a widow and my soon-to-be-husband is a widower. We are both in our 60s. I’m retired, and he plans to work several more years. After an 18-month romance he proposed, and I said yes. He’s anxious to marry this year, and suggests we run off to the courthouse. I’d like a religious celebration, […]
GM’s stock falls amid strikes, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors’ stock price fell below $30 a share during intraday trading Thursday for the first time in more than three years amid ongoing strikes by the United Auto […]
As Treasury yields rise, Wall Street predicts what the Fed will do next
What will happen next to bond yields and interest rates? And how should that influence what investors do with their spare cash? Bond yields began moving higher in earnest early last year in response to a series of interest rate hikes by the Federal Reserve. Earlier this month, the yield on the benchmark 10-year U.S. Treasury note hit […]
Hyundai and Kia adopt Tesla’s electric vehicle charging
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Hyundai Motor and Kia announced Thursday they will soon adopt Tesla’s electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like Ford and General Motors to […]
