Microsoft layoffs could affect 4% of its workforce next week

Microsoft is expected to lay off up to 2.5% of its workforce as early as next week.  The cuts, which could affect 5,000 employees, may impact sales, consulting and the Xbox gaming unit, according to a report from Business Insider Tuesday. The layoffs would mark the latest round of restructuring in…

Tesla posts record Q2 deliveries, beating Wall Street expectations

Tesla reported strong second-quarter deliveries Thursday, blowing past Wall Street expectations as a rebound in Europe helped fuel hopes that the electric vehicle maker can return to annual growth. The Austin, Texas-based company delivered 480,126 vehicles from April through June, a record for the second quarter, up about 25% from…

Trump Accounts to offer Vanguard, iShares and State Street index ETFs

The Treasury Department on Wednesday announced the lineup of investment funds that will be available in Trump Accounts for families to choose from in the months ahead as they use the accounts to invest in their children’s futures. When the program officially launches on July 4, all contributions to Trump…

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Apple raises iPad and MacBook prices due to rising memory chip costs

Apple on Thursday announced that it raised prices on its iPad and MacBook devices because of rising memory and chip costs amid the rapid buildout of the AI industry. The tech giant excluded its primary cash cow, the iPhone, from the price hikes but will raise prices on the other…

How buy now, payer later apps could be crushing your credit

Small, everyday purchases like a meal from DoorDash are now able to be financed through eat now, pay later options — a practice that some experts deem “predatory.” “You’ve got to have enough sense to not follow the urge to finance a taco, okay? You have got to be an…

Leaving your home to your heirs could cause a headache

Americans have trillions of dollars of wealth locked up in their homes, and passing it on at death can get messy quickly. The typical way of outlining who should get the house in a will can cause delays after death—so much so that most states have set up a new…

What the Trump tax bill means for your wallet

President Donald Trump’s “big, beautiful bill” cleared the House and is making its way through the Senate.  Still, critics point out the bill, which is over 1,000 pages, will add trillions to what is already ballooning government debt hovering at $36 trillion and deficits. However, U.S. Treasury Secretary Scott Bessent…

Retirement account balances dip in Q1 2025 as savings rates hit record high

Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement, according to new data from Fidelity Investments.  The financial services company analyzed more than 50 million retirement accounts, finding that the average balances of 401(k), IRA and 403(b)…

Personal finance expert tackles ‘widespread’ financial misconceptions

Managing one’s finances can be challenging, especially when faced with conflicting — and often wrong — information fed to people, especially on social media.  Buying into common misconceptions surrounding money can be harmful, putting someone on their back foot when it comes to financial health. Jonathan Kim, a personal finance expert…

Personal finance expert tackles ‘widespread’ financial misconceptions

How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight. That figure has gone down compared to the roughly half who tackled…

Study reveals retirement costs without Social Security across states

Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before leaving the workforce.  How much money a person needs to have saved to retire without financial stress is an important consideration in the retirement preparation process, and…