The story goes that baby boomers are going to give tens of trillions of dollars to their heirs over the next few decades. The “generational wealth transfer” has become a media fascination, both for its…
Category:
Business
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Online retailer Zulily is shutting down. Writing on the company’s homepage, an official said Zulily’s leadership had ‘made the difficult but necessary decision to conduct an orderly wind-down of the business to maximize value for…
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An appeals court on Wednesday halted a federal ban on Apple Watch imports that took effect one day earlier. The ban was enacted after the U.S. International Trade Commission ruled that some Apple Watch models…
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Amazon Prime Video viewers seeking to avoid ads during shows and movies will have to pay an extra $2.99 a month starting in late January. The ad-free tier, which will officially roll out Jan. 29,…
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2023 saw workers demand more say over how artificial intelligence reshapes their industries, scoring unprecedented wins from Hollywood to Silicon Valley. But as the technology barrels forward and regulators race to keep up, labor experts…
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The U.S. has officially banned imports of certain Apple Watch models after the Biden administration declined to veto an agency’s decision to restrict the products. The affected watches come with a pulse oximeter feature that…
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New government data showed prices notching a monthly decline for the first time since April 2020, adding to an improving picture on inflation as the new year looms. The Personal Consumption Expenditures Price Index (PCE),…
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Business
Americans ramped up spending during the holidays despite some financial anxiety and higher costs
Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure. Holiday sales from…
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A slowdown — but no recession. That’s the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck…
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Honda is recalling more than 2.5 million vehicles over potentially faulty fuel pumps. In documents posted on the National Highway Traffic Safety Administration’s website, Honda said affected models include 2018 through 2020 editions of some…