When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4% withdrawal rule calls for retirees to withdraw that portion…
Editor's Pick
Comcast to bundle Peacock, Netflix and Apple TV+ at a ‘vastly reduced price’
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Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said.…
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services,…
Editor's Pick
Red Lobster closing at least 99 locations as its future comes into question
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At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and…
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Silver lining for consumers: Food price growth has gone flat and other prices are falling
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Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other…
Editor's Pick
Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the…
Editor's Pick
Federal student loans this fall will have the highest interest rate in more than a decade
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The interest rate on many new federal student loans is set to rise to its highest level in more than a decade next year as lenders throughout the economy seek…
Economy
House Republican demands Garland appoint special counsel to investigate Biden over stalled Israel aid
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Rep. Claudia Tenney, R-N.Y., is demanding that Attorney General Merrick Garland appoint a special counsel to investigate President Biden for stalling military aid to Israel. In a letter to Garland…
Economy
Russia’s military claims to have shot down 10 U.S.-supplied missiles over Crimea as Blinken visits Ukraine
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Russia claims its military shot down 10 U.S.-supplied missiles on Wednesday as the United States’ top diplomat is in Ukraine shoring up America’s support for the country. The Russian Defense…
JOHANNESBURG – With two West African countries in the sprawling Sahel region leaning heavily toward Moscow, telling U.S. forces battling Islamist terror activity to get out and letting Russian mercenary…