Tag Archives: MoneyWatch

The kidnapping of four U.S. citizens who traveled to Mexico last week is putting the spotlight on “medical tourism,” or when people travel to other countries to receive medical care or buy prescription drugs, often at lower prices.  Mexican President Andrés Manuel López Obrador said Monday that the Americans had …

America’s ranks of so-called 401(k) millionaires are diminishing following last year’s stock market rout.  The number of 401(k) accounts with at least $1 million in retirement savings fell 32% last year, to 299,000, from 442,000 in 2021, according to new data from Fidelity Investments.  The shrinking number of 401(k) millionaires …

The founder of the popular Reddit forum WallStreetBets is suing the social media company, alleging he was unfairly banned as moderator of the group and blocked in his efforts to gain a trademark. Jaime Rogozinski is asking that a court grant him ownership of the WallStreetBets trademark, according to a …

Even as the U.S. economy shows signs of slowing down, many states around the U.S. are flush with cash, with their so-called rainy day funds estimated to reach a record high of $136.8 billion this fiscal year.  And lawmakers in more than half of states are responding to their new …

Digital health service GoodRx repeatedly shared sensitive customer information with Facebook, Google and other advertising platforms without its users’ knowledge or consent, the Federal Trade Commission alleged on Wednesday. In doing so, GoodRx allowed those services to tap into sensitive health details about those consumers, according to the complaint. In one case, …

Microsoft is planning to cut thousands of jobs in the latest workforce cull by a major technology company as the economy slows, according to a report. The software company is expected to announce the widespread layoffs in the coming days, Sky News reported on Tuesday. The U.K. media outlet said …

The first legal dispensary for recreational marijuana in New York rung up its first sales on Thursday, opening up what is expected to be one of the country’s most lucrative markets for cannabis — underscored by the dozens of unauthorized shops that have operated in the open for years. The …

General Motors is recalling nearly 140,000 Chevrolet Bolt electric cars in the U.S. and Canada to fix a seat belt problem that can cause fires. The recall covers certain Bolt hatchbacks from the 2017 to 2023 model years, but does not include Bolt utility vehicles or Bolts made for Cruise, …

The percentage of Americans turning to so-called “hardship withdrawals” from their retirement accounts recently hit a record high, according to investment firm Vanguard.  To be sure, the percentage of workers who are using this strategy remains small: Just 0.5% of workers participating in a 401(k) plan took a hardship withdrawal …

California could become the first state to fine big oil companies for making too much money, a reaction to the industry’s supersized profits following a summer of record-high gas prices in the nation’s most populous state. Gov. Gavin Newsom and his Democratic allies in the state Legislature introduced the proposal …