Tag Archives: MoneyWatch

To understand how unattainable home prices have become for many buyers, look no further than the share of homes across the country worth at least $1 million. Since the start of the pandemic, the share of homes worth $1 million or more has doubled, with a record 1 in 12 …

LeBron James is the latest star athlete to team up with a cryptocurrency company. The Los Angeles Lakers star is joining with Crypto.com to teach children about blockchain technology and what is being called “Web3.” Under the partnership, Crypto.com will work with James’ foundation to offer educational and workforce development …

U.S. corporate profits have never been fatter — or accounted for a bigger portion of economic growth, recent figures released by the U.S. Bureau of Economic Analysis show. Third-quarter after-tax profits made up about 11% of GDP, a measure experts typically use to gauge the nation’s economic health. It’s been …

South Korean electronics giant Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in cars, phones, tablets, video game consoles and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” …

U.S. military families are being socked with annual interest rates sometimes exceeding 200% on pawn loans they’ve taken out from a Texas company, a violation of a federal law that caps how much lenders can charge, a government financial watchdog alleged in a lawsuit Friday.  The Consumer Financial Protection Bureau, …

For the first time, the Food and Drug Administration on Tuesday authorized the selling of an electronic cigarette, saying the vaping device from R.J. Reynolds can help smokers cut back on conventional cigarettes. E-cigarettes have been sold in the U.S. for more than a decade with minimal government oversight or …

One of the most recognized logos around, the recycling symbol, is in line for a major revamp. California recently became the first state to restrict the use of the widely known “chasing arrows” symbol. State lawmakers last week passed a bill that criminalizes putting the symbol on any item that …

Toyota said Thursday it would halt financial contributions to lawmakers who resisted certifying the official results of the 2020 presidential election. The Japanese automaker has faced criticism for offering financial support to members of Congress who questioned the electoral outcome.  Toyota said in a statement that it is “committed to …

The hosts of once popular mobile gaming app HQ Trivia have presented their final round of questions after a proposed acquisition fell through. An unnamed buyer recently pulled out of an agreement to buy the company, co-founder and CEO Rus Yusupov said Tuesday on Twitter. “Friday was a very hard …

As R.E.M. threatens legal action to stop President Donald Trump from playing its classic hit songs at campaign rallies, the iconic band joins other musicians who have objected to their work serving as backdrops for politicians. Legal experts say artists do have a say in how their music is used, …