With prominent companies culling workers and cutting pay for new hires, more young workers are reconsidering finance jobs. Tue May 23 2023 07:00:10 GMT-0700 (PDT) Listen to this article 4:37 Follow the authors @misyrlena + Get alerts for Not long ago, tech seemed to promise more than virtually any other industry — more freedom, more perks and, for the lucky ones, more money. That made the calculus for young professionals easy. Forget 100-hour weeks. In tech, employees could work less for the...

US consumers typically pay down balances in the first quarter after splurging during the holidays. But this year more are falling behind on payments. Listen to this article 4:04 Americans are struggling to keep up with their credit-card debt. Consumers typically pay down debt at the beginning of the year after spending big during the holidays. But balances held flat at about $986 billion in the first quarter of 2023, according to a report from the Federal Reserve Bank of New York. It was the...

New Jersey, California and Illinois are also among the places losing residents as lower costs draw people to the Sun Belt. Low taxes and warm weather were once again a draw for Americans in 2022, with Florida and Texas seeing the most migration from other states, according to a report from the National Association of Realtors. And on the flip side, California, New York and Illinois are losing the most people. Americans Fled High-Tax States in 2022 Americans have been leaving high-tax states...

The era of easy returns came to a screeching halt in 2022. Stocks were hammered with the S&P 500 on track for its worst annual performance since 2008, bonds failed to protect anyone’s portfolios, property markets tumbled and crypto crashed, wiping out an estimated $1.5 trillion in market value alone, according to CoinGecko. The turmoil triggered by inflation and rising interest rates sent retail investors scrambling for places to put their money. Cash, it turns out, wasn’t trash, while an...

US home sales plummeted at a record rate in November as high mortgage rates crippled demand. Purchases dropped 35% year-over-year, according to a recent report from Redfin, marking the largest decline since the real estate brokerage started collecting data in 2012. A separate report found sales that of previously owned homes fell for a 10th-straight month in November — the longest string of declines dating back to 1999. The Federal Reserve’s attempts to tamp down inflation this year have...