Cooling Stress Tips: How to fill up your emotional bank account
Do you feel anxious when your checking account gets low? Most of us do. Our bank statements and incoming bills can cause a rise in anxiety.But, do you realize your emotional “bank account” can plunge as well? Too much stress, too many problems, too many demands on you can drain the life right out of you.When we’re stressed out, many of us tend to overeat. We might also overspend, watch too much TV, and stay on social media for hours.We’re trying to fill our spirit because the emptiness gets to be too much.That’s why it pays to guard your emotional bank account. How? You’ll need to make some “d...
Tribune News Service
Fiat Chrysler, Peugeot-maker PSA Group set shareholder meetings to approve merger
Shareholders for Fiat Chrysler Automobiles and Peugeot-maker PSA Group are to meet in January to decide whether to approve the proposed merger between the two companies.The companies announced Wednesday they would hold general meetings for their respective shareholders on Jan. 4 “in order to approve the merger of their companies to allow the creation of Stellantis, which will become the world’s fourth largest automobile manufacturer by volume.”Leaders of the companies have previously said they aim to complete the merger by the end of the first quarter.Regulatory approvals have been moving forw...
Detroit Free Press
Nikola, GM stock prices spike on anticipation of partnership news
The stock of both Nikola Corp. and General Motors spiked Wednesday on rumors the two had finally signed a deal in which GM would make the Nikola Badger heavy-duty electric pickup using its Ultium battery technology and be the exclusive supplier of Hydrotec fuel cells for the truck.In return, GM would get an equity stake in Nikola and other benefits of scale to save it billions in costs.Nikola stock closed Wednesday at $25.42, up 15.39%. GM’s stock price closed at $42.72, up 1.76%, after going above $44 just after noon.But both GM and Nikola spokespeople say there is nothing new to report about...
Detroit Free Press
Home Depot boosts worker pay as profits rise
Home Depot is giving raises to frontline and hourly workers that will add $1 billion a year to their paychecks after revenue and profit soared at the giant retailer.Since the pandemic took hold earlier this year, the company has spent $1.7 billion on extra bonuses, paid leave and other benefits. The raises announced Tuesday will replace those programs.“This is a permanent investment and that is different,” Richard McPhail, chief financial officer, told The Atlanta Journal-Constitution on Tuesday. “These are permanent wage increases.”He declined to offer more details, but said that the wage hik...
The Atlanta Journal-Constitution
LIBOR: The Most Important Number in Finance is Going Way
A Q&A with Richard Sandor focused on the impact on consumer finance as LIBOR is going way at the end of 2021.Q3 2020 hedge fund letters, conferences and moreThe Most Important Number in Finance (LIBOR) is Going Way: Here’s why consumers should be paying attentionBy Richard L. SandorNext year the interest rate benchmark known as LIBOR (the London Interbank Offering Rate) will be retired. Trillions of dollars on financial instruments are pegged to this number and the ramifications are significant not just to Wall Street but to Main Street. Here’s why: if you have variable rate loans on your cred...
Bezos Earth Fund gives nearly $800 million to climate groups in first round of grants
SEATTLE — In its first round of grants, the $10 billion Bezos Earth Fund will award $791 million to 16 environmental organizations largely focused on researching and implementing ways to reduce carbon emissions, build green jobs and restore wildlife.The funding round announced Monday was remarkably large for an organization that does not have a website and has not published a list of staff, named a director or released instructions on how to apply for grants.Five big-name environmental nonprofits — the Nature Conservancy, Natural Resources Defense Council, Environmental Defense Fund, World Res...
The Seattle Times
Susan Tompor: Credit card balances drop, giving room for holidays. Here are ways to pay
Many of us won’t be putting airline tickets on our credit card or using plastic to pick up the tab for a big holiday dinner at a fancy restaurant with the extended family. We’re just not looking at that kind of holiday spending in 2020.But consumers, being consumers, are bound to pile on a little debt, as well as a few pounds, from Thanksgiving through the end of December.And the odd nature of 2020 means that many consumers have more wiggle room to use their credit cards to go shopping. The question is: How much will they use credit?Credit card balances are way down from a year ago, thanks to ...
Detroit Free Press
How the pandemic changed home buyer and seller behaviors
The coronavirus pandemic, combined with low interest rates, spurred home buyers and sellers to change how they lived. The pandemic also changed some of their behaviors when they entered the market, according to a report the National Association of Realtors released Wednesday.Those buying homes after the start of the pandemic bought higher priced homes, purchased more often in the suburbs, and planned to spend fewer years in their new homes, according to the association’s nationwide survey of recent home buyers and sellers in July. Those selling early in the pandemic felt more urgency to sell a...
The Philadelphia Inquirer
Easing millennial and Gen Z veterans' path to homeownership, VA-backed loan program sees historic growth: 'They're turning to it in waves.'
Adam Seidler set several goals to hit by the time he turned 30 — start a family, own a home.With the help of a loan from the U.S. Department of Veterans Affairs, he achieved them. This year, he purchased a five-bedroom home for his family in Diamond, Ill.“It was pretty smooth sailing,” he said.Seidler, 30, is one of many millennial veterans capitalizing on their ability to secure a VA Home Loan, a program that started in 1944. Decades later, the initiative has provided the most loans in its history this year, helping more military families buy homes than ever before.“To me, that’s one of the m...
Norwegian Cruise Line reports $677 million 3Q loss as cruises remain canceled
Norwegian Cruise Line Holdings — the third largest cruise company in the world — reported a loss of $677.4 million, or $2.50 per share, during the third quarter of 2020.Cruises on the company’s three brands — Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas — remain canceled in the U.S., the company’s most lucrative market, until at least Jan. 1. Until then, the company expects to have a monthly cash burn rate of $175 million, according to a company financial update Tuesday.The company said bookings for the first half of 2021 are “below historical ranges,” but bookings for the seco...