SpaceX employees say Elon Musk’s behavior is a ‘distraction and embarrassment’: report

A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive, Elon Musk. According to the Verge, the publication that first reported on the letter’s existence, employees referred to Musk’s behavior as a “distraction and embarrassment” … Read more

Good news for home buyers? Fannie Mae chief economist says the US housing market has finally turned a corner. Here’s why.

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering … Read more

After stocks plunged this week, here’s how to protect your finances during a period of uncertainty: ‘A hard landing will ultimately be unavoidable’

It’s been a hell of a week on Wall Street. The Dow Jones Industrial Average DJIA, -0.30%, the S&P 500 SPX, -0.57% and the Nasdaq Composite COMP, -1.40% all closed lower Friday after plunging on Thursday, shedding all of Wednesday’s post-Fed rally. The Federal Reserve on Wednesday hiked the benchmark interest rate by 50 basis … Read more

‘She has no ambition’: I make $ 100,000. I’m buying a home before the wedding. My fiancée earns $ 50,000 and has $ 20,000 in student debt. What’s a fair prenup?

I have been in my current relationship for almost three years. I’m a young woman, 41, have a great, stable career and make about $ 100,000 a year. I am ambitious and my prospects have me increasing my income by $ 10,000 every year. I have about $ 140,000 in savings, and no debt. I … Read more

Why the Dow plunged more than 1,000 points? Should I wait for stocks to sink lower? Here’s what some pros think.

What a difference a day makes. Fresh off the best percentage gain for the Dow Jones Industrial Average DJIA, -3.12% since Nov. 9, 2020, the blue-chip index got clobbered, along with the rest of the stock market, including the S&P 500 SPX, -3.56% and the Nasdaq Composite COMP, -4.99%. Not even US Treasurys were safe, … Read more

‘My main aim is to have a net worth of at least $ 100,000’: I’m 29 and live with my mother in an rented mobile home in California. I have a $ 25K emergency fund and $ 26K in a Roth IRA. What should I save for next?

I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on your own in my city, and it also helps relieve a lot of financial stress on my mom … Read more