Weekly Wrap-up

Last month, insurance giant State Farm (California’s largest insurer) announced it would not issue any new homeowner policies in that state, citing rapidly growing wildfire risk. Days later, another major insurer, Allstate, stated that it had also stopped...

So, your child has their college degree.  Success! But now what?  This is a tough economy with high inflation.  For recent graduates, some have jobs, some don’t.  Some may be underemployed, working at jobs they don’t particularly like as they begin their career path....

Congratulations!!  Your senior has graduated and will be entering ‘the real world’.  Handling  finances in the real world is very different than handling finances in high school. Once your child graduates, they need to make a plan for their future. For many students...

This week, House Speaker Kevin McCarthy said he’s optimistic congressional negotiators could reach a deal to raise or suspend the debt ceiling ahead of the June 1st deadline. President Biden cut international travel short to engage in these important negotiations. The...

Recently, every Sunday,  Janet Yellen has been on a morning show talking about the debt ceiling. She’s even making rounds with different corporate executives. And every financial newsletter has a section about this big topic. So, what’s going on? And how worried...

More financial tips if you have been or think you will be laid off... Consider health insurance options Being out of work means being cut off from certain benefits, such as health insurance.  If you think a layoff is imminent, you should consider getting a health...

The current economic climate has led to a wave of layoffs across the United States.  Here in the Bay Area, we have seen thousands of layoffs from many firms including (% of workforce) - Meta, Twitter, Salesforce (10%), Splunk (4%), Coinbase (20%), DocuSign (10%), eBay...

Last week, TikTok announced U.S. officials had given its Chinese ownership two options: Sell the app or risk a nationwide ban. Lawmakers questioned TikTok’s chief executive, Shou Chew, about the app’s ties to China.   Some platforms are so powerful, their names are...

The Federal Reserve raised interest rates by 0.25% yesterday and announced they plan only one more rate increase in 2023. This hike has been expected for some time, but has been dramatically impacted by the banking crises that are still unfolding globally. If it...

For the first time in a decade, the US experienced one of the largest failures by a US lender – Silicon Valley Bank.     Today, Treasury Secretary Janet Yellen reacted to the largest failure by a US lender in more than a decade by declaring that the US banking system...