Weekly Wrap-up

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...

For the first time in more than two decades, cash and other risk-free securities are delivering larger returns than a 60/40 portfolio of stocks and bonds.   The yield on six-month US Treasury bills rose as high as 5.14% Tuesday, the highest since 2007. You can find 1...

Amazon closed a $1.9b deal to acquire OneMedical.  Consumers who buy their books, clothing, electronics, sporting goods, jewelry, groceries (and almost everything else under the sun) will soon be able to get their health care and medications from the mega retailer....

In November, OpenAI launched an intelligent language-generating model called ChatGPT that could answer almost any question coherently and in surprising detail.  It is estimated over 30% of working professionals have tried using ChatGPT at work. If you ask it the right...