Walgreens may have ‘cried too much last year’ about theft, CFO says
After worries in the retail world about a rise in theft, at least one company — Walgreens Boots Alliance Inc. — said it may have been overreacting. “ ‘Maybe we cried too much last year when we were hitting numbers that were 3.5% of sales.’ ” — James Kehoe, CFO of Walgreens The drugstore chain’s […]
Swiss National Bank estimates it’ll record $143 billion loss
The Swiss National Bank on Monday estimated it will lose 132 billion francs ($143 billion) for 2022, reportedly the largest in its history. The central bank, which unlike most others is an active investor in stock markets, said it’s estimating a 131 billion franc loss on foreign currency positions, and a 1 billion loss on […]
The Dry January question: Would you pay $17 for a cocktail without alcohol?
When diners make their way to Esmé, a Michelin-starred Chicago restaurant known for its fanciful tasting menu, they have the option of pairing their food with an equally fanciful array of cocktails.The drinks range from one called Curried Corn, made with corn stock and an array of spices, to another dubbed Johnny Apple Tea, prepared […]
XPeng stock just misses a record selloff, snaps 5-day win streak
The U.S.-listed shares of XPeng Inc. plunged Friday to snap a five-day win streak, as price cuts by Tesla Inc. in China soured sentiment toward China-based electric vehicle makers. The stock XPEV, -15.04% was down as much as 17.2% at its intraday low of $9.85, before recovering slightly to close down 15.04% at $10.11. It […]
I met my wife in 2019 and we married in 2020. I put her name on the deed of my $998,000 California home. Now I want a divorce. What can I do?
Dear Quentin, I bought my home in California for $520,000 in 2017. It’s now worth $980,000. In 2019, I met my now-wife who moved in at the beginning of 2020. We married six months later in July 2020. Things were going great and we decided to have one bank account. I also added my wife […]
‘He is financially secure and owns two homes’: I finally met the man of my dreams, but he treated our waitress like dirt and tipped her 10%. Am I overreacting?
Dear Quentin, I’ll keep this short, as I don’t take any pleasure in reliving it. I have corresponded with a man for two months on a dating site that shall remain nameless (except to say it starts with T and ends in R). He had a very strong and decisive personality, which I liked, and […]
‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible
Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke.Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not recognize her. He couldn’t remember things, and one side of his body was partially paralyzed. After months of physical and […]
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures. As of Dec. 4, just 44% of […]
Dozens in Congress beat stock market in 2022 despite downturn on Wall Street: analysis
The House truly always wins.More than two dozen members of Congress beat the stock market last year despite Wall Street suffering its worst year since 2008, according to an analysis by a stock-trading site. But there was one notable loser last year: Nancy Pelosi. The former House speaker’s portfolio dropped 19.8% in 2022 — worse […]
Don’t count on the bear market’s winners to fuel the next bull market
It’s too early to know which sector will lead U.S. stocks higher in the next bull market. But it’s not too early to have confidence that what it won’t be is the energy sector. Energy has been the best performer during this bear market. At no time over the last 5+ decades has the same […]