MoneyWatch

Stimulus checks: Some Florida families with kids will get a $450 “inflation relief” check

Some Florida families are set to receive checks of $450 per child to offset the impact of surging inflation and help them afford supplies for the upcoming school year, according to state officials. About 59,000 families will get the checks, which are one-time payments. To be eligible, people must have …

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Netflix chooses Microsoft for its ad

Netflix has picked Microsoft help deliver the commercials in a cheaper version of its video streaming service expected to launch later this year with a pledge to minimize the intrusions into personal privacy that often accompany digital ads. The alliance announced Wednesday marks a major step toward Netflix’s first foray …

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Gun applicants in New York will have to hand over social media accounts

As missed warning signs pile up in investigations of mass killings, New York state is rolling out a novel strategy to screen applicants for gun permits. People seeking to carry concealed handguns will be required to hand over their social media accounts for a review of their “character and conduct.” …

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Job openings fell in May but remained near historic high

U.S. employers advertised fewer jobs in May amid signs that the economy is slowing, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7 million in April. Job openings reached 11.9 million …

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Superyacht seized by U.S. from Russian billionaire arrives in San Diego Bay

A $325 million superyacht seized by the United States from a sanctioned Russian oligarch arrived in San Diego Bay on Monday. The 348-foot-long (106-meter-long) Amadea flew an American flag as it sailed past the retired aircraft carrier USS Midway and under the Coronado Bridge. “After a transpacific journey of over …

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Stocks tumble on recession fears, with the S&P 500 nearing a bear market

Stocks closed lower on Thursday, one day after the Dow Index suffered a 1,100-point rout. Investors remained jittery amid continuing fears that high inflation is chilling consumer spending and crimping corporate profits.  The Dow Jones Industrial Average shed 236 points, or 0.7%, closing at 31,253. The S&P 500 dropped 0.6% …

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Nike accuses StockX of selling counterfeit versions of its shoes

Nike is accusing StockX of selling look-alike versions of its shoes and wants a federal judge to force the online marketplace to remove the alleged knockoffs from its website.  The athletic apparel giant is already in the middle of another legal battle with StockX involving a trademark infringement case filed in New …

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Netflix canceling shows amid rare subscriber slump

Netflix’s shrinking subscriber base and stock price are a reckoning for the company, raising questions about its growth prospects in the increasingly competitive streaming business. “At almost every single impasse they have faced before, the company found a way to safely maneuver before hitting the wall,” MoffettNathanson Research analysts said in …

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How to strategize for retirement as inflation hits 40

Inflation in the U.S. hit a 40-year high in March as consumer prices rose a whopping 8.5% from a year ago. While inflation is usually associated with higher costs for groceries, gas and other living expenses, many Americans might also be wondering: Could inflation also break my nest egg?  For …

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Instagram adds donation button to Reels, turning them into fundraisers

Meta Platforms Inc., the social media giant formerly known as Facebook, is expanding its offering of fundraising tools and making them more easily available to 1.5 million nonprofits on its Facebook and Instagram platforms. Starting Tuesday, Instagram users can attach donation buttons to their Reels, turning the short videos into …

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