Drug savings in new law aren’t just for seniors and mortgage application activity falls to lowest level since 2000 amid higher rates and recession fears

Hi MarketWatchers. Don’t miss these top stories. My son and his girlfriend want to buy our home and build an ‘in-law suite.’ Should I add him to the deed of our house? ‘Should we put them on the deed and then have them get a home equity loan to build or should we do a … Read more

US Retail Sales Little Changed Last Month as Fuel, Autos Drop

Grocery store sales were up 0.2%, likely reflecting rising food prices rather than a significant uptick in purchasing activity. Data out last week showed the cost of groceries has surged 13.1% in the last year, the most since 1979. Sales at restaurants and bars, the only services’ component in the report, climbed 0.1%, the weakest … Read more

Chinese tech giant posts first ever revenue decline

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the … Read more

Amazon Accuses FTC of Harassing Bezos in ‘Burdensome’ Probe

In a filing made public on Monday, Amazon claimed that FTC staff have made “unduly burdensome” demands as the agency investigates whether the company’s subscription services, including Amazon Prime, violate consumer protection laws. The online retailer is seeking to quash or limit the FTC’s most recent civil investigative demands, which are similar to subpoenas.

Amazon workers at warehouse near Albany file for union election

Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images Amazon workers at a warehouse in upstate New York have filed … Read more

House hunters are ‘enjoying newfound bargaining power’ and fewer younger people say they are investing in the stock market — as inflation eats into their savings

Hi MarketWatchers. Don’t miss these top stories. Fewer younger people say they are investing in the stock market — as inflation eats into their savings The investor pool risks becoming ‘increasingly homogenous’ as more young investors are sidelined, one analyst says. Read More House hunters in the market are ‘enjoying newfound bargaining power,’ Redfin report … Read more

Ratan Tata, 84, Backs Startup That Spells Off Senior Loneliness

Even a small check from Ratan Tata is considered a badge of honor among the country’s fraternity of entrepreneurs. Naidu, a design engineer and an MBA from Cornell University, the alma mater of Ratan Tata, connected with Tata when he sought funding for his first startup, Motopaws, a social enterprise that provided reflective collars for … Read more

Amazon to raise seller fulfillment fees for the holidays

Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images In its latest effort to contend with soaring inflation, Amazon is planning to raise fulfillment fees during the holiday season, passing on some of its increased costs to the millions of merchants who … Read more

How to Identify Music Overheard in Movies, Shows, and Ads

Music is all around us, and if you happen to hear a tune that you like—in an advert, a film, or a prestige television show—then you’re going to want to know what it is. Or perhaps you’ve got something stuck in your head that you need a title for. Thanks to the magic of the … Read more

Andreessen Horowitz to invest in Adam Neumann’s new real estate firm

Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Venture capital firm Andreessen Horowitz announced Monday that it plans to invest in Adam Neumann’s new residential real estate company called Flow. Neumann is the founder and former CEO of the coworking space company WeWork, but he left in 2019 after the company botched its plans … Read more