business news

Inside the $23.5 million house that may break local California record

Inside the $23.5 million house that may break local California record

The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hit the market on May 14, and in doing so become the most expensive home ever up for sale in the town of Encinitas, …

Inside the $23.5 million house that may break local California record Read More »

Uber to cut down on costs, treat hiring as a 'privilege': CEO email

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late …

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email Read More »

Meta is opening a store as VR headset sales inch closer to mainstream

Meta is opening a store as VR headset sales inch closer to mainstream

Katie Contreras and Chris Nguyen, experience experts, stand at the Customer Onboarding station for the Quest Demo space during a preview of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters A good number of teenagers have virtual reality headsets, but have they starting using …

Meta is opening a store as VR headset sales inch closer to mainstream Read More »

Your new 'retirement' home could be a cruise ship

Your new ‘retirement’ home could be a cruise ship

Jeff Farschman, 72, is a serial cruiser from Delaware who spends months at sea in retirement. Jeff Farschman For nearly two decades, Jeff Farschman, 72, has spent his golden years like many other adventurous retirees — enjoying leisure cruises to exotic ports of call. But unlike many of his fellow cruise passengers, Farschman basically lives …

Your new ‘retirement’ home could be a cruise ship Read More »

In Microsoft's Activision deal, a future world is at stake

In Microsoft’s Activision deal, a future world is at stake

A crowd waits for a video presentation at the Activision booth during the Electronic Entertainment Expo, known as E3, in Los Angeles, California. Jonathan Alcorn | Reuters There was some head-scratching across the big tech and gaming worlds in January when Microsoft announced an agreement to buy Activision Blizzard, a leading videogame publisher, for $68.7 …

In Microsoft’s Activision deal, a future world is at stake Read More »

Worried about a recession?  Here's how to prepare your portfolio

Worried about a recession? Here’s how to prepare your portfolio

FGTrade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts. …

Worried about a recession? Here’s how to prepare your portfolio Read More »

Your cash savings may get a higher return but only at certain banks

Your cash savings may get a higher return but only at certain banks

Guido Mieth | Digital Vision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not …

Your cash savings may get a higher return but only at certain banks Read More »

Google raising employee pay in performance review revamp

Google raising employee pay in performance review revamp

Sundar Pichai, Google CEO David Paul Morris | Bloomberg | Getty Images Google is overhauling its performance evaluation process, implementing changes that will result in increased salaries, as the company tries to ease tension between employees and leadership on the issue of compensation. Starting this week, Google is using a new process for performance reviews …

Google raising employee pay in performance review revamp Read More »

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, NY, issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National …

Starbucks accused of more than 200 labor violations in NLRB complaint Read More »