California plans to send millions of ‘inflation relief’ payments of up to $1,050. Here’s what we know about whether other states will follow

BySophie Tremblay

AscentXmedia / Getty Record high inflation and gas prices have many Americans hoping for financial relief. And in California, that’s exactly what approximately 23 million residents stand to get, thanks to the state’s new budget deal, which is slated to give qualifying taxpayers new direct payments. Democratic California Gov. Gavin Newsom and Democratic legislative leaders…

Electrode maker De Nora ‘not scared’ about volatility as it braves IPO

BySophie Tremblay

De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros…

China cuts quarantine time for international travelers in big step toward easing Covid controls

BySophie Tremblay

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations. Leo Ramirez | Afp | Getty Images BEIJING — China cut the quarantine period for international travelers…

Op-ed: Hiring freezes have started and job losses are coming. Take these 5 steps now to get your finances ready

BySophie Tremblay

In this article NFLX RDFN Holger Scheibe | The Image Bank | Getty Images While “Hiring Now” signs dot storefronts and highways across America, the job market may be starting to cool. The Federal Reserve’s decision to bring down inflation by raising interest rates has some projecting a slowing economy — and slower sales —…

As Klarna and Affirm falter, a new breed of ‘buy now, pay later’ startups are stealing the spotlight

BySophie Tremblay

Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “speculation.” Jakub Porzycki | NurPhoto via Getty Images With hype over the “buy now, pay later” trend fading, some investors are…

Investors could do ‘a lot worse’ than FedEx here, Jim Cramer says

BySophie Tremblay

CNBC’s Jim Cramer on Monday told investors that while the market has yet to overcome the challenges threatening to create a recession, FedEx stock might be able to weather the turbulence. “You might think FedEx would be a helpless victim of high gas prices, potential e-commerce plateau, a [Federal Reserve]-mandated slowdown. That would be wrong….

Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China

BySophie Tremblay

In this article NKE Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the sneaker giant overcame a Covid lockdown in China and tougher climate for…

Stock index futures slip following a losing day Monday

BySophie Tremblay

Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures edged up 0.2% and Nasdaq 100 futures rose 0.3%. The overnight action followed modest losses…

44% of Americans work a side hustle to make ends meet — but it may not be an efficient way to earn more, says expert

BySophie Tremblay

Getty Images Americans are increasingly turning to side hustles to make more money amid economic uncertainty and persistent high inflation. Some 44% of Americans are working at least one extra job to make ends meet each month, according to survey from Insuranks, a small business insurance marketplace. The online survey of more than 1,000 adults…