business news

Inflation boosts average household spending by $433 a month: Moody’s

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month to buy the same goods and services it did a year ago, according to a Moody’s Analytics analysis of October inflation data. While down slightly from …

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Matter will make it easier to build a Google, Amazon or Apple smart home

Soon it will be easier to buy gadgets that work with your smart home. Hispanolistic | E+ | Getty Images Imagine asking Apple’s Siri to turn off your Amazon Fire TV. Thanks to a new standard called Matter, soon most smart home devices from different brands will work together. Matter, backed by the biggest names …

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Buying a new iPhone? Here are new features designed for your security

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters It’s Black Friday and the official start of the holiday shopping season, and there’s a new iPhone 14 for consumers in the market to upgrade their Apple device. …

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Dow rises more than 150 points as Wall Street looks to close out winning week

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the holiday-shortened trading week. The Dow Jones Industrial Average rose 181 points, or 0.53%. The S&P 500 gained 0.06% and the Nasdaq Composite slipped 0.40%, weighed down by shares of Activision Blizzard, which fell more than 4% on news that …

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Inflation is coming down. Here’s what that means for annual pay raises

Fizkes | Istock | Getty Images Inflation and annual pay are not in a one-to-one relationship. That became clear to many workers last year when their annual merit increases in salary and wages were not anywhere near the four-decade highs for inflation. Many employees griped, even if pay was increased by more than what had …

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Warren Buffett explains his $750 million charitable donation on Thanksgiving eve

Warren Buffett Gerard Miller | CNBC Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence as this is his way of giving thanks to his children for their charitable work. “I’ve got a …

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Elon Musk says Twitter will launch ‘Verified’ service next week

Elon Musk Twitter account displayed on a phone screen and Twitter logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 22, 2022. Jakub Porzycki | Nurphoto | Getty Images Elon Musk said in a tweet Friday that Twitter would launch its delayed “Verified” service …

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