MoneyWatch

Mark Zuckerberg’s net worth has dropped $71 billion this year

The stock market rout of 2022 has reduced the personal worth of plenty of tech billionaires, but none more than Meta CEO Mark Zuckerberg. The founder of the company formerly known as Facebook, Zuckerberg has seen his net worth plummet by nearly $71 billion this year, according to calculations by …

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When is the best time to buy tickets to an NFL game?

With football season kicking off this week, NFL fans will be racing online to buy tickets, often for big bucks. An alternative? Wait until the last minute, when it’s often possible to land tickets for about $40 cheaper than everyone else, a recent analysis found.  Researchers at personal finance website …

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CDC: E. coli sickens 97 people in 6 states; most ate lettuce at a Wendy’s

Consumer Reports is advising people against eating any Wendy’s sandwich or salad with romaine lettuce until more is known about a strain of E. coli that has at sickened 97 people in six states, hospitalizing 43.  The non-profit advocacy group cited its food safety experts in urging a cautious approach …

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Inflation cools as U.S. consumer prices rose 6.3% in July

Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. Consumer prices rose 6.3% in July from a year earlier after posting an annual increase of 6.8% in June, with the latter representing the biggest jump since 1982, the Commerce Department reported …

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Judges who got kickbacks for sending kids to for

Two Pennsylvania judges who orchestrated a scheme to send children to for-profit jails in exchange for kickbacks were ordered to pay more than $200 million to hundreds of children who fell victim to their crimes. U.S. District Judge Christopher Conner awarded $106 million in compensatory damages and $100 million in …

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Feds consider cracking down on tech firms’ data collection

Whether it’s the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies. How that data is being used and protected has led to growing public …

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Inflation slowed in July, showing Fed’s rate hikes are working

Inflation slowed in July as gasoline prices dropped, a sign the Federal Reserve’s efforts to control spiraling prices are taking effect. Consumer prices last month rose 8.5% from the same month a year ago, the Labor Department reported on Wednesday — lower than economists had expected and down from 9.1% …

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College professor suspended over vulgar video quits, settles for $95,000

A Michigan college professor who was suspended in January for making a profanity-filled video to welcome students settled his legal dispute with his university by accepting $95,000 and agreeing to a three-year gag order. As part of the deal, Barry Mehler retired from Ferris State University rather than face possible …

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Used car bubble? Consumers paying $10,000 more than in a “normal” economy.

Consumers are paying $10,000 more for to buy a used car than if the economy were “normal” and older vehicles were following the typical pattern of depreciation, according to a recent study from CoPilot, a car buying app.  The price premium for used cars rose to $10,046 above projected normal …

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