Chip supplies plunge amid global shortage, US says

The shortage of semiconductors is continuing to have a major impact on industries around the world.

LG Energy Solution debuts after $13 trillion frenzy in S.Korea's biggest IPO

By Heekyong Yang SEOUL (Reuters) - Shares of battery maker LG Energy Solution Ltd (LGES) debut on Thursday after South Korea's biggest-ever initial public offering (IPO) attracted bids worth $13 trillion, underscoring upbeat prospects for the electric vehicle industry. LGES priced its 12.8 trillion won ($10.7 billion) IPO at the top of the range,...

10 Safe Stocks To Buy Near Retirement

As you approach retirement, you generally want to dial down the risk profile of your portfolio to protect your nest egg from unrecoverable losses. This doesn't mean you should eliminate all equities...

Samsung Elec targets smartphone growth in 2022, sees solid chip demand

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd said it aims to win a bigger share of the smartphone market this year with more 5G-capable models, and pointed to a possible price rebound for its flagship memory chips as early as the first half. The world's largest memory chip and smartphone maker forecast a recovery in gl...

Rude Money Habits You Need To Break Now

Money can be a touchy subject, so how you approach it with others may take some extra thought and consideration. And although everyone has different levels of comfort when it comes to how they...

What it's like digging graves for a living

Mark Sealey, who has been in his job for more than 40 years, describes what the day-to-day involves.

UOB Stash Savings Account — MoneySmart Review 2022

A stash-and-forget account is essentially one that allows you to put aside extra money at a good interest rate. You don't need to do any action except maybe increase your balance month on month. The UOB Stash is one such account. Does it live up to its name as a decent stash-and-forget savings account in Singapore? Let's look at its pros and cons. Note: This article reflects the latest UOB Stash account interest rate changes, as of 1 Jan 2022....

US central bank says rate rise 'appropriate' soon

The US central bank is under pressure to rein in rapid price increases in the US.

45 Jobs That Can Make You a Millionaire Before Retirement

Becoming a millionaire is a dream harbored by many an American, but it's also one that precious few manage to reach in their lifetime. After all, with all of the various costs that come with living...

Exports booming, Taiwan's China Airlines orders 4 more Boeing freighters

TAIPEI (Reuters) - Taiwan's China Airlines Ltd said on Thursday its board had approved the purchase of four more Boeing Co 777F freighters, adding to an earlier order for six of the same model as it steps up capacity to support the island's booming exports. The jets would begin deliveries from 2023, it added in a statement. Three of the six previ...

10 Ways To Lower Your Cost of Living Without Moving

Cost-of-living expenses are the must-haves: the recurring monthly costs that command a big percentage of your overall budget, such as housing, food, transportation and utilities. And sometimes those...

South Korea battery maker jumps in market debut

The firm raised $10.6bn earlier this month, making it the country's biggest stock market offering.

Inflation measure shake-up amid Jack Monroe row

The food poverty campaigner is claiming victory after statistics chiefs pledged to revise their methods.

The Top 3 Ways Retirees Plan to Boost Their Income

Here are the top three ways people plan to add to their stash of cash during their golden years.

Oatly ads banned over 'misleading' green claims

The Advertising Standards Authority has told the oat milk brand to watch its wording on the environment.

Road to net zero will cost trillions, report says

Huge investment in clean energy and agriculture needed to combat climate change, McKinsey says.

Can You Have Too Many Credit Cards in Your Wallet?

The short answer is yes. Here's why, and how to fix the problem if you have too many.

UBS steps up U.S. push with $1.4 billion Wealthfront purchase

By Michael Shields ZURICH (Reuters) - Swiss bank UBS has agreed to buy U.S.-focused automated wealth management provider Wealthfront, which has more than $27 billion in assets under management, in an all-cash deal the two companies said was worth $1.4 billion. The acquisition of Wealthfront, which has more than 470,000 clients in the United State...

Apple to let iPhones accept credit cards without extra hardware - Bloomberg News

(Reuters) - Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. For payments to get accepted on an iPhone, retailers currently use payment terminals to receive money on their i...

Tesla sees Cybertruck production delayed to 2023

(Reuters) - Tesla Inc will delay production of its much-awaited Cybertruck, aiming to start in 2023, the company said on Wednesday, at a time when legacy automakers and startups are doubling down on efforts to capture the lucrative market. The announcement confirms a Reuters report from earlier this month and comes as the electric-vehicle maker r...

4 Things People Say You Need to Give Up to Retire Early

They're wrong. Here's why you don't need to sacrifice everything to retire early.

Rate traders see risk of more than four U.S. Fed hikes this year after hawkish Powell

(Reuters) - Hawkish comments from Federal Reserve Chair Jerome Powell on Wednesday have led short-term interest rate traders to begin pricing for the possibility that the U.S. central bank could raise rates more than four times this year. The Fed signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purc...

Aeromexico to defend restructuring in New York bankruptcy court

By Maria Chutchian (Reuters) - A U.S. bankruptcy court will start considering Grupo Aeromexico SAB de CV's proposed reorganization plan on Thursday, as the Mexican carrier battles junior creditors who say they are being unfairly treated in a hearing likely to stretch over several days. Aeromexico, which filed for Chapter 11 bankruptcy protection ...

20 Most Affordable Places To Live That Have Great Weather, Too

With housing prices on the rise, it might seem like a tall order to find a place to live that has both affordable housing and good weather -- but such places do exist. PropertyShark analyzed U.S....

20 Home Renovations That Will Hurt Your Home’s Value

Just because you see something as an improvement doesn't mean a potential buyer will feel the same way.

Abbott beats profit estimates on strong COVID test demand

(Reuters) -Abbott Laboratories' quarterly profit beat analysts' estimate, aided by robust sales of COVID-19 test kits due to the spread of the Omicron variant and strong demand for its diagnostics products. Abbott said it expects $2.5 billion from COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a...

Singapore hosts third SPAC listing; Novo Tellus-backed firm makes debut

By Anshuman Daga SINGAPORE (Reuters) - Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners listed its special purpose acquisition company (SPAC) in Singapore on Thursday, marking the third such IPO this month as the city-state seeks to become a hub for SPAC listings. The trio of SPAC listings in Singapore comes almost a...

15 Best Work-From-Home Jobs for Retirees

Just because you've retired from your primary career doesn't mean you're finished working. In fact, some retirement advice is to keep working at least part time. Read More: 30 Greatest Threats to Your...

U.S. consumer watchdog ups pressure on banks over fees

By Elizabeth Dilts Marshall NEW YORK (Reuters) - The U.S. consumer watchdog on Wednesday ramped up scrutiny of bank and credit card charges, seeking public comments about various "junk fees" consumers are charged by banks, from overdrafts to late fees. The Consumer Finance Protection Bureau says U.S. banks have grown reliant on overdraft fees, wh...

National Express & Stagecoach merger halted

The Competition and Markets Authority has stopped the £1.9bn proposed merger while it investigates the deal.

How to Pay Off Your Mortgage Early and Save Thousands

What would you give to be out of debt faster? These strategies could make it happen.

New Zealand inflation rate tops three-decade high

In October, New Zealand raised interest rates for the first time in seven years to rein in inflation.

Musk's bets on Tesla: no human drivers this year, robots next

By Hyunjoo Jin and Nivedita Balu (Reuters) - Tesla's most important products this year and next will not be cars, CEO Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot the company expects to help out in the factory. The audacious promises by the best-known billionaire in the electric car industry face ma...

How streaming services left us with too much to watch

Multiple platforms streaming new TV shows and films risk leaving people overwhelmed by choice.

The Top 4 Reasons Workers Are Joining the ‘Great Resignation’

Americans are leaving their jobs in droves. Here are some clues about why they are seeking greener pastures.

Putin talks up energy ties in address to Italy's business elite

By Stephen Jewkes, Crispian Balmer and Vladimir Soldatkin MILAN/MOSCOW (Reuters) - Russian President Vladimir Putin stressed the importance of ties between Russia's energy industry and Italy as he addressed Italian business leaders in a video-conference on Wednesday despite rising tensions over Ukraine. The meeting with top Italian companies, inc...

Face mask changes: 'We hope customers aren't discouraged'

Some small business owners had raised concerns about enforcing mask-wearing.

Train firms use mindfulness to lure commuters back

Free hot drinks and other perks are on offer as train bosses try to get passenger numbers back on track.

Goodbye, Mr. Gradual, Hello Mr. Nimble: Fed Chair Powell tears up rate-hike script

By Ann Saphir and Lindsay Dunsmuir (Reuters) - The watchword the last time Federal Reserve Chair Jerome Powell oversaw a rate-hiking cycle was "gradual." This time will be different. "We are going to need to be, as I’ve mentioned, nimble about this. The economy is quite different this time," Powell said on Wednesday following the Fed's January po...

U.S. economy likely regained steam in Q4, 2021 growth seen best in 37 years

By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to log its best performance in nearly four decades in 2021. Growth last year was fueled by massive fiscal stimulus as well as very low interest ra...

8 Home Maintenance Projects To Tackle This Winter for $1,000 or Less

We often think of spring and summer as the seasons for making home improvements -- think "spring cleaning" or "summer sprucing." More: 13 Tips To Avoid Costly Home Repairs Related:26 Home Makeover...

Pet boom continues to boost Pets at Home sales

The retailer says it had a "record Christmas" which saw it groom 5,500 dogs on Christmas Eve alone.

FAA chief to testify at U.S. House hearing on 5G impact on aviation safety

By David Shepardson WASHINGTON (Reuters) - The head of the Federal Aviation Administration (FAA) is set to testify before a Feb. 3 U.S. House of Representatives hearing on new C-Band 5G deployment and its impact on aviation safety, sources told Reuters on Wednesday. The House Transportation and Infrastructure Committee is expected to hear from FA...

CPF LIFE: The Complete Guide to Payouts, Plans & Minimum Sums in 2022

If you're in your 30s like I am, retiring in Singapore is the stuff of nightmares. By the time our retirement rolls around, the old folks selling cheap hawker food and kopi will be long dead and gone. What will life be like then? And how can we hope to afford it? So it's really important for us to understand CPF LIFE, which is the default retirement plan for Singaporeans. In fact, it's probably the only retirement plan for some people. (Having...

12 Ways to Score Free Stuff on Amazon

Reviews aren't the only way to get free stuff on Amazon. Here's your ticket to products and gift cards.

UK economy set to grow more slowly than forecast

The IMF says the global economy is entering 2022 in a weaker position than previously expected.

Union calls 1% annual pay rise offer for U.S. refinery workers 'ridiculous'

By Erwin Seba HOUSTON (Reuters) -A pay raise offer of 1% a year for workers made by lead oil industry negotiator Marathon Petroleum is "ridiculous," the United Steelworkers union said in a message to members on Wednesday. "We didn't work from home during the pandemic. We showed up and kept our facilities running," the union said in the message, whi...

Jobseekers must widen job search more quickly

Those on Universal Credit must look for work outside their chosen field quicker or face sanctions.

Here’s How Much Jennifer Aniston and Other Actors Get Paid for Their Reruns

For TV's biggest stars, key roles on successful shows mean huge paychecks -- but the payoff doesn't stop there. When shows are syndicated, redistributed, released on DVD, purchased by a streaming...

Supply chain disruption set to continue - report

Global product shortages and shipping disruption show no signs of easing, study finds.