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Business News

AAA: Motorists continue to see relief at the pump

Staff report Gas prices are 23 cents lower in Northeast Ohio this week at $3.612 per gallon, according to Monday’s AAA East Central’s Gas Price Report. As millions of drivers filled up and hit the road for the long Independence Day weekend, gas prices were the lowest they’ve been in ...

Microsoft cuts 4,800 jobs, including many at Xbox in a ‘reset’

REDMOND, Wash. (AP) — Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to “reset” Xbox as it ...

‘Great Immigrants, Great Americans’

This year’s class of “Great Immigrants, Great Americans” includes Citi CEO Jane Fraser, Pulitzer Prize-winning authors Hernan Diaz and Cristina Rivera Garza, and fashion designer Gabriela Hearst. The newly renamed Andrew Carnegie Foundation announced the honorees Tuesday as immigration ...

The all-you-can-eat buffet is fading. Thanks, COVID.

LAS VEGAS (AP) — On a cool fall evening after the end of World War II, Las Vegas watched “officialdom and ‘cafe society’ turn out for the opening of America’s first all-you-can-eat buffet,” a local paper wrote. It was a big night in a small town that dreamed of hungry visitors. ...

An IRA playbook to build wealth

In the world of financial planning, we often treat retirement accounts as static buckets. But for the savvy investor, an IRA has a life cycle that must evolve as they do. From a teen’s first summer job to a retiree’s final legacy bequest, the optimal way to use these accounts changes based ...

How to talk about money with your kids

NEW YORK (AP) — At the grocery store, Jamie Corum sets a two-minute timer for her 10-year-old daughter to look around. Then she resets it to 10 minutes so her daughter can choose one thing to buy, making sure she considers her budget and how much tax she’ll have to pay. Corum and her wife ...