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MONEY / FINANCE

Money

Amazon's Bezos moves past Buffett on world's richest list

Money

How pot businesses are getting smoked by high taxes

Money

Report: Cost of groceries in rural Alaska double the national average

Money

Can the stock market predict who will win White House?

Money

Back-to-school deals already? You bet

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  • Money

    Amazon’s Bezos moves past Buffett on world’s richest list

    by Associated Press on Jul 22, 8:54

    A rough day on Wall Street for Warren Buffett means Amazon’s Jeff Bezos is now the third richest person in the world. Bloomberg’s billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company, Berkshire Hathaway. Bezos lost $136 million, but at the end of the day […]

  • Money

    How pot businesses are getting smoked by high taxes

    by Jonathan Berr / MoneyWatch on Jul 13, 12:35

    The legalized marijuana industry may generate better revenue per square foot than some traditional retailers. Profits, though, are another story. Operators in the $7.1 billion dollar cannabis industry, such as Colorado-based LivWell Enlightened Health and California’s Harborside Health Center, are prohibited under the federal tax code from deducting expenses that other types of businesses can use, such […]

  • Money

    Report: Cost of groceries in rural Alaska double the national average

    by Sierra Starks on Jul 12, 16:27

    One week of groceries in Cordova is almost two times the national average, according to a new economic trends report released by the Department of Labor. The survey, conducted by the University of Alaska Fairbanks Cooperative Extension Service, includes about 20 communities around the state. Sandpoint, Alaska – a remote island community in the Aleutians — topped […]

  • Money

    Can the stock market predict who will win White House?

    by Gene Marcial / MoneyWatch on Jul 11, 8:14

    The big question among investors these days is not about Brexit or U.S. interest rates or the price of gold. It’s about how the stock market will behave as the presidential election approaches. It’s no stretch to imagine that investors are getting edgy, considering the unprecedented political events we’ve all witnessed leading up the major […]

  • Money

    Back-to-school deals already? You bet

    by Jonathan Berr / MoneyWatch on Jul 08, 11:03

    School may be the last thing on the minds of American kids during summer vacation, but retailers are busy gearing up for the back-to-school season, traditionally the second-busiest time of the year for the industry after the December holidays. They have no choice, given changes in shopping habits in recent years. According to a recent […]

  • Money

    GCI reaches $2.4M settlement with FCC over Alaska 911 outages

    by KTVA CBS 11 News on Jul 06, 13:16

    Alaska’s largest cable, phone and internet provider has agreed to pay $2.4 million in a settlement with the Federal Communications Commission Enforcement Bureau as a result of 911 service outages which occurred between August 2006 and April 2016. The FCC’s investigation found that at least five separate outages on GCI’s wireless network prohibited customers in Nenana, Fairbanks […]

  • Money

    Volkswagon reaches $14.7B emissions settlement

    by Associated Press on Jun 27, 15:03

    A person briefed on the matter says Volkswagen would repair or buy back polluting vehicles and pay each owner as much $10,000 under a $14.7 billion legal settlement stemming from its emissions-cheating scandal. The person said Monday that the deal sets aside $10 billion to repair or buy back roughly 475,000 polluting Volkswagen vehicles with […]

  • Money

    US stocks, British pound fall further

    by Associated Press on Jun 27, 14:25

    Stocks are closing broadly lower in the U.S. as investors continue to grapple with the fallout of Britain’s vote to leave the European Union. The British pound fell further on Monday as traders expected the British economy to suffer because of the “leave” vote. Also Monday Standard & Poor’s stripped the country of its top-shelf […]

  • Money

    ​If you read ebooks, you may have a payment from Apple

    by Aimee Picchi/CBS News on Jun 21, 14:35

    If you read ebooks, you may have some money waiting for you, courtesy of a $450 million legal settlement from Apple (AAPL). On Tuesday, Apple will start giving credits and sending out checks to millions of ebook consumers, according to law firm Hagens Berman Sobol Shapiro LLP, which worked on the case. As part of the […]

  • Money

    Well-to-do millennials, part of the surprising clientele of dollar stores

    by Aimee Picchi/CBS News on Jun 17, 17:46

    Although dollar stores may offer a bargain, they’re increasingly attracting customers who don’t need to count their pennies. Well-off millennials are turning to dollar stores, attracted by their lower prices and more central urban locations than rivals such as Walmart (WMT) and Target (TGT). Young adults with annual income of at least $100,000 accounted for […]

  • Money

    Home Depot files lawsuit against Visa, MasterCard for lagging security upgrades

    by Associated Press on Jun 15, 6:43

    The Home Depot Inc. says in a new federal lawsuit that Visa and MasterCard are using security measures prone to fraud, putting it and other retailers at risk of hacking attacks by cyber thieves. Atlanta-based Home Depot filed the lawsuit this week in U.S. District Court in Atlanta. Representatives of Visa and MasterCard didn’t immediately […]

  • Money

    Rising home prices lift US wealth, even as stocks fall

    by Christopher S. Rugaber / AP on Jun 09, 10:02

    Americans’ household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices. The Federal Reserve says U.S. household net worth increased 1 percent to $88.1 trillion in the first quarter. Americans’ stock and mutual fund portfolios shrank $160 billion, while home values jumped $498 billion. […]

  • Money

    New fiduciary rules could improve retirement savings

    by Steve Vernon / CBS MoneyWatch on Apr 25, 8:49

    Your retirement savings and lifetime income could increase by thousands of dollars, thanks to the new fiduciary rules released on April 6 by the U.S. Department of Labor. They require a financial adviser to place your interests first when making recommendations for investing your 401(k) accounts or IRA. The rules aim to reduce situations in which advisers […]

  • Money

    Treasury official says Harriet Tubman will go on $20 bill

    by Associated Press on Apr 20, 11:34

    WASHINGTON (AP) — A Treasury official says Secretary Jacob Lew has decided to put Harriet Tubman on the $20 bill, making her the first woman on U.S. paper currency in 100 years. The official, who spoke on condition of anonymity in advance of Lew’s official announcement, says that the 19th century abolitionist and leader of […]

  • Money

    Alaska Airlines ticket scam makes rounds on Facebook

    by Jason Sear on Apr 18, 9:24

    Sorry, Facebook users. It turns out that post from your friend promising two free Alaska Airlines tickets was too good to be true. Last week, a realistic looking coupon began appearing on Facebook promising free tickets in celebration of the company’s merger with Virgin Airlines. The coupon, which had an Alaska Airlines plane, two passports and […]

  • Money

    Fewer Alaskans sign up online for this year’s PFD

    by Associated Press on Apr 01, 12:32

    Fewer people signed up online for this year’s Alaska Permanent Fund dividend and fewer residents have chosen to donate a portion of their payout to charities around the state. For this year’s dividend from Alaska’s oil savings account, 662,046 Alaskans signed up online or by mail by Thursday’s deadline, with online applications down by more […]

  • Money

    ML&P, Chugach Electric push forward with gas field purchase

    by Shannon Ballard on Mar 18, 23:08

    Two Anchorage Electric Companies are working on a deal they say will save their customers millions, but some of their biggest clients don’t see it that way. Chugach Electric association and Municipal Light and Power have teamed up to buy ConocoPhillips’ share of the Beluga River Gas Field, which is located on the west side […]

  • Money

    Appeals court ruling could mean more money for Alaska tip workers

    by KTVA CBS 11 News on Mar 08, 17:35

    A recent ruling from the Ninth U.S. Circuit Court of Appeals could mean more money in the pockets of Alaska servers. The ruling overturned a lower court’s decision that sided with two Lower 48 employers who pooled the tips of their employees. Under the Fair Labor Standards Act of 1938, the employers were allowed to […]

  • Money

    Alaska Airlines applies to begin daily flights to Cuba

    by Associated Press on Mar 02, 14:29

    Alaska Airlines has filed an application seeking approval to begin flights from Los Angeles to Cuba. In its application to the U.S. Department of Transportation, Alaska is requesting to operate two daily nonstop flights to Havana using a Boeing 737, which carries 181 passengers. Alaska Airlines Vice President John Kirby said in a news release […]

  • Money

    US stocks fall for fourth straight day

    by Associated Press on Feb 11, 16:10

    U.S. stocks fell for the fourth day in a row as concerns about global economic weakness intensified, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. Financial stocks fell hardest Thursday as investors worried that interest rates in the U.S. and elsewhere would remain low and sap bank profits. Oil […]