Society/Community

HSBC’s gender and Black pay gaps got bigger in 2022

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HSBC’s pay gap for female and Black employees in the UK increased last year, despite a focus on recruiting more senior staff. The UK lender’s average gender pay gap for UK employees in 2022 was 45.2%, according to figures in its annual report, up from 44.9% a year earlier. Meanwhile, the pay differential for Black employees … Read more

I’m 68, my husband is terminally ill, and his $3 million estate will go to his son. I want to spend the rest of my days traveling — will I have enough money?

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Please help me. I am a 68-year-old woman married 17 years to the love of my life. Our finances have always been separate, and I signed a prenuptial agreement acknowledging that his son will inherit his estate held in a living trust (about $3 million). I get our home, and he is leaving me $350,000 … Read more

Chrysler Parent Stellantis to Stop Operations at Jeep Cherokee Factory

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Jeep maker Stellantis STLA -2.70% NV said it would stop operations at a 1,350-employee assembly plant in Illinois, citing the need to control costs in the face of supply-chain disruptions and high expenses associated with moving to electric vehicles. The Netherlands-based global auto maker said Friday that its factory in Belvidere, Ill., which makes the … Read more

Finance workers’ cocaine use surges amid burnout crisis: ‘It’s just going up and up’

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When Jaime Blaustein was interviewed for his first job at Morgan Stanley in 2012, he was hooked on heroin. Blaustein’s drug use had spiralled throughout his university studies as he moved from drinking alcohol and smoking marijuana to using cocaine, crack cocaine and, eventually, heroin. By the time he graduated, despite five attempts at rehab, he was a … Read more

Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

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The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the consumer price index and the personal consumption expenditure price index — the two most important inflation gauges — have a fatal flaw in … Read more

‘I would not have been able to do it without him’: I built a property portfolio with 23 units while we were dating. How much should I give to my fiancé in our prenup?

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I’m about to marry a wonderful man. I built an investment portfolio of 23 units while we were dating. Now we’re questioning how to create a prenuptial agreement. Over the years, I have identified, purchased, and managed a rental-property portfolio across three buildings. These were purchased with my money, and I’m the sole owner on … Read more