BC-Money & Markets Extra Digest
For the week ending Saturday, Dec. 22, 2018
MONEY MATTERS-MEDICAL BILLS
Relief from medical debt doesn’t top the typical holiday wish list. But help with unexpected medical bills could be a welcome gift for millions of Americans. Here are some tips for helping a loved one with their medical expenses, and potentially lowering your own tax bill along the way.
THE WEEK IN REVIEW
Fed hikes interest rates for fourth time this year; Facebook in new data scandal; Tesla’s Musk shows off tunnel.
Helping to protect your parents from online fraud.
WIRELESS & CASHLESS
Improvements in cameras and other technology have made it cheaper to install scanners that can read fingerprints, faces and irises. Hertz and Delta Air Lines are among the companies adopting the technology as a new form of ID.
SMALL BUSINESS MONITOR
When winter storms prevent staffers from getting to work, owners may wonder if they’re required to pay them. The answer depends on whether the company is open or closed, and whether staffers are salaried or paid by the hour.
Retail developers remain cautious
A decade on since the Great Recession, retailers and mall developers remain cautious about new construction. Rather than open new space, they’re redeveloping existing space, by for example transforming defunct Sears stores into experiential and mixed-use spaces.
Marijuana grower Tilray to develop bud-based drinks with Labatt; Finnish reindeer herders using online trackers to monitor herds; Softbank’s mobile division flops on stock market debut.
OFF THE CHARTS-PURSUED BY A BEAR
The big drops that have hit other major stock indexes have spread to the U.S. over the last few months. For most of this year, investors felt U.S. stocks were a safer choice than stocks elsewhere, but worries about the health of the global economy are growing, and that’s starting to hurt U.S. stocks too.
INSIDER Q&A-DUOLINGO CEO
Duolingo CEO Luis von Ahn talks to The Associated Press about his Guatemalan roots and concerns about educational inequity. The free language-learning app makes more than $40 million a year and boasts 300 million users worldwide.
If you invested $1,000 at the start of this year in various types of stocks, bonds and commodities, how much would you have now?
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