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Spotify latest to cut jobs

Music streaming service axes 6% of workforce LONDON (AP) — Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online. As part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote. Big tech ...

Create your retirement glide path

By LIZ WESTON NerdWallet You may be familiar with the term “glide path” as it relates to investing. It refers to the way asset allocation typically gets more conservative as you approach your goal. But you can also set up a glide path to take you into retirement, particularly if you’re getting ready to retire but don’t want to make all the drastic changes associated with leaving the workforce at once. Gliding into retirement may involve making gradual changes to your workload, social networks and outside interests. In investing terms, a “glide path “ describes how a mix ...

Boomers less confident about their retirement, but there is still hope

By Theresa Bedford Wealth of Geeks Between scientists predicting even more COVID-19 variants on the way, inflation concerns, and market uncertainty, baby boomers are concerned about retirement. A recent survey by Personal Capital and Empower found that economic confidence and financial health were down across all age groups in 2021. However, those aged 55-64 were the most financially hurt by COVID-19. Despite declining confidence and financial health, Americans as a group are prioritizing paying off debt, saving for retirement, and losing weight. So, optimism and hope remain ...

Many consumers say tipping getting out of control

NEW YORK (AP) — Across the country, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being asked to leave a gratuity for a muffin or a simple cup of coffee at their neighborhood bakery. What’s next, they wonder — are we going to be tipping our doctors and dentists, too? As more businesses adopt digital payment methods, customers are automatically being prompted to leave a ...

Little Night Owl now open

LEWISTOWN ­— Shawn and Rachel Gisewhite realize not everyone can hit stores during “normal” business hours. That’s why their new convenience store is open Monday through Saturday until midnight and called appropriately enough, The Little Night Owl. “We named it such because one ...

Jobless aid applicants at 4 month low

WASHINGTON (AP) — The number of people seeking unemployment benefits in the U.S. reached a four-month low last week, a sign that employers are holding on to their workers despite the Federal Reserve’s efforts to slow the economy and tamp down inflation. U.S. jobless aid applications for the week ending Jan. 14 fell by 15,000 to 190,000, from 205,000 the week before, the Labor Department said Thursday. The four-week moving average of claims, which can even out the week-to-week volatility, declined by 6,500 to 206,000. Jobless claims generally serve as a proxy for layoffs, which ...