California’s political leaders, Democrats all, are touting a new state budget that expands spending on services for the state’s poor while building reserves. That’s true, as far as it goes. However, there are some very big caveats in the $213 billion 2019-20 budget, the first by Gov. Gavin Newsom. The...
Facebook Anticipates an FTC Privacy Fine of up to $5 Billion
SAN FRANCISCO — Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy. The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty but noted that...
Twitter Profit Rises as Trump Demands 'Fairer' Social Media
SAN FRANCISCO — Twitter Inc. on Tuesday trumpeted strong quarterly growth in earnings and users while President Donald Trump tweeted criticism of the social media site for allegedly discriminating against him politically. The company said net income for the first three months of the year rose on strong ad demand....
Could You Live on Your Retirement Savings for 23 Years?
Precision isn't always possible when it comes to retirement planning. That doesn't mean you have to wing it and hope your savings don't expire before you do. Looking at the income, living expenses and life spans of today's retirees can help you make the right financial moves so your golden...