Happy Thursday, MarketWatchers! Here are today’s top personal finance stories.
Wages for the 1% just reached their highest level ever
Salaries for the 1% grew nearly four times the rate of those in the bottom 90% of earners.
One political party is getting more love from Amazon workers than ever before
Workers at the online retailer are donating record amounts to politicians.
Half of Americans with this credit card regretted getting one
Some 88% of households with an annual income of $100,000 have had one of these cards.
Mega Millions jackpot nears $1 billion, so what time is the drawing?
Mega Millions jackpot leaps to an estimated $970 million.
Why the poorest Americans are most likely to be prescribed opioids
In the reboot of ‘Roseanne,’ the eponymous matriarch’s death was explained by an opioid overdose.
My wife and her sister bought a house for their mother—then it all went wrong
These two daughters contributed $25,000 each to the down payment.
How to make the best of a bad job you can’t leave
5 ways to help you regain your purpose — or at least your sanity.
Why the U.S. housing recovery is built on quicksand
Weak home sales volume is a serious warning sign, writes Keith Jurow.
The best financial advisers are your guide to more than just money
Industry gury Bob Veres advocates ‘collaborative planning’; fee-only compensation.
People are more generous when they feel like they’re being watched
Giving to charity isn’t always about helping others.
Elsewhere on MarketWatch Mortgage rates retreat, but housing supply crunch won't let up
Rates for home loans edged lower in the most recent week, but a few basis points of financing relief won’t help the housing market as much as fresh inventory would.
Elizabeth Warren says Fed should keep Wells Fargo restrictions in place until CEO Sloan is ousted
The Federal Reserve should keep restrictions on Wells Fargo in place until the bank gets rid of CEO Tim Sloan, Senator Elizabeth Warren said on Thursday in a letter to the central bank.
Voting by blockchain could add new risks to our elections — including making it easier to buy votes
West Virginia is trying blockchain for some voters this November. Here are the risks.
Mnuchin to skip Saudi conference as U.S. weighs more time for Khashoggi probe
U.S. Treasury Secretary Steven Mnuchin said Thursday that he will not participate in a Saudi investment conference scheduled for next week amid mounting concern that Saudi Arabia may be complicit in the disappearance and suspected death of a dissident journalist.
Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere
Don’t get swept up in all the hoopla over Canadian legalization, where a limited market and falling prices may produce big losses.
Here’s why investors are anxious about China’s next move
Weakness in China’s yuan is causing concern among investors haunted by memories from the August 2015 devaluation scare. As the yuan is headed toward 7 per dollar, market participants are trying to anticipate what’s next.
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