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News From the Control Tower - 11/17/2022 Thumbnail

News From the Control Tower - 11/17/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       Fading Supply-Chain Problems Signal Season of Plenty for Holiday Shoppers

Revamped logistics strategies and sagging demand mean stocked shelves and lower prices

2.       Starbucks Workers Plan 100-Store Strike on Red Cup Day

Starbucks Corp. baristas seeking union contracts with the coffee chain plan to mount daylong strikes Thursday at more than 100 cafes, saying management has refused to bargain in good faith.

3.       Who Does and Doesn’t Get to Skip RMDs Under the New 10-Year Rule

After the Secure Act, only a few categories of “eligible designated beneficiaries” would still be allowed to use the life expectancy payout method.

4.     Women’s Tennis Stood for Peng Shuai—and Took a Financial Hit That Isn’t Gone

Iga Swiatek had a banner year in 2022, but prize money in the Women’s Tennis Association has dropped since 2019 with its lucrative China event in limbo

5.       Egypt Dims the Lights in Cairo to Free Up More Gas for Europe

The country is cutting back on its domestic energy use so it can sell more gas to Europe and tackle its economic crisis

Bonus:  Marie Kondo Takes On a New Role: Life Coach

Move over, hygge. It’s time for kurashi.