Money and time have a very funny relationship, and by funny, I mean, most people misunderstand it. For example: What’s more valuable to you: $10 today or $20 next month? Next year? The choice to spend or save money is a constant trade-off between having something today vs. having something tomorrow, but [Keep reading]
Executives from Target and Neiman Marcus will face a public grilling on Tuesday as they are scheduled to testify before the Senate Judiciary Committee. I’ll be there, running back and forth between the hearing and a TV camera, where I’ll be translating the corporate-speak we’ll be hearing. Officials from Consumers [Keep reading]
You’ve had this sneaking sensation all along, haven’t you? That those security machines at airports don’t really do any good? That someone might be looking at naked X-rays of you and laughing? That a whole lot of money has been wasted on technology that doesn’t work, and that the best [Keep reading]
With all the stories of major retailers losing millions of credit card account numbers, you are probably scouring your monthly bills looking for fraudulent charges like a $700 plane ticket or $600 television you didn’t buy. That might be a big mistake. One common way credit card hackers steal commit [Keep reading]
The national conversation has begun on the problem of overwork, and even what I call “binge working.” There’s a lot of horribles we all already know about overwork — it hurts relationships, it impairs judgment, and it even (ironically) hurts productivity. Add to that list that it increases your liklihood [Keep reading]
Janet Yellen arguably becomes the most powerful woman in the world on Saturday, when she takes over as “Chairman” of the Federal Reserve. Take five minutes and get to know a little about her. The running joke about economists is that they equivocate on every question, answering always with a [Keep reading]
Add Michaels craft store to the list of retailers who’ve been shamed into admitting that hackers have possibly stolen credit card information from their systems. Here’s a pro tip: hiding this important information from consumers until a journalist finds out about it and tells everyone is bad for business. And [Keep reading]
(So happy to be back on CNBC and NBCNews.com again. I’m scheduled to be on television Friday night — NBC Nightly with Brian Williams — to discuss this story). A toxic combination of digital leashes, the hypnotic effects of technology, economic anxiety, and caffeine is encouraging workers to push [Keep reading]
Neiman Marcus on Thursday released several details about its Target-like credit card hacking incident, including these key points: Hackers had access to their systems from July 16 to Oct. 30. A malicious program attempted to “scrape” payment card information during that time frame Between those two dates, about 1.1 million [Keep reading]
(Editor’s note: Perhaps you saw the recent hubbub over a Princeton study suggesting Facebook will lose 80 percent of its users by 2017, and Facebook’s saracstic response that Princeton will lose half its enrollment by 2018. Here’s one woman’s story that — coincidentally — suggests Princeton may have the better [Keep reading]
Bob Sullivan