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René Bennett, Bankrate.com

Joint bank accounts allow couples to manage budgets together, monitor spending and save for shared goals. But they aren’t right for every couple. And you don’t have to go with an all-or-nothing approach, either. You can have a joint account without merging all your finances.

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Here’s what you should consider before deciding whether a joint account, separate account, or a blend of both, is right for your relationship.

Banking statistics for couples

• 38 percent of couples in committed relationships use exclusively joint bank accounts.
• More than one-third of couples (34 percent) have a mix of joint and separate bank accounts, while 27 percent have completely separate accounts.
• 40 percent of coupled U.S. adults say they have committed some form of financial infidelity, the most common of which is spending more than their partner would be OK with.

Why have a joint bank account?

Some couples maintain a joint bank account because it may make it easier to track spending and save for shared goals. But don’t set up a joint account simply because it seems like “the thing to do.” This decision should only be made with open communication and a lot of self-reflection. read more

By MICHELLE CHAPMAN, AP Business Writer

Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer health goods company.

Shareholders of Kimberly-Clark will own about 54% of the combined company. Kenvue shareholders will own about 46% in what is one of the largest corporate takeovers this year. The deal must still be approved by the shareholders of both companies.

The combined company will have a huge stable of household brands under one roof, putting Kenvue’s Listerine mouthwash and Band-Aid side-by-side with Kimberly-Clark’s Cottonelle toilet paper, Huggies and Kleenex tissues. It will also generate about $32 billion in annual revenue.

Kenvue has spent a relatively brief period as an independent company, having been spun off by Johnson & Johnson two years ago. J&J first announced in late 2021 that it was splitting its slow-growth consumer health division from the pharmaceutical and medical device divisions. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — More gains for Nvidia, Amazon and other AI superstars propped up Wall Street on Monday.

The S&P 500 rose 0.2% and pulled closer to its all-time high set last week, even though the majority of stocks in the index sank. The Dow Jones Industrial Average dropped 226 points, or 0.5%, and the Nasdaq composite climbed 0.5%.

Nvidia was the strongest force lifting the S&P 500, just like it has been for the year so far. The chip company rose 2.2% to bring its gain for the year to date to 54.1%.

Amazon was the No. 2 force pushing the market higher. It rallied 4% after announcing a $38 billion agreement with OpenAI, which will use Amazon’s cloud computing services to run its AI workloads.

IREN, an AI cloud service provider, jumped 11.5% after Microsoft announced a $9.7 billion contract with it that will give the tech giant access to some of Nvidia’s chips.

Palantir Technologies, which came into the day with a stunning 165% gain for the year so far, rose another 3.3%. Traders pushed the AI darling higher in the final hours before the data platform company reported its latest quarterly results after trading closed for the day. read more

Gerry Goldstein remembers his childhood trips to Royal Castle like yesterday. Burgers at the Miami restaurant chain were only 3 cents each in the 1960s.

After Goldstein and his friends collected glass bottles and got paid for them at the local supermarket, they would rush to Royal Castle.

“We would go through the alleys of construction sites, and turn them in and eat like a king,” said the 73-year-old Goldstein, who grew up on South Beach.

Now, one of his favorite childhood restaurants is gone.

The very last Royal Castle, on Northwest 79th Street and 27th Avenue, had survived for decades after the chain went out of business. A few weeks ago, the owner closed it for good, and hung a “For Lease” sign on the front door.

Goldstein loved Royal Castle so much that he went to the restaurant a couple of times a year for reunions with his old Miami Beach buddies. The school friends will now need to find a new place to gather.

The peak years for Royal Castle

During the 1950s and ‘60s, more than 150 Royal Castle restaurants dotted Florida, Georgia and Louisiana. In South Florida, there seemed to be one in every neighborhood. read more

By Jimmy Jenkins, Jamie Tarabay, Bloomberg News

Recent cyberattacks on public defenders’ offices in multiple Western U.S. states have spotlighted the technological vulnerabilities of an often overlooked but critical part of the U.S. judicial system.

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Public defenders, who represent clients unable to pay for their own lawyers in cases as serious as murder, are a staple of American justice. Many of the offices, which are scattered across the country, house decades of digital client records at any given moment. read more