Investors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn. Such frauds occur when scammers use dating apps, social media platforms, professional networking sites or...
It’s crucial to understand how to file a homeowners insurance claim after a natural disaster. Insured losses alone for Hurricane Helene are now estimated at more than $6 billion. Meanwhile, analysts anticipate that Hurricane Milton could be a “once-in-a-century” storm...
The Federal Reserve’s 50-basis-point interest-rate cut last month was “timely” and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday. “It was timely and consistent” with the Fed’s two mandates of attaining 2% inflation and maximum...
After two and a half years of slogging through higher interest rates in an effort to throttle back inflation, the cycle is reversing. The Federal Reserve lowered its key interest rate by 0.50% at its meeting on Sept. 18. However,...
Whether it’s a small emergency like a flat tire or a major one like traveling to care for an ill family member, life will inevitably throw some financial hurdles your way. Building an emergency fund and setting aside money for...
Eileen Kleinman always thought it was unfair her working as a Cincinnati, Ohio school teacher meant her Social Security would be reduced when she retired. However, that might be changing. Last week, the bipartisan Social Security Fairness Act secured enough...
Mortgage applications have jumped to the highest levels since July 2022, driven by homeowners seeking to refinance their loans as rates drop. Applications to refinance or purchase a home in the week that ended Sept. 20 rose 11% week over...
Stocks finished close to where they started Tuesday as investors expressed uncertainty over the size of the Federal Reserve’s expected rate cut, which is scheduled to be announced Wednesday at the conclusion of the widely anticipated policy meeting. The Dow...
This is the economic U-turn we’ve been waiting for. The Federal Reserve is expected to begin lowering interest rates Wednesday. It’s been a long time coming. After inflation peaked at 9.1% in June 2022, the Fed worked to tame consumer...
Everyone dreams of a comfortable retirement, where you don’t have to stress about running out of money or pinching pennies. The goal is to enjoy your golden years with enough financial security to live the lifestyle you’ve always imagined. Whether...
The Federal Reserve unveiled plans that would massively scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan, warning it could restrict lending and hurt the economy. The...
The Federal Reserve is nearing the end of an era as the central bank looks to cut interest rates for the first time in four years. If the Fed eases monetary policy at its next meeting on Sept. 18 as...
Thursday marks the one-month anniversary of the Aug. 5 “yen shock” — a mini-market panic that quickly spread throughout global markets after beginning in Japan the Monday following the July jobs report. The Nikkei stock index (^N225) hemorrhaged 12% that...
Being a middle-class worker in America is tough, especially when planning for retirement. With inflation eating away at every dollar, nearly half middle-income earners are finding themselves in a bind, cutting back or even stopping their retirement contributions altogether. A...
It’s been the ultimate no-brainer for more than a year: Park your money in super-safe Treasury bills, earn yields of more than 5%, rinse and repeat. Or as billionaire bond investor Jeffrey Gundlach put it last October, “T-bill and chill.”...
