For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings. For close to a century, putting your savings into a federally insured bank has been a sure thing: If the...
In a society where discussing one’s financial status often remains taboo, understanding where you stand on the wealth spectrum can be intriguing. While most shy away from openly discussing assets, getting a sense of how net worth stacks up against...
The latchkey kids are all grown up. The oldest members of Generation X — that generation born between 1965 and 1980 and known for its irreverence, sarcasm and indifference — are hitting 59½ and eligible to start withdrawing money from...
Federal Reserve Chair Jerome Powell said Tuesday that he is encouraged by cooler inflation but reinforced that the central bank will need to see more evidence before cutting interest rates. The last two inflation readings in April and May “do...
Your net worth is like a scorecard of how you’re doing financially. Consistently moving in a positive direction means you’re making solid progress toward becoming financially independent and toward retirement. Calculating your net worth is simple. You add up all...
This budget strategy gives every dollar you earn a purpose. Budgeting gets a bad rap. But when you start to think about it as a tool you can leverage to meet your financial goals, budgeting can be helpful, exciting —...
Retail sales increased at a slower-than-expected pace in May as high interest rates and inflation continued to weigh on consumers. Retail sales increased 0.1%, less than the 0.3% economists had expected. In April, retail sales ticked down 0.2%, according to...
You’ll want at least enough to cover your monthly bills. But It’s also possible to have too much money sitting in a checking account. It’s a question everybody likely wonders, from the billionaire to the person living paycheck to paycheck:...
Mint, the popular budgeting app, shut down on March 23, 2024. In its initial press release, Intuit — the parent company of Mint — invited Mint users to transition to another Intuit service, Credit Karma. Although Credit Karma offers numerous...
They did everything right — spreading out bets far and wide across bonds and equities in case things went south. Now, after heeding Wall Street’s mantra to diversify for the long haul, these investors are watching with envy as the...
Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia’s market cap soared to $2.69 trillion at the end...
Job openings fell in April to their lowest level since February 2021 as the labor market shows further signs of cooling off from the hiring boom that followed the US economy reopening after the pandemic. New data from the Bureau...
Consumer confidence unexpectedly rose in May, ending three straight months of declines as Americans cheered a resilient labor market. The latest index reading from the Conference Board was 102, above 97.5 in April and higher than the 96 economists surveyed...
Home-price growth in 20 major US cities picked up pace in March, pressuring buyers as the key selling season kicks into gear. Prices in a measure of 20 cities increased 7.4% from a year earlier, larger than the 7.3% annual...
Fixed mortgage rates have dropped for two consecutive weeks, according to Freddie Mac. However, experts have released their latest rate forecasts over the last few days — and despite two weeks of decreases, economists’ longer-term outlooks are becoming less positive....
