A financial crisis may be brewing with Buy Now Pay Later, or BNPL, users, a new survey shows. Not only do shoppers who use the short-term financing tend to borrow and spend a lot, but they’re having difficulty keeping up...
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. Hit by a drought of deals and dwindling...
Foreign holdings of U.S. Treasuries rose in July, data from the Treasury Department showed on Monday, rising for a second straight month despite an uncertain interest rate outlook muddied by a mixed set of economic figures. Total holdings of U.S....
Inheriting money often comes with a mix of emotions – ranging from anxiety and grief to anticipation and gratitude. And sometimes, the suddenness of such an event can make it a challenge to think clearly. As a beneficiary, how should...
The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades. On Wall Street and in Washington, optimism may be building that the Federal Reserve is poised to steer the economy toward a...
Millions of Americans may not have to pay federal student loans anymore. But if you live in a state that has decided to tax forgiveness, you should prepare, experts say. Even though the Supreme Court struck down President Joe Biden’s...
Now that the Biden administration’s plan for student loan forgiveness has been overturned, many borrowers are considering taking matters into their own hands by boycotting payments, according to a recent poll. Sixty-two percent of the 1,000 federal student loan borrowers...
For years now, stock traders have been getting so rich betting big companies will get even bigger that they’ve forgotten what a bubble looks like. They’re going to find out thanks to Nvidia Corp. So says Rob Arnott, renowned for...
Gas prices have been climbing again, hitting the highest level since October 2022, according to motor vehicle club AAA. The national average price for a gallon of unleaded gasoline last week reached $3.87, 31 cents higher than last month and...
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an...
If you're planning to retire in around five years, congratulations! You're approaching an incredible milestone and about to enter a great next stage in your life's journey. Yet as awesome as a well-executed retirement may be, it's certainly a life...
It's better to invest a little for a long time than invest a lot for just a little while. Do you feel like you can't tuck enough money away for retirement right now to actually matter in the future? You're...
There's a storm of private and public debt troubles that's headed for the market. Warning signs have sprung up in rising credit card balances, delinquencies, and other indicators. Here are the signs that the US is dealing with troubles stemming...
It’s crunch time, with only a few weeks remaining before student loan repayments resume. Starting Sept. 1, interest will begin accruing again on those balances, followed by the first debt repayments in October. While those are the most important dates...
Americans think they'll need to save $1.8 million for a comfortable retirement, according to a new survey. But for many of them, that’s just a shot-in-the-dark guess. Many have no idea how much they should save or how to invest...
