The Federal Reserve’s decision to raise interest rates last week may mark the first of several hikes aimed at taming stubborn inflation, and one central bank leader weighed in on where inflation may go from here. Federal Reserve Bank of Richmond President Tom Barkin said in a speech before CFA…
Transportation Secretary Sean Duffy said Monday evening that telecommunications lines have been repaired and airport operations across the Northeast are resuming, though travelers should continue to expect delays. “The telecom lines have been repaired, and all airport operations in the Northeast are resuming. It will take some time to clear…
EXCLUSIVE: Whether heading into Chicago or leaving it behind on the Stevenson Expressway, commuters are driving past a new billboard campaign from Florida’s top business lobby. Expanding its multimillion-dollar recruitment campaign into the Midwest, the Florida Chamber of Commerce is launching its next “Free Enterprise” billboard campaign targeting Illinois Gov.…
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 than they received for this year, according to new estimates that follow the release of August inflation data. By law, the annual Social Security COLA is calculated using the Bureau of Labor Statistics’ consumer price index…
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Continental Resources on Wednesday announced that it reached an agreement with Venezuela’s state-owned oil company to develop oil in the…
Ford Motor Company is refreshing its best-selling F-150 pickup for 2027 with hands-free towing technology, updated styling and the first-ever…
Americans’ 401(k) balances reached a record high in the second quarter of 2026, new data shows. The average 401(k) balance…
Ford announced Thursday that it’s planning to expand its manufacturing presence in Kentucky with a $1 billion investment in a…
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European Commission President Ursula von der Leyen on Wednesday proposed opening the door for Canada to become the European Union’s first “associate member,” a significant step that could bring Ottawa substantially closer to the bloc as its trade dispute with the U.S. shows no signs…
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Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement, according to new data from Fidelity Investments. The financial services company analyzed more than 50 million retirement accounts, finding that the average balances of 401(k), IRA and 403(b)…
Managing one’s finances can be challenging, especially when faced with conflicting — and often wrong — information fed to people, especially on social media. Buying into common misconceptions surrounding money can be harmful, putting someone on their back foot when it comes to financial health. Jonathan Kim, a personal finance expert…
How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight. That figure has gone down compared to the roughly half who tackled…
The Treasury Department on Wednesday revealed that it will buy back up as much as $6 billion in longer-dated U.S. debt in an operation this week. The agency’s Bureau of the Fiscal Service announced that it will purchase up to $6 billion in 10-year notes and 20-year bonds in an…
The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an eye-popping figure, Charles Schwab found. The financial services company said in the latest edition of its “Modern Wealth Survey” that Americans now view $2.3 million…
For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just the process. That model worked when markets were simpler, tax laws changed more slowly, statements arrived quarterly and financial decision-making wasn’t so complex. But today, investors are navigating inflation, volatile…
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list of the states with the largest credit score decreases,…
Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning landscapes. Concentrated stock positions can create unwanted risk in investors’ portfolios. Despite the…
As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs) or mutual funds. Both offer a simple way to build a diversified portfolio of stocks or bonds, and at their core, the two investment vehicles are very similar. But key…
You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears. If you’ve ever spotted a charge you didn’t recognize and done nothing about it, here’s what you missed, and what to do next time.What qualifies as a dispute Not every complaint…
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