The mayor of Dallas is predicting an influx of financial firms relocating to the region from New York City if the Big Apple’s newly inaugurated mayor, Zohran Mamdani, pursues socialist policies in the nation’s leading financial hub. Dallas Mayor Eric Johnson told the New York Post in an exclusive interview that Mamdani’s…
Companies in the private sector added 41,000 jobs in December, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 47,000 jobs. The prior month’s payrolls number was revised to a loss of 29,000 from an initially reported loss of 32,000.”Small establishments recovered from…
A new outlook from Cox Automotive projects that new vehicle sales are expected to slow slightly in 2026 from last year, which surpassed expectations for the industry. Cox Automotive forecasted that the U.S. will see 15.8 million new vehicles sold in 2026, which represents a 2.4% decline from sales levels a…
The Trump administration’s arrest of Venezuelan leader Nicolás Maduro could lead to higher defense spending over the long-term as the U.S. takes a more active role in regional security, according to a research note from Bernstein. Maduro was taken into custody following a special operations raid over the weekend and is…
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Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run. The 95-year-old officially…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms…
Ford Motor Company logged far more recalls in 2025 than any other automaker, according to federal safety data, eclipsing a…
Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted…
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The toppling of Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after…
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Using “buy now, pay later” (BNPL) has become increasingly common in recent years as people look to split up and finance purchases they make. According to Credit Sesame financial analyst Richard Barrington, some key steps people should take as they utilize BNPL include budgeting beforehand, reviewing the terms of the…
The door to more rate cuts could open further soon, according to a Federal Reserve Bank president, but only if economic indicators remain sustainable on their current trajectories. “There was a lot to like in this [consumer price index] report, for sure,” Federal Reserve Bank of Chicago President Austan Goolsbee…
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…
More Americans are considering making financial resolutions as they approach the new year with a focus on short-term savings goals, according to a new study by Fidelity Investments. Fidelity’s annual study found that 64% of respondents are considering a financial resolution for the new year, an increase from 56% last year.It…
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…
A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express concerns about affordability. “We are going to see the biggest refund cycle ever in the history of America, and people…
Retirement remains top of mind for many Americans, whether they are approaching their so-called “golden years” or have many years to go before leaving the workforce. How much money a person needs to have saved to retire without financial stress is an important consideration in the retirement preparation process, and…
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The FICO Score 10 BNPL and FICO Score 10 T BNPL will be the first credit scores from a leading credit scoring provider to…
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…
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