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The rollout of funds for the expanded child tax credit began on July 15, with the IRS sending out letters to 36 million families believed to be eligible to receive them. Families can expect the next payment to roll out on Sept. 15. By Georgina Tzanetos See: Will The Child Tax Credit Affect Your 2022 Taxes?Find: Didn’t Get Your Child Tax Credit? Here’s How to Track It Down The letters went out to families who may have been eligible based on information included in either their 2019 or 2020 federal income tax return....

What Is Coinbase? Coinbase is one of the oldest and largest cryptocurrency exchanges in the world, with more than 73 million verified users and 9,000 institutions. The exchange offers over 50 coins in more than 100 countries. Coinbase boasts exciting features for traders and recently launched its initial public offering, which exceeded all expectations. By Scott Jeffries About Coinbase Features Crypto Offerings Fees Best For Security Drawbacks Competitors Who Should Use...

If you missed out on one of summer’s blockbusters, now’s your chance to go and grab the popcorn, as tickets will be particularly cheap on Labor Day weekend. On Sept. 3, movie tickets will be $3 as part of the newly launched “National Cinema Day.” By Yaёl Bizouati-Kennedy See: 10 Items That Are Always Cheaper at Sam’s ClubCash App Borrow: How To Borrow Money on Cash App “After this summer’s record-breaking return to cinemas, we wanted to do something to celebrate moviegoing,” Cinema Foundation president Jackie Brenneman said in the release....

When it comes to filing your tax return, any potential saving tips are welcome. While some tax tricksters spend an inordinate amount of time finding hidden loopholes to save some precious pennies, there are a couple of tips available to all taxpayers in plain sight. For 2021, a charitable tax credit of $300 is available, and the Child Tax Credit is fully refundable for parents. By David Nadelle See: Major Tax Changes for 2022 You Need To KnowFind: IRS Revises Child Tax Credit Guidance: Learn What’s New for 2022 Tax Filing...

Some money advice never changes: Live below your means. Save for a rainy day. Borrow only what you can afford to repay. By Amen Oyiboke See Our List: 100 Most Influential Money ExpertsSmall Business Spotlight 2022: Nominate Your Favorite Small Biz by July 25 But as time goes on, the world evolves and we have to adapt — including how we manage our finances. Here’s how and why money advice has changed over the years, according to financial planning experts....

Talk of a fourth stimulus check — and even recurring monthly stimulus payments — keeps making the rounds in Washington, D.C. and elsewhere, especially since the COVID-19 Delta variant has caused more uncertainty about the American economy. By Vance Cariaga See: Fourth Stimulus Checks Are Coming From These States — Is Yours on the List?Find: Missing a Stimulus Check? Here’s How to Get Your Payment But so far there is no evidence that a fourth check will be coming anytime soon, if ever, and recent developments make the prospect of another check increasingly unlikely....

In a widely anticipated move, and following several countries’ earlier approval, the Food and Drug Administration approved the use of Pfizer and Moderna booster shots today, for certain immunocompromised individuals, specifically, solid organ transplant recipients or those who are diagnosed with conditions that are considered to have an equivalent level of immunocompromise. By Yaёl Bizouati-Kennedy See: Need To Prove You’re Vaccinated? Here’s How To Add Your COVID-19 Card To Your Phone Find: The Best Resources for Financial Help Post-COVID-19...

Federal Reserve Chairman Jerome Powell appeared before the House Financial Services Committee today to testify on monetary policy and the state of the economy. He also spoke on the Fed will release a whitepaper on digital currencies in September. By Yaёl Bizouati-Kennedy See: Fed to Hike Rates Early in 2023, Raises Inflation Projection Find: Fed Behind on Inflation and Risking Recession, International Finance Expert Says Powell, who began his term in 2018, is also facing a re-nomination in 2022 and according to a CNBC Fed Survey in April, 76% of respondents believe President Joe Biden will choose Powell again....

In September 2021, the California-based company Freshworks — which offers management services and IT management products — priced its initial public offering at $36 per share. However, the expected price range for the Freshworks IPO was slightly lower at $34. By Scott Jeffries Effect on Stock Price Why Freshworks Stock Dropped Is It a Good Investment Should You Buy After the IPO, the company had 281.4 million shares remaining, amounting to $10 billion in valuation....

It’s Warren Buffett‘s 92nd birthday, so what better way to celebrate than by catching up on today top financial stories. If you learn enough, who knows? Maybe you can become the next “Oracle of Omaha” (or wherever you’re from). By Gary Dudak The Big Lead: Economists Disagree on Future Inflationary Effects of Student Loan Forgiveness President Biden announced his administration’s much-anticipated plan regarding student loan forgiveness on August 24. However, economists’ views about whether the plan will further exacerbate inflation wildly differ....

One way U.S. lawmakers can avoid a government shutdown is to approve a stopgap bill that would provide funding before it runs out on Dec. 3, but that measure keeps running into roadblocks as members of Congress nitpick over details. By Vance Cariaga See: Government Shutdown 2021 — What Happens If the Debt Ceiling Isn’t Raised?Find: Yellen Urges Congress To Come to Permanent Debt Ceiling Resolution Before Treasury Money Runs Out...

Although the federal minimum wage hasn’t changed in more than 10 years, smaller-scale changes have persisted throughout this year. Whether it’s cities, states or major employers, there has been much discussion about the minimum wage and changes have followed. By Bob Haegele See: 14 Countries That Have a Higher Minimum Wage Than the USImportant: $1M Is No Longer the Standard Nest Egg – Here’s How Much Most Americans Think You Actually Need To Retire...

Following a slowdown in credit card spending and unsecured personal loans during the COVID-19 pandemic, both are back on the rise in a big way. Bankcard balances in the U.S. hit a record high during the 2022 third quarter, according to a new report from TransUnion. Meanwhile, unsecured personal loans have seen record growth in both originations and balances. By Vance Cariaga See: The Ugly Side of Buy Now, Pay Later as Gen Z Falls Into Vicious Cycle of DebtExplore: If Your Credit Score Is Under 740, Make These 4 Moves Now...

Demand for Bitcoin has risen in 2021, according to the new Grayscale Bitcoin Investor study, which shows 55% of those polled started investing in the crypto over the past year. By Yaёl Bizouati-Kennedy See: Cryptocurrency Glossary: Defining the Terms of the Hot Topic Find: Bitcoin Fear and Greed Index: Should Crypto Investors Pay Attention? In fact, the Grayscale Bitcoin Investor study found that the slice of Americans who own bitcoin has increased to 26% in 2021 from 23% in 2020 and most of these investors are “hodling,” with 66% of those who purchased bitcoin more than 12 months ago still owning it today....

Global markets are tumbling today following news of a new COVID variant named B.1.1.529. This new variant has been discovered in South Africa — with other incidental cases having been confirmed in Belgium and elsewhere — and the World Health Organization (WHO) has made a statement on the matter. By Yaёl Bizouati-Kennedy Dr. Maria Van Kerkhove, COVID-19 technical lead at the WHO, said scientists will convene today to discuss the new variant, according to a tweet....

There’s been good news upon good news for pharmaceutical company Pfizer, whose COVID-19 vaccine, co-developed with BioNTech, was recommended yesterday for use in 12-to-15-year-olds. On the heels of that announcement, the U.S. Centers for Disease Control and Prevention also said that both Moderna and Pfizer vaccines continue to be “more than 90% effective, based on various studies,” CNN reports. By Dawn Allcot See: 5 Fascinating Facts About Pfizer Find: $1400 Stimulus May Be on the Way — This Time from Your State...

“FinTok,” or the segment of Chinese social media app TikTok that focuses on personal finance, has been on the rise since before the pandemic. Filled with self-proclaimed finance experts – with varying degrees of knowledge and credentials – TikTok has emerged as a place for younger generations to learn about investing, particularly in crypto and meme stocks. But can you trust the advice? By Dawn Allcot See: The Worst Personal Finance Advice on TikTok (and Why It’s Wrong) Find: Should You Trust Money Advice on TikTok?...

New Year’s Eve falls on Friday, Dec. 31 — a day people typically like to take off early to start welcoming 2022. But if those employees work on Wall Street, they should plan on working regular hours. By Jami Farkas Is The Stock Market Open NYE 2022 Stock Market Holidays Are Bond Markets Closed NYE Is the Stock Market Open on New Year’s Eve? Yes. The New York Stock Exchange is open for a full trading session on New Year’s Eve, as is the Nasdaq exchange....

The Federal Trade Commission said it is sending thousands of checks totaling more than $822,000 to borrowers who lost money in a student loan debt-relief scam that operated under the name Student Advocates. By Vance Cariaga Learn: How Can I Get My Student Loan Forgiven? PSLF Waivers and MoreSave More: Back-to-School Tips To Help You Cut Costs In an Aug. 18 announcement, the FTC said it will send a total of 14,521 checks to borrowers victimized by the scheme....

The future of student loan debt for millions of Americans hangs in limbo. The Supreme Court will hear arguments in February to decide whether the Biden administration went beyond its authority with its agenda to eliminate billions of dollars in student debt. By Nicole Spector Under the new plan, nearly 26 million borrowers have applied to have some of their student loan debt erased, and the government has approved 16 million applications — but no debt has yet been canceled and the Education Department has put a halt on accepting applications....