It’s World Pasta Day, so feel free to carb up while you catch up on today’s top financial stories. By Gary Dudak The Big Lead: Inflation and Decreased Demand Force Landlords To Drop Rent Prices Rental prices that soared to record highs just a few months ago are now heading in the other direction as inflation, economic uncertainty and falling demand have finally caught up with the market. Read the full story here...
SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert announced a joint plan — Coverage Above and Beyond — to eliminate mobile dead zones, by leveraging SpaceX’s Starlink constellation of satellites in low Earth orbit and T-Mobile’s wireless network. By Yaёl Bizouati-Kennedy The Future of Finances: Gen Z & How They Relate to MoneySave More: Back-to-School Tips To Help You Cut Costs “The important thing about this is that it means there are no dead zones anywhere in the world for your cell phone,” Musk said in a joint statement....
Those who spend enough time trading and reading about stocks will inevitably encounter futures. Put simply, futures are contractual agreements where two parties agree to buy or sell a fixed amount of an asset at a given price. These often involve stocks, but can also deal in commodities such as gold or pork bellies. Movie buffs also might recall the 1983 film “Trading Places” where the revenge plot involved a conspiracy to corner the futures market in frozen concentrated orange juice....
The Biden administration’s federal student loan forgiveness plan left some student loan companies scrambling to land business from the millions of borrowers who could be eligible for up to $20,000 in canceled debt. One of those companies, Navient, is now under scrutiny from lawmakers for what they say are “predatory” practices. By Vance Cariaga Here It Is: Our 2022 Small Business SpotlightSee: 9 Bills You Should Never Put on Autopay...
Those participating in the Supplemental Nutrition Assistance Program (SNAP) will find many items that are eligible for purchase at Costco. All Costco locations accept EBT cards and adhere to the state’s laws on what can be purchased. Even if you don’t have an EBT card specifically, whatever you load your SNAP benefits onto can be used at Costco. Buying at Costco specifically can be beneficial since purchasing items in bulk can save you more money than getting them at the local grocery store....
The rich and famous undoubtedly have every amenity in their mega-mansions. Pools, luxury fixtures and over-the-top finishes, gyms, salons, ballrooms, theaters, ample room for guests and staff — and maybe even a place to land their helicopters. By Jami Farkas History Supreme Eclipse Azzam Solaris Y721 Retirement at Any Age: Get Retirement Tips That Fit Every Stage of LifeThe Future of Finances: Gen Z & How They Relate to Money...
By Dawn Allcot See: 9 Best Small Business Ideas To Make Money From HomeFind: 10 Unexpected Jobs You Can Do From Home Food Service Workers Unionizing Workers at quick-service and fast food chains like Chipotle and McDonald’s are trying to unionize “at an unprecedented pace,” Eater.com reported. While these chains haven’t had success yet, the coffee chain Starbucks has. Workers in more than 100 Starbucks locations across 19 states are already organizing unions....
Traditionally, married people tend to be better off financially than those who are single — and thanks to inflation, this is now more true than ever. By Gabrielle Olya Find Out: Will Student Loan Forgiveness Include Parent Plus Loans?Important: This Credit Score Mistake Could Be Costing Millions of Americans The wealth gap between the two types of households had been steadily increasing even before inflation skyrocketed. In 2010, the median net worth of married couples 25 to 34 years old was four times as much as the median net worth of single households; as of 2019, married couples were worth nine times as much, The Wall Street Journal reported....
A combination of factors — including inflation at 7.9%, a tight labor market and the Great Resignation/Great Reshuffle giving employees more leverage in negotiations — is pushing more Americans to ask for a raise. In addition, the number of quits increased in February with 4.4 million workers voluntarily leaving their jobs, according to the Labor Department, adding further proof of employees’ dissatisfaction. By Yaёl Bizouati-Kennedy See: Should You Be Looking To Make a Career Change in 2022?...
Growing up, we think our parents know everything. They’re the ones to help teach us our biggest life lessons, from how to cure a broken heart to how to drive. But when it comes to money, the times have really changed and the advice they gave you might not make for the smartest financial moves in 2022. By Selena Fragassi Grandparent Scams: How To Protect Older Adults From Being Exploited During the HolidaysLearn: 5 Things You Must Do When Your Savings Reach $50,000...
The winter holidays fall on weekend dates every now and then, and in 2022, we are due. Christmas Eve and Christmas Day are on a Saturday and Sunday, respectively — and because New Year’s Eve and New Year’s Day are exactly one week later, those two holidays fall on a weekend, too. By Selena Fragassi See: How Long $1 Million in Retirement Will Last in Every StateFind: 5 Things You Must Do When Your Savings Reach $50,000...
Home warranties cover major appliances and systems that are not protected by homeowners’ insurance. Unlike your homeowners’ coverage, home warranties are not insurance policies and you’re under no obligation to buy one. By Andrew Lisa But they can be a wise investment because, eventually, every major appliance and system in your house will need to be repaired or replaced — and those are big-ticket items that don’t come cheap. Wealthy Millennials Aren’t Banking on Stocks: Here’s What They’re Investing In InsteadFind Out: Should You Still Buy a Home in Today’s Market?...
A home purchase is an exciting event, but it can also be a stressful one. You can ease the strain by evaluating your finances and aligning your expectations with the realities of your local market. This overview of what you need to know before buying a house will get you started. By Daria Uhlig Credit Score Down Payment and Closing Costs Mortgage Preapproval Buyer’s Agent Ideal Neighborhoods Type of Home Contingencies and Waivers 1....
If you need help from the Social Security Administration on Memorial Day, you’ll need to go online. The agency said in a Twitter post that its offices and telephone lines will be closed this Memorial Day, which falls on Monday, May 30. By Vance Cariaga See: Stimulus Updates To Know for Spring 2022Find: Surprising Things You Can Buy With Food Stamps Memorial Day is one of 11 federal holidays recognized by the SSA....
After two boom years of 2020 and 2021, when the S&P 500 index rallied over 16% and 26%, respectively, the market has taken it on the chin in 2022. The S&P 500 index was down around 10% year to date, as of Aug. 15, and that’s after a relatively significant summer bounce. By John Csiszar See Our List: 100 Most Influential Money Experts Find Out: How Much Cash To Have Stashed at Home at All Times...
2021 was cryptocurrency’s breakout year, as 41% of owners surveyed globally purchased it for the first time in 2021, with inflation being a primary driver for adoption, according to State of U.S. Crypto and Global State of Crypto reports from Gemini. By Yaёl Bizouati-Kennedy See: Bitcoin Bulls Argue for War in Ukraine, Fed Rate Hikes & Inflation — How Will These Events Affect Bitcoin?Find: Can Gold and Bitcoin Coexist in a High-Inflation Environment?...
Just weeks after taking the Hertz rental car company to task for alleged illegal practices, Senator Elizabeth Warren (D-Mass.) and two other legislators have accused financial service provider Intuit of hiring former regulators to defend its popular TurboTax products in a plan to “scam American taxpayers” into paying for services that were advertised as free. By David Nadelle Discover: SNAP Benefits Available in Your State in 2022 More: 10 Best Small-Business Ideas With Low Overhead Costs...
On Nov. 17, Hawaii’s Gov. David Ige signed a fifth emergency proclamation to extend the state’s Emergency Supplemental Nutrition Assistance Program (SNAP) benefits through January 16, 2023. By Nicole Spector Explore: Tennessee Gives Families Extra $500 TANF EBT Benefits For Holiday ExpensesFind: What Is the Maximum SNAP EBT Benefit for 2023? “Food insecurity is just one of the lingering effects of the pandemic, and SNAP benefits provide Hawaiʻi families with nutritious food,” said Gov....
Everything from groceries, gas, airline tickets to even rent is more expensive than it used to be, and many Americans are wondering when prices will return to “normal.” By Mehedi Hasan Shoab Obviously, these are heavily influenced by a number of factors influencing today’s record-high inflation, and there are differing perspectives on how most of them will play out. Inflation, however, has recently been on the decline. According to the latest Consumer Price Index numbers, prices rose 6....
Once you’ve submitted your tax return to the Internal Revenue Service each year, the last thing you probably want to think about is how to store your tax records. But making these arrangements is essential to protect yourself in the event of a future IRS audit. By Michael Keenan See: Why You Should Line Up a Tax Preparer Now — and What Paperwork You’ll NeedFind: Tax Prep 2022: AARP Offers Free Assistance — What Documents Will You Need To Provide?...
