Posts

Federal Reserve Chair Jerome Powell gave his insights during a speech today at the Jackson Hole Economic Symposium as to where interest rates are going and what’s driving the current state of inflation. By Georgina Tzanetos See: Why Inflation’s 6% Cost-of-Living Increase to Social Security Could Be a Double-Edged Sword Find: What You Need To Understand About the Relationship Between Inflation and a Rising Minimum Wage Powell’s address largely focused on inflation as a “cause of concern” but maintained the Fed’s overall stance that inflationary pressures have been a result of the ongoing economic recovery in his virtual remarks during the annual symposium....

Crypto is crashing, the stock market’s tanking, and today is Friday the 13th, but some good luck has to be heading our way soon, right? If not, at least the weekend is here. Before you enjoy it, take some time to catch up on the big financial stories of the day. By Gary Dudak The Big Lead: Musk’s Twitter Deal on Hold? Not so fast on that Elon Musk-Twitter deal, folks....

Fresh out of bankruptcy, Hertz announced today it has acquired 100,000 Teslas in what represents the largest electric vehicle fleet in North America and one of the largest in the world. By Yaёl Bizouati-Kennedy See: Hertz Stock (HTZZ) — Is It a Good Buy Right Now?Find: Tesla Beats Third Quarter Estimates, Despite Chip Shortage Challenges Tesla’s stock soared on the news in pre-market this morning and was up 4.3% midmorning. Last week, the company reported its third-quarter earnings, exceeding analysts’ expectations....

Home Depot goes the extra mile to ensure its doors are open during the holiday season so customers can get all their shopping done. However, like many other retailers, Home Depot stores do close on some holidays. This means that you will have to do all your holiday shopping the day before or after — if not well ahead of time. By Lydia Kibet Christmas Hours Holiday Hours Return Policy Read: If Your Credit Score is Under 740, Make These 4 Moves Now...

With “Dear Evan Hansen” in theaters this week, expect star Ben Platt’s net worth to continue rising. Right now, Celebrity Net Worth reports the actor is worth $3 million. That may sound like a lot to people outside the entertainment industry, but when you consider that “Dear Evan Hansen” earned more than $1 million per week on Broadway and grossed $40 million in its first eight months, it puts the leading actor’s earnings into perspective....

Aspiring dabblers in bitcoin and other digital currencies must first learn how to buy and sell crypto. You can’t head down to the bank to pick up the latest hot crypto coin; nor can you walk up to a traditional ATM and use a credit or bank card to get some bitcoin or ethereum. By Thomas Streissguth Steps To Get Started How To Auto-Invest Risks of Bitcoin Of course, with new money comes new methods....

Convincing a teenager to start saving for retirement can be difficult. After all, teenagers are notorious for living in the moment and figuring that life will just take care of itself as they live it. But it’s imperative that parents convey the importance of saving early so that they can benefit from the so-called “eighth wonder of the world,” compound interest. So, how should you go about doing it? Here are a few suggestions that may resonate with your teenager....

The term “hedge fund” gets thrown around a lot in the investing world. But what is a hedge fund, how do they work, and how can you invest in one? Here’s what you need to know. By Karen Doyle About Hedge Funds How It Works Hedge Fund Strategies Who Can Invest What Is a Hedge Fund? Hedge funds are investment vehicles like mutual funds, in which the money from a group of investors is pooled to purchase securities....

The moment your child is ready to go off to college is a big, exciting and also nerve-wracking time in a family’s life. By Jordan Rosenfeld Dive In: 9 Bills You Should Never Put on AutopayCash App Borrow: How To Borrow Money on Cash App While most families want their children to go to college, parents and kids may come to conflict over different aspects of the process — a student might want to go out of state, while the parents want them to stay in state....

New year, new you, new job (evidently). According to a poll from Monster.com, nearly all Americans (96%) are looking or plan to look for a job in 2023. By Nicole Spector Job seekers know to be on their best behavior and to avoid certain crucial mistakes when applying and during job interviews, be they over zoom or in person. However, what they may be less aware of is hiring managers and other executives working hard not to show any flaws....

Couponing isn’t new, but it’s gaining more traction recently. Inflation has turned regular trips to the grocery store into scavenger hunts for the best deals and savings one can find. Shoppers are flocking to big box stores with rewards programs and smartphone apps that make finding savings that much easier. By Ashleigh Ray More: 10 Things You Should Always Buy at WalmartCash App Borrow: How To Borrow Money on Cash App...

On the heels of last year’s newly redesigned Social Security Statement, which makes it easier for people to plan for retirement and see the benefits they will receive from social security, the Social Security Administration recently issued a new supplemental fact sheet. Titled, “Supplemental Security Income (SSI) and Other Benefits: Information for People with Limited Earnings,” the document provides information for those who may need additional benefits either before or during retirement....

When the U.S. government disbursed more than $850 billion in stimulus checks to Americans during the pandemic, the extra money helped lift 11.7 million people out of poverty, according to the U.S. Census Bureau’s supplemental poverty measure. The national poverty rate fell from 11.8% to 9.1%, the Census Bureau reported. By Dawn Allcot 2022 Stimulus Checks: Is Your State Giving Out Money This Year?Find: Consumer Price Index Shows March Inflation at 8....

Tax season starts on Jan. 24 and eligible parents can expect the remainder of their enhanced child tax credit with their return. However, parents and caregivers may see an even bigger tax break this year. By Josephine Nesbit See: Taxes 2022: Should You File Early This Year? Find: Taxes 2022: Are Face Masks and Hand Sanitizer Deductible? You may be able to claim the child and dependent care credit if you paid for the care of qualifying individuals so that you and your spouse (if filing jointly) could work or actively search for a job, according to the IRS....

Gas prices have declined, but filling up at the pumps will still set you back a hefty sum. When it comes to steep gas prices, it pays to know where and when to fill up. By David Nadelle Explore: 2023’s Housing Correction Could Be the Largest Since Post-WWIISee: How To Get Free Gift Cards From Your Everyday PurchasesFood Stamps: What Is the Maximum SNAP EBT Benefit for 2023? Luckily, GasBuddy has you covered....

By Cynthia Measom More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Bug Zapper Sale Price: $132.49 This extra-large bug zapper by DynaTrap offers up to one acre of protection from mosquitos, flies, wasps, gnats and other flying insects, and at around $132, it’s a great deal. If you go to the DynaTrap website, you’ll pay at least $179....

Chanel, Balenciaga, Louis Vuitton. These luxury brands speak for themselves. They are not only timeless classics, but they can be a great investment as well. According to The Business Of Fashion, designer bags in particular have been seen to retain their value over time thanks to brand trust and classic styles. By Selena Fragassi See: 9 Bills You Should Never Put on AutopayFind: Looking To Diversify In A Bear Market? Consider These 6 Alternative Investments...

Credit card debt is an unfortunate reality that most Americans live with, but how long it will take to pay off depends. By Nicole Spector Find Out: Why 1 in 5 Americans Are Considering Switching Banks Advice: Get Your Credit Score on Track With These 3 Tips for Success Live Richer Podcast: You Might Be Losing Your Credit Card Reward Points, so Here’s What You Should Do About 26% thought it would take six to 10 years to pay it off or they wouldn’t be able to do it at all, and 64% of those who answered in this way were women....

Women have suffered the most financially during the pandemic, but there are nascent signs the situation is improving. The wage of American women rose and outpaced the wage of men in February, 4.4% to 4.1%, according to the Atlanta Federal Reserve’s wage tracker. This was the sixth straight month women’s wages outpaced men’s, but women working full time still earn 83% of what men make, Barron’s noted. By Yaёl Bizouati-Kennedy See: 5 Financial Issues Only Women FaceFind: 8 Best Careers in Finance for Women...

Tangible assets — like a home, art or precious metals — are great for diversifying an investment portfolio beyond purchasing stocks. Silver, for example, is a tangible asset with intrinsic value and no default or counter-party risk. Although its price fluctuates depending on various factors, this coveted mineral resource is immune to today’s inflation climate. By Daniela Rivera-Herrera Reasons To Invest Buying Silver Best Places To Buy Read on to learn about the best place to buy silver and why you should consider it....