The Biden administration aims to ensure that future cars get better gas mileage than earlier models by requiring all new vehicles to average at least 40 miles per gallon starting in 2026. The requirement represents a 53% increase in fuel economy compared to the previous standard. By Vance Cariaga See: 5 Ways To Find Cheaper GasFind: Here’s How Much You’d Save on Gas With a Tesla and Other Electric Cars...
General Motors reported strong second-quarter earnings on Wednesday with a net income of $2.8 billion and raised its full-year profit forecasts. However, the company fell short of Wall Street earnings-per-share and revenue estimates, dragging the stock down 8% in midmorning trading, CNBC reported. By Josephine Nesbit See: 25 Ways the Coronavirus Has Upended the Auto Industry Across the GlobeFind: What the Auto Industry Will Look Like in 2030 GM’s second-quarter earnings were reduced by $1....
Welcome to September, everyone. We’ll be sure to wake up Billie Joe Armstrong when the month ends, but for now we are focused on giving you the lowdown on today’s top financial stories. Rock on. By Gary Dudak The Big Lead: More Americans Are Returning to Work After Retiring During the Pandemic It wasn’t just disenchanted young workers who left jobs during the pandemic and the ensuing “Great Resignation.” Many older employees chose to retire for a host of reasons, too....
It’s World Smile Day, so put on a happy Friday face and check out today’s top financial stories. By Gary Dudak The Big Lead: Medicare 2023 — This Is How Much Each Plan Will Cost You Medicare recipients will get a financial boost in 2023 after the Centers for Medicare and Medicaid Services announced lower premiums across several plans. Read the full story here With only 79 days to go until Christmas, stores of all sizes are ramping up for the holidays by announcing their seasonal employee hiring plans....
If you’ve ever applied for a mortgage or home equity loan, bought or sold a house, refinanced a home or sold off assets after a loss or divorce, it is very likely that you are already familiar with home appraisals. By David Nadelle What They Are Types Why You Need One How They Work Appraisal vs. Inspection Cost See: What Is an Adjustable Rate Mortgage and Why Is It Considered Risky?...
Starbucks coffee was founded in 1971 and quickly grew from a one-store shop in Seattle to a global phenomenon, selling millions of drinks per week. Millions of Americans, and indeed consumers around the globe, couldn’t imagine starting their day without their Starbucks coffee. This level of brand loyalty has translated into big profits for the company, and its stock price has reflected this success. If you ever imagined what would have happened if you had diverted some of your coffee money into shares of the company’s stock, read on to find out the details of this amazing story....
By Georgina Tzanetos More: 11 Things You Should Never Buy at WalmartCheck Out: Surprising Things You Can Buy With Food Stamps in the Midwest More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Free Trial Access to Prime Day If you’ve never had Prime, or haven’t had it for at least a year, you can sign up for a 30-day free trial and enjoy Prime Day deals and other Prime benefits....
Your credit score is a three-digit number that can affect everything from getting a mortgage to applying for a new job. Because your credit score can have such a big impact, keeping it in a healthy range is an important part of being financially secure. If your credit score is below 580, you may have a lot of work to do to get well. By Bob Haegele Cut Costs: Unplug These Appliances That Hike Up Your Electricity BillImportant: 3 Easy Tips To Turn Your Credit Woes Into Wows...
Is there someone who just got added to your holiday wish list at the last minute? Whether you’re picking up a present for your child’s teacher or the dog walker, it’s not unusual to get a last-minute addition to your shopping list. By Heather Taylor Holiday Spending: Get Top Holiday Shopping and Savings TipsFind Out: 3 Easy Tips to Turn Your Credit Woes into Wows What can be trickier is budgeting for this purchase....
Quit rates in the hospitality industry exceeded the national average quit rate of 2.9% in February 2022, with 6% of restaurant and hotel workers quitting that month. According to the Department of Labor U.S. Bureau of Labor Statistics, these rates were the highest in the nation, with 795,000 people leaving restaurant and hotel jobs that month, an increase from January 2022 and December 2021. By Dawn Allcot Building Wealth: 20 Genius Things Mark Cuban Says To Do With Your MoneyLearn: 9 Bills You Should Never Put on Autopay...
When it comes to retirement planning, millennials are far ahead of baby boomers, according to Levon L. Galstyan, a CPA with Oak View Law Group. “The younger generation is already saving money in their late twenties, outpacing their parents by about a decade,” he said. By Casey Bond See: 6 Types of Retirement Income That Aren’t TaxableImportant: 5 Things You Must Do When Your Savings Reach $50,000 Why? It could be due to the different approaches these two generations take to retirement planning....
Selling old stuff is an attractive idea for a lot of people because it serves two great functions: It gets things out of your house, and it earns you money: Win-win! By Jordan Rosenfeld See Our List: 100 Most Influential Money ExpertsRead More: 3 Easy Tips To Turn Your Credit Woes Into Wows According to the Mercari Reuse Report, American households are sitting on an estimated $391 in kids’ toys and clothes alone that could easily be re-sold....
The Supplemental Nutrition Assistance Program (SNAP) is the federal government’s food program to help low-income families and individuals afford nutritious food when their income does not cover these essential costs. Eligible participants receive their funds on an electronic benefits transfer (EBT) card. By Jordan Rosenfeld Check Out: 10 Things You Should Always Buy at WalmartLearn: 9 Bills You Should Never Put on Autopay Walmart is one of many retailers that accepts EBT payments (in 48 states you can pay at checkout, in Alaska and Montana, you can pay at pickup) and a convenient and affordable place for many people to shop with their SNAP benefits....
Residents of Louisiana who receive SNAP benefits under the Supplemental Nutrition Assistance Program can now buy groceries online. By Vance Cariaga See: 5 Costly Online Grocery Ordering Mistakes You’re MakingFind: 16 Ways To Save Money on Food Now That Prices Are Rising Under the expanded program, recipients can shop and pay for eligible foods online using their electronic benefit transfer, or EBT, cards, WAFB reported, citing statements from the Louisiana Department of Child and Family Services....
For many Americans, Social Security is all about retirement benefits. But Social Security as a whole actually encapsulates a number of programs designed to assist qualifying Americans. By John Csiszar Check It Out: Our 2022 Small Business SpotlightLearn: 7 Things You Should Never Do When Planning For Retirement One of the most important of these is the Supplemental Security Income program, or SSI. As the name implies, SSI provides supplemental income for those most in need....
Airlines obviously can’t control the weather, but how they handle subsequent delays is of utmost importance. For Southwest Airlines, the inability to get back on track following a storm that rocked most U.S. travelers during the Christmas holiday weekend is reflecting poorly on the company — and its stock price. By Dawn Allcot Harsh Holiday Weather: Airlines Brace for Winter Storm with WaiversExplore: 7 Budget Hacks for Solo Travelers On Dec....
By Yaёl Bizouati-Kennedy Bars and restaurants have been struggling to find enough workers as the economy is re-opening. Domino’s Pizza, McDonald’s, Chipotle Mexican Grill and Popeyes’ owner Restaurant Brands International said they faced labor challenges during the third quarter, putting pressure on their U.S. sales, CNBC reported. Starbucks said it will ensure all partners earn at least $15 per hour in the summer of 2022. In addition, effective in late January 2022, partners with two or more years of service could receive up to a 5% raise, and partners with five or more years could receive up to a 10% raise, according to a release....
This year’s tax prep may be a bit more complicated than usual for many people. For starters, many who have never filed taxes before will be looking to file in order to claim the balance of their enhanced child tax credit. Others may be dealing with fewer deductions than usual (or a higher income than in 2020). By Dawn Allcot See: Want to Avoid Tax Fraud? File Early Find: What 2022 Means for Stimulus Checks and the Child Tax Credit...
This year, most Americans will receive little or no extra help from the government for the first time since 2019. As the country confronts its first year without stimulus since the start of the pandemic, it’s unclear if people as individuals or the economy as a whole are ready to remove the training wheels just yet. By Andrew Lisa See: $1M Is No Longer the Standard Nest Egg – Here’s How Much Most Americans Think You Actually Need To RetireRead More: Here’s How Much You Need To Earn To Be ‘Rich’ in Every State...
The space race is back in full force, but not in the way you might think. Governments have begun to scale down their efforts to get into space, leaving it to private corporations to fund the effort themselves. There are several private space travel and tourism companies vying for supremacy. One of those companies is Virgin Galactic. By Scott Nevil About Virgin Galactic Current News Fundamentals Should You Buy Virgin Galactic is currently the only publicly traded company in the privatized space race....
