Mark Wragg | Stockbyte | Getty Images Credit cards are a growing problem for everyone. Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. It is the second-fastest-growing type of debt, after personal loans,
Month: December 2019
Reed Hastings, chief executive officer of Netflix Patrick T. Fallon | Bloomberg | Getty Images A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions, rekindling concerns that new combatants in Wall Street’s “Streaming Wars” could hamstring current players. The bank’s survey of
A FedEx employee loads up deliveries in San Francisco. Getty Images “Face plant” and “awful” aren’t descriptors CEOs want to hear after reporting quarterly profit numbers. But FedEx’s second-quarter results were so bad — the profit decline so steep — that such severe language is not only justified, but it wouldn’t be surprising to see
Some of the cash you’ve been accumulating all year is about to disappear for good. Health-care flexible spending accounts, or FSAs, are tax-advantaged accounts you may be able to find at work. You can save pretax dollars in these accounts and then use your money tax-free to pay for qualified medical costs. You can’t hold
Someone is having a good start to the holidays. A lottery player in Ohio won the $372 Mega Millions jackpot on Tuesday night, according to the lottery website. The ticket was purchased at the Giant Eagle supermarket in Mentor, a Cleveland suburb. We might not learn much about the lucky player: Ohio allows lottery winners
By Liz Seegert, Next Avenue Contributor Getty Images Pete Buttigieg has a plan to help those in need of long-term care. A really ambitious plan. The South Bend, Ind., mayor and 2020 Democratic presidential hopeful recently released his Dignity and Security in Retirement proposal, part of his campaign’s efforts to address the very real and
Compass with needle pointing the word retirement, concept image to illustrate retirement planning Getty Feeling old enough to worry about retirement, you have finally decided to check your 401k account to see how your money is invested. You look at the investment options in your plan and they seem to be mostly mutual funds. Then you
Share to facebook Share to twitter Share to linkedin As it stands, it’s a complete “nonevent” for the market. Spencer Platt/Getty Images Topline: With the House of Representatives expected to vote in favor of impeaching President Donald Trump on Wednesday evening, the stock market has largely trended flat, with little movement to either the upside
Share to facebook Share to twitter Share to linkedin Some provisions of the deal are underwhelming, according to experts. Scott Olsoon/Getty Images Topline: Although Wall Street cheered the signing of a new North American trade deal announced by the Trump administration and congressional Democrats last week, in their relief many investors overlooked specific provisions of
Student loan company SoFi recently found that 61% of millennials said they have delayed buying a … [+] home because of their student loan debt. Getty More than 44 million Americans hold nearly $1.5 trillion in student debt, and that debt is affecting the decision of millennials to buy homes. Student loan company SoFi recently
Man in a blue shirt does window installation. Getty As you look at listings online, you may come across a few that are listed in “as-is” condition. Those few words can have a big impact on your transaction, so it’s important to understand what they mean going in. With that in mind, I’ve written a
A Prime Air cargo plane, operated by Amazon.com Inc., sits on display with other passenger jets during the 53rd International Paris Air Show at Le Bourget, in Paris, France. Jason Alden | Bloomberg | Getty Images Amazon is turning to an unlikely partner to help expand its package-delivery business: a low-cost airline. Sun Country Airlines,
A FedEx plane is parked at Ontario International Airport on February 4, 2019. Check out the companies making headlines after hours on Tuesday: FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx reported adjusted earnings per share
The Chinese consumers’ expensive taste is driving growth of the luxury market and fueling a boom in luxury five-star hotels in cities across China. The number of wealthy Chinese recently surpassed the number of wealthy Americans, according to Credit Suisse. The survey found 100 million Chinese in the world’s top 10% of richest people, while
It’s breakfast time in Flaxville, Montana. The thermometer says it’s four degrees, but the Weather Channel says it feels like minus 3. Paul Kanning is trudging through the snow to grain bins on his nearly 3,000 acre farm. One is stuffed with dry yellow peas. “I don’t know where they’re going yet this year,” he
Phil Roeder Americans are likely losing a popular retirement tax strategy next year that allows the wealthy to leave large inheritances in retirement accounts. Several retirement provisions were tucked into a bipartisan $1.4 trillion spending package that federal lawmakers must pass by Friday to avoid a government shutdown. Among the many items in the bill
Share to facebook Share to twitter Share to linkedin Holidays are a notorious time for financial fraud. Scammers capitalize on the generosity of their targets, particularly seniors. What can families do to give their older loved ones, especially aging parents a greater measure of financial safety? The World Health Organization estimates that one in six
Well, it’s interesting to see Mormons back in the tax news. The Washington Post has a story about a whistleblower’s disclosures to the IRS that Ensign Peak Advisors, Inc, founded in 1997, has accumulated over $100 billion in assets without ever making any charitable distributions. The only two outflows appear to have been to bail
Topeka, Kansas is among a growing list of places offering financial incentives to attract new … [+] residents. The Greater Topeka Partnership Have you ever looked on a map and wondered where else you might want to live? You might want to consider Topeka, Kansas. Under a pilot program called Choose Topeka, the capital city
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond‘s new CEO is making it clear he means business, as he has been tasked with turning an embattled retailer around. The home goods company announced on Tuesday morning, in the midst of the
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