Luis Alvarez | Digitalvision | Getty Images While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that. These services track users’ rent-paying habits and report them to one or more of the big credit bureaus — Equifax, Experian and TransUnion — with the aim
Month: January 2024
In this article W Follow your favorite stocksCREATE FREE ACCOUNT Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs
Andresr | E+ | Getty Images LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco prices. This was the first month in which the annual consumer price index has risen since February 2023. Economists polled by Reuters had expected a modest decline in the
Maskot | Maskot | Getty Images The cost to raise a child has become expensive for parents in the U.S. As tax season approaches, it’s smart to pay attention to tax breaks related to children and care expenses. Costs for child care have increased significantly due to inflation. Many child care centers also bumped their
If you’re married, it’s critical that you maximize the money you and your spouse will each receive from Social Security over both of your lifetimes. That’s because most married couples will receive a very large portion of their total retirement income from Social Security. For most couples, this money usually represents more than half of
In this article JBLU SAVE Follow your favorite stocksCREATE FREE ACCOUNT Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Nov. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images JetBlue Airways and Spirit Airlines on Friday said they are appealing a federal judge’s ruling earlier this week that
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet are getting “indoctrinated” by academics and should “do their homework.” UBS completed its takeover of Credit Suisse in June 2023 after an
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans this week reintroduced legislation to permanently repeal what they’re calling the “death tax” — or federal estate tax, which is levied on inherited property above
Trying to get financial control can be a highly frustrating problem for adult children. They have been appointed as agent on an impaired parent’s Durable Power of Attorney (DPOA), but the parent stops them from getting involved. The dilemma is this—the kids see that Mom or Dad is losing it, forgetting to pay bills, getting
In this article SAVE Follow your favorite stocksCREATE FREE ACCOUNT Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | South Florida Sun-sentinel | Getty Images Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023,
Li Qiang, China’s premier, delivers a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. Bloomberg | Bloomberg | Getty Images Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries. “To keep
Just months ago, we were coveting Loro Piana cashmere baseball hats and $300 Smythson notebooks in the name of “quiet luxury” and justifying such expensive purchases using “girl math.” But in 2024, there’s a new idea taking hold that overtly rejects the urge to overspend and promotes speaking up about saving money — welcome to
GlobalStock | Getty Images When you invest toward retirement, experts often like to say you are letting your money work for you. But how much can you realistically expect to earn on your money? The annual rate of return — defined as the percentage change in an investment’s value — is an estimate of the
In this article PEP WEN Follow your favorite stocksCREATE FREE ACCOUNT A “Now hiring” sign is displayed outside of a Wendy’s in Miami, Florida, on Oct. 8, 2021. Joe Raedle | Getty Images Wendy’s has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost
LIVERPOOL, U.K. – Oct. 11, 2023: Britain’s main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty Images Political risk in the U.K. is “far less than it’s ever been” as the
The increase in wealth has been seen from stronger retail participation, larger investments into the Indian stock markets, and gold and property purchases. Sopa Images | Lightrocket | Getty Images Rising disposable incomes are set to power India’s consumption story, further boosting the country’s consumer sector that is fast becoming a key driver for economic
Natasaadzic | Istock | Getty Images Artificial intelligence tools and sophisticated technology are making it harder for consumers to spot scams. Fraud cost U.S. consumers more than $7 billion during the first three quarters of 2023, according to the Federal Trade Commission. Those figures are up 5% compared to the same period in 2022. “Fraud
In this article M Follow your favorite stocksCREATE FREE ACCOUNT People cross the street outside Macy’s Herald Square store on December 17, 2023 in New York City. Kena Betancur | Corbis News | Getty Images Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations
Christian Sewing, Chief Executive Officer of Deutsche Bank, has acknowledged that a recession in Germany is inevitable, and urged leaders to accelerate its decoupling from China. Denis Balibouse | Reuters Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a
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