If you’re hoping to snag the best-available terms on a loan, a standard rule of thumb about credit card usage could end up messing with your plans. The common advice is to keep revolving debt below 30% of your available credit so your utilization rate doesn’t hurt your credit score. Yet experts say your FICO
By Daniel Newman and Olivier Blanchard, Next Avenue Contributors Getty (There have been many scary stories lately about how robots and artificial intelligence will increasingly replace human jobs in the coming years. So, you may be nervous about what the future holds for you and your career. In this excerpt from their new book Human/Machine:
Share to facebook Share to twitter Share to linkedin The feud between Cooperman and Warren escalates, yet again. Bloomberg/Getty Images Topline: In the latest salvo in her war on the ultrarich and public feud with longtime investor Leon Cooperman, 2020 hopeful Elizabeth Warren released a new TV ad that takes aim at a group of
The show sugih ban siding on the Groundswell House in Nova Scotia makes it maintenance free and … [+] attractive. The house was designed by Solterre Design. Photo courtesy of Acorn Art & Photography for Downsize: Living Large In a Small House, published by Taunton Press Shou Sugi Ban (which translates as “the burning of Japanese
Gary Jones, president UAW International, (left) and Bill Ford, executive chairman, Ford Motor, shake hands on July 15, 2019 at Ford World Headquarters to begin negotiations for a new contract. Ford DETROIT – Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday. The deal requires
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal. Stocks ended the week at record highs, but Treasury yields unwound half the big
Serge Krouglikoff | The Image Bank | Getty Images Children are a tremendous responsibility, financially taxing and incredibly rewarding. And there inevitably comes a point where, as a parent, you need to cut the purse strings, confident you have raised an independent adult who can sustain themselves financially. I recently had a meeting with husband
Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Securities and Exchange Commission is moving closer to approve a new flavor of exchange-traded funds that allow stock pickers to keep their holdings secret. Asset managers T. Rowe Price, Natixis, Fidelity and Blue Tractor have won
We’ve got emotions and we’ve got reasoning. Guess which we use to make financial decisions? Mostly it’s our emotional brain, says Brad Klontz, author of “Mind Over Money” and co-founder of the Financial Psychology Institute. gilaxia | E+ | Getty Images A financial therapist, Klontz understands what motivates people to make personal money choices. He
Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart … [+] with arrow up on dark background. Stock market. Business growth, planing and strategy concept. Getty Over 25 years after William P. Bengen published what he referred to as the SAFEMAX rate in the October 1994 issue of the Journal of
Each year, the IRS announces changes to retirement plan contributions for 401(k) plans, individual retirement accounts and more. If you’re in the process of saving for retirement, it is essential to know the current contribution limits and take maximum advantage of them, if possible. The most notable changes for the coming year apply to 401(k)
Exterior of Starbucks Reserve Roastery located on Chicago’s Magnificent Mile. Courtesy of Starbucks Chicago, Ill.– Today marks the public unveiling of the largest Starbucks brick-and mortar in the world, the Chicago Starbucks Reserve Roastery (646 N. Michigan Ave.), a five-floor, 35,000-square-foot “retail experience.” The Chicago Reserve Roastery features three main coffee bars, which will offer
President Donald Trump delivers remarks during a campaign rally in Bossier City, LA, November 14, 2019. Tom Brenne | Reuters Health-care stocks rose Friday after President Donald Trump discussed his administration’s new rule that will force hospitals to disclose the discounted prices they negotiate with insurers. Insurers UnitedHealth, Cigna, Humana and Anthem were each moving
David Heinemeier Hansson, a well-known software engineer, recently slammed the Apple Card on Twitter as sexist. His complaint: He was given a credit limit 20 times larger than his wife, even though she has the better credit score. In response, the New York Department of Financial Services announced it will investigate the Apple Card algorithm
Marc Lasry, a billionaire and major Democratic donor, is the latest major Wall Street investor to warn about the damage the stock market could sustain if Elizabeth Warren were to win the presidency. Lasry, the co-founder of Avenue Capital who made his fortune putting money into distressed assets, told CNBC on Friday that a Warren
An assembly line worker works on the production line at Midwest Automotive Designs in Bristol, Indiana, April 16, 2019. Tim Aeppel | Reuters The U.S. economy will barely grow at all in the fourth quarter, if two Federal Reserve gauges that track gross domestic product are correct. With some recent data coming in below expectations,
A customer shops for a pistol at Freddie Bear Sports sporting goods store on December 17, 2012 in Tinley Park, Illinois. Scott Olson | Getty Images News | Getty Images Even if you haven’t actively been seeking gun stocks, you could still be an investor in them. Many companies have ties to weapons, either directly
Sharon McCutcheon Do you know how much money you save right now? And more importantly – do you know if it’s enough? Your savings rate is one of the best metrics to use to determine if you’re on the right track to meet your goals. It’s represented by the percentage of your gross income that
Economic Security Planning, Inc. Today’s column addresses whether Social Security benefits are recalculated due to continued employment, public pensions and divorced spousal benefits, how divorced spousal benefits are calculated, when spousal benefits are available and foreign pensions. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
Experts weigh in on what we can expect for the 2020 housing market. Getty The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no. We spoke to six mortgage, real