The Trump administration released a plan to reform the housing finance system and commence a process to remove mortgage giants Fannie Mae and Freddie Mac from the government control. The plan also calls for reducing the influence of the federal government in the housing finance system and pr…
Apple Inc. warned that its newly launched titanium Apple Card can be easily damaged if not stored properly. The company advised that the card must be kept away from fabrics like leather and denim as they can cause permanent discoloration.
A new survey is showing that nearly half of parents admit they are not financially prepared to have a child, indicating that parenting has become a financial burden amid the rapidly increasing cost of living. According to the first annual Policygenius Parents & Money survey, 42 percent o…
If you were one of the 147 million Americans affected by the 2017 Equifax security breach, a settlement has been reached with the credit reporting agency and damage claims are now being accepted.
- Announces second-quarter reported earnings of $0.60 per share and earnings from ongoing operations of $0.58 per share.
The U.S. Federal Reserve Board announced a plan for the Federal Reserve Banks to develop a new round-the-clock real-time payment and settlement service to support faster payments in the U.S. The plan called the FedNow Service, is expected to be available in 2023 or 2024. The development of a…
An overwhelming majority, or 95 percent, of Americans feel they have wasteful spending habits, according to a study.
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An overwhelming majority, or 95 percent, of Americans feel they have wasteful spending habits, according to a study.
Americans have accumulated more than $1 trillion in credit card debt, and that number will increase by tens of billions of dollars this year, according to a report by the consumer finance site WalletHub .
After moving significantly higher over the course of morning trading on Thursday, stocks pulled back sharply after President Donald Trump announced plans to impose a 10 percent tariff on the remaining $300 billion worth of Chinese imports. The major averages climbed off their worst levels go…
Stocks have shown a strong move to the upside over the course morning trading on Thursday, rebounding following the sell-off seen late in the previous session. The major averages have climbed firmly into positive territory but remain below their record highs. In recent trading, the major ave…
The latest round of U.S.-China trade talks ended without a major breakthrough. The 12th round of talks between the two economic powerhouses lasted just half a day, and at the end of the talks held in Shanghai, both sides agreed to meet again in September to continue negotiations to resolve t…
After showing a lack of direction for much of the session, stocks came under pressure late in the trading day on Wednesday in reaction to comments from Federal Reserve Chairman Jerome Powell offsetting optimism about future interest rate cuts. The major averages climbed off their worst level…
In a widely anticipated move, members of the Federal Reserve’s Federal Open Market Committee voted Wednesday to lower interest rates by a quarter point. The Fed said it decided to lower the target range for the federal funds rate to 2 to 2-1/4 percent, down 25 basis points from the previous …
A report released by the Commerce Department on Tuesday showed personal income and spending in the U.S. both rose in line with economist estimates in the month of June. The Commerce Department said personal income climbed by 0.4 percent in June, matching the downwardly revised increase in May.
Millennials face an unusually expensive cost of living amid challenging economic conditions and are becoming financially independent much later in life than their parents did, a survey has found. The MU30 Millennial Financial Independence Survey 2019, conducted by independent personal financ…
I may have banked $125 last night by taking less than a minute to fill out a claim form with Equifax, which has agreed to pay nearly $700 million to settle claims related to a massive data breach at the consumer credit reporting agency in September 2017.You can check to see if you are eligib…
HARRISBURG — Victims of predatory online payday loans may see some relief following a settlement with Think Finance, a national online payday lender, and an associated private equity firm. The companies allegedly engineered a $133 million illegal online payday loan scheme that targeted up to…
MoneyTipsGraduation for the Class of 2019 is here. Some college graduates have studied physics and will pursue rocket science as a career. Others plan to become doctors, memorizing every bone in the body, while a few are walking encyclopedias when it comes to history. But how many of them ca…
New home sales in the U.S. showed a substantial rebound in the month of June, according to a report released by the Commerce Department on Wednesday. The Commerce Department said new home sales spiked by 7.0 percent to an annual rate of 646,000 in June after plunging by 8.2 percent to a revi…
The FTC imposed a $5 billion penalty on Facebook, Inc. (FB) for violating user privacy. This is the second largest penalty ever imposed by FTC. The settlement order also imposed new restrictions on Facebook's business operations. A probe was ordered last year, in connection with events relat…
After turning in a lackluster performance in morning trading on Tuesday, stocks showed a strong move to the upside over the course of the afternoon. The major averages climbed firmly into positive territory, moving back within striking distance of last week's record highs. The major averages…
