Personal Finance

Americans' Economic Outlook Brightens as Inflation Slows and Wages Outpace Prices

WASHINGTON (AP) — After an extended period of gloom, Americans are starting to feel better about inflation and the economy —... Read More

WASHINGTON (AP) — After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes. A measure of consumer... Read More

Consumer Confidence Declines Again in May, Particularly for Older Americans

Consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of... Read More

Consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of elevated anxiety over inflation. The Conference Board reported Tuesday that its consumer confidence index fell to 102.3 in May from 103.7... Read More

States Confront Medical Debt That's Bankrupting Millions

DENVER (AP) — Cindy Powers was driven into bankruptcy by 19 life-saving abdominal operations. Medical debt started stacking up for... Read More

DENVER (AP) — Cindy Powers was driven into bankruptcy by 19 life-saving abdominal operations. Medical debt started stacking up for Lindsey Vance after she crashed her skateboard and had to get nine stitches in her chin. And for Misty Castaneda,... Read More

Survey: Business Economists Push Back US Recession Forecasts

WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than... Read More

WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. Fifty-eight... Read More

2022-09-01 17:20:22
by Madeline Hughes
FTC Accuses Credit Karma of Making False Claims

WASHINGTON — The Federal Trade Commission announced Thursday it is going after the credit score and report company Credit Karma... Read More

WASHINGTON — The Federal Trade Commission announced Thursday it is going after the credit score and report company Credit Karma for telling people they were approved for credit when they were not. “Credit Karma’s false claims of ‘pre-approval’ cost consumers... Read More

Gas Prices Dip Just Below $4 for the First Time in Five Months

AP -- Gasoline prices dipped to just under the $4 mark for the first time in more than five months... Read More

AP -- Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average... Read More

Retail Sales Up 1% in June, Easing Fears of a Recession

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at... Read More

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession.... Read More

US, World Markets Retreat After Powell's Hawkish Rate Stance

NEW YORK (AP) — Wall Street was pointed toward losses before markets opened on Friday, following global shares lower after... Read More

NEW YORK (AP) — Wall Street was pointed toward losses before markets opened on Friday, following global shares lower after Federal Reserve Chair Jerome Powell indicated aggressive increases in interest rates were needed to fight inflation. The futures for the Dow industrials... Read More

AP-NORC Poll: Low Marks for Biden on Economy as Prices Rise

WASHINGTON (AP) — A majority of Americans say they don't blame President Joe Biden for high gasoline prices, but they're... Read More

WASHINGTON (AP) — A majority of Americans say they don't blame President Joe Biden for high gasoline prices, but they're giving his economic leadership low marks amid fears of inflation and deep pessimism about economic conditions. About 7 in 10... Read More

2021-10-19 21:23:09
by Dan McCue
Administration Scaling Back Plan to Deepen IRS Scrutiny Into Bank Accounts

WASHINGTON - The Biden administration is reversing course on a proposal that would have required banks to flag private accounts... Read More

WASHINGTON - The Biden administration is reversing course on a proposal that would have required banks to flag private accounts to the Internal Revenue Service when an individual deposit or withdrawal exceeded $600. A revised plan, expected to be announced... Read More

2021-08-30 18:19:29
by Dan McCue
PayPal Said to Be Mulling Stock-Trading Platform

SAN JOSE, Calif. - Internet payment giant, PayPal, is reportedly exploring ways to allow its millions of customers to trade... Read More

SAN JOSE, Calif. - Internet payment giant, PayPal, is reportedly exploring ways to allow its millions of customers to trade individual stocks. The market move was first reported by CNBC, and appears to be confirmed by the recently updated LinkedIn... Read More

2021-03-23 20:47:24
by Victoria Turner
How Climate Change is Impacting Investment

WASHINGTON - Emma Howard Boyd, chairwoman of the United Kingdom’s Environmental Agency, would like you to invest your pension in... Read More

WASHINGTON - Emma Howard Boyd, chairwoman of the United Kingdom’s Environmental Agency, would like you to invest your pension in environmentally-friendly financial funds, she urged today during a Peterson Institute for International Economics event entitled, “Economic Impact of Climate Change.”... Read More

2020-08-20 15:35:05
by Gracie Kreth
Senate Committee on Aging Reports on Financial Challenges Women Face

WASHINGTON - United States Senators Susan Collins, R-Maine, and Bob Casey, D-Penn., the chairman and ranking member, respectively, of the... Read More

WASHINGTON - United States Senators Susan Collins, R-Maine, and Bob Casey, D-Penn., the chairman and ranking member, respectively, of the Special Committee on Aging, released a report last week examining the challenges older women face preparing financially for retirement.  During... Read More

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