Financial related news.
NEW YORK (AP) — Everyone would like to get paid more, but the worry on Wall Street is there could be too much of a good thing. Wages are going up for workers across many industries as the economy roars out of the recession. And in terms of inflation, which is the bogeyman for investors [...]
The Franklin County Board of Commissioners last week announced that the county received the highest bond rating possible for the 28th time in as many years. The county received dual Triple-A ratings from the two principal financial ratings agencies, Standard and Poor’s Global Ratings and Moody’s Investors Service Inc., making it one of just two [...]
NEW YORK (AP) — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday as it released the results from its latest "stress tests," giving the banks the green light to resume paying out dividends to investors and buying back stock. The Fed also [...]
Should you take money advice from a stranger on the internet? In Reddit's r/personalfinance channel, anonymous users exchange tips on buying homes, choosing insurance plans and managing very personal, nuanced money situations. (Think: "How do I handle my dying dad's debts?") "It's like crowdsourcing financial advice," says Dana Eble, a public relations specialist based in [...]
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve's ultra-low interest rate policies — when the economy is already surging — have elevated the risk of accelerating inflation. In May, consumer prices rose 5 percent from a year earlier, the largest such year-over-year jump [...]
Annette Steele isn't destitute or unemployed, but for a year she'll be receiving $500 per month in no-strings-attached payments as part of an experimental universal basic income program in upstate New York. Places from Compton, Calif., to Richmond, Va., are trying out guaranteed income programs, which gained more attention after the pandemic idled millions of [...]
NEW YORK (AP) — It might seem like everyone is having a wild time shooting for the stars with GameStop and other meme stocks. But just as day-to-day life for most of us is more mundane than the highlights friends post on social media, the majority of retirement savers are sticking to plain vanilla plans. [...]
NEW YORK (AP) — More than 4 million people say they fear being evicted or foreclosed upon in the coming months just as two studies released last week found that the nation’s housing availability and affordability crisis is expected to worsen significantly following the pandemic. The studies come as a federal eviction moratorium is set [...]
WASHINGTON — The economy is sparking confusion and whiplash almost as fast as it's adding jobs. Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can't fill jobs or acquire enough supplies to [...]
If you've worked hard to achieve and maintain a good credit score, it can be upsetting to see it drop. But "life happens, and sometimes how you react is going to blow back and affect your credit score," says credit expert John Ulzheimer. People lose jobs, cars break down and pipes leak. Credit may be [...]