Financial related news.
Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1 percent. The funds serving the financial elite are starting to walk away in defeat. Big bets they made that [...]
If you have high-interest consumer debt, getting control of your money in the new year might sound overwhelming. Most Americans say the COVID-19 outbreak has caused financial stress, according to a survey released in October by the National Endowment for Financial Education, with 30 percent listing debt as their top stressor. Despite the pandemic, you [...]
Credit reporting agency TransUnion has found that nearly 3 percent of common consumer debts were in financial-hardship status at the end of 2020, illustrating that many Americans are struggling to get by financially as the pandemic wears on. While the latest number is down from a peak of almost 5 percent in the spring, it's [...]
Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who've recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. "These are the two key items [...]
CHARLOTTE, N.C. — First it went through $20,000. Then 10 days later, it broke through $25,000, and then, with barely taking a breath, it crossed $30,000. Now only a few days into 2021, the price of bitcoin has crossed $40,000. Nothing's new with the digital currency in the month since it crossed $20,000 — there's [...]
Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you're planning to impart the same lessons to your own children, ask yourself a few questions first. Is this still how you deal with your [...]
As we close out 2020 and enter 2021, most of us are anxiously awaiting a happier year ahead. Traditionally, we mark the fresh calendar year with New Year's resolutions to keep us hopeful and motivated — particularly when it comes to our finances. If all goes well, by this time next year, you'll be bragging [...]
An unpleasant tax surprise may be lurking next spring for some people who bought health insurance this year on the Affordable Care Act's coverage marketplaces. The problem centers on income, or what shoppers think they will make. People can get help from the government to buy coverage, depending on their income. But they have to [...]
NEW YORK — It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back when New York was safe again. Within weeks, he'd changed his mind, broke Thimble's lease and told his two [...]
CRISFIELD, Md. (AP) — Public housing is supposed to be a solution to homelessness, not a cause of it. But in Crisfield, a city of 2,600 on the Chesapeake Bay, the housing authority is one of the leading eviction filers. It files cases against tenants so often that officials hired a contractor to automate the [...]