Financial related news.
When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of ice. Vow to never eat out again. Forgo your Netflix subscription. These tactics may help, but financial experts say paying off debt requires a more comprehensive plan. One common strategy [...]
NEW YORK (AP) — Everything is awesome for investors. Everything. Stocks are at peak levels. Bonds are making money despite a raft of predictions to the contrary at the start of the year. Stock markets overseas, notoriously poor investments for much of the last decade, are perking higher. Even gold, which typically glitters brightest when [...]
Forget frequent flier miles, last-minute getaways and even road trips. Nearly half of Americans say they won’t be taking a vacation this summer, mostly because they can’t afford it, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. The new AP-NORC survey, conducted in May, said 43 percent of Americans [...]
NEW YORK — If you haven’t heard of impact investing yet, just wait. It’s one of the hottest areas in investing, and the industry is racing to offer more opportunities for people to put their money into investments that deliver a positive impact on the world, along with positive returns. Think: projects and stocks of [...]
Student loan servicers, the companies that manage $1.4 trillion in federal and private loans, haven’t been earning much trust among borrowers. Sixty-four percent of the 44,400 student loan complaints the Consumer Financial Protection Bureau collected between July 2011 and March 2017 involved problems borrowers had with their lenders or servicers, including not informing them about [...]
Boasting more than 637,000 active accounts, CollegeAdvantage — Ohio’s 529 college savings program — has exceeded more than $10.35 billion in assets under management, according to a recent press release announcing the development. CollegeAdvantage, as of March 31, 2017, ranked as the sixth largest 529 college savings program in the country. “Our program growth can [...]
LOS ANGELES — Investors have been betting heavily on emerging markets stocks this year, and the strategy appears to be paying off. The MSCI Emerging Markets Investment Market Index, which covers securities across developing nations, is up nearly 16 percent this year, according to FactSet. Compare that with the Standard & Poor’s 500 index, which [...]
WASHINGTON (AP) — Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons’ mortgage covered their home in Christiansburg, Va., and some adjacent land — a deal-breaker. “They [...]
House committee members heard last week a fellow lawmaker’s pitch for the creation of a Commercial Airline and Air Freight Commission to study the state’s seven commercial service airports and their economic impact on the Buckeye State. Cleveland Rep. John Barnes Jr., a Democrat, told members of the Transportation and Public Safety Committee that now [...]
CHICAGO (AP) — Suddenly jobless and with small children to support, Jose Victor Camargo without hesitation cashed out a retirement account he had with his former employer. That was more than a decade ago, and the father of three used the money to pay for rent and stay afloat until he found another job. “We [...]