Financial related news.
Newly widowed, Kay McCowen quit her job, sold her house, applied for Social Security and retired to Mexico. It was a move she and her husband, Mel, had discussed before he passed away in 2012. “I wanted to find a place where I could afford to live off my Social Security,” she said. “The weather [...]
Columbus is becoming a less affordable place to own a home, based upon the three data points in First American Financial Corp.’s most recent measurement of the real housing price index. In the October 2016 report, First American this week ranked the Columbus home-buying market in the top five of the largest 50 real estate [...]
NEW YORK — Investors may finally be giving stocks another chance. For years, many refused to buy into the hype even as the stock market climbed to record after record. Wounds from the 2008 financial crisis were still too raw, and investors couldn’t stomach the risk of watching their nest eggs drop by more than [...]
WASHINGTON (AP) — The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn’t expected to last. The gain in the gross domestic product, the economy’s total output of goods and services, came [...]
LAREDO, Texas (AP) — Donald Trump’s only visit to the U.S.-Mexico border while running for president was a stop in Laredo that lasted less than three hours. On some days, that’s not long enough for 18-wheelers hauling foreign-made dishwashers and car batteries to lurch through the gridlocked crossing. Trump’s campaign promise to tear apart the [...]
NEW YORK (AP) — Ever feel like the taxi ride from the airport costs more than the trip there? It’s not your imagination. Airports across the country add surcharges of up to $5 a ride — typically passed directly on to travelers — for trips originating at their curbs. There are similar charges for limousine, [...]
More spending, more donations, more travel and more distractions — there’s no time like the holidays for fraud. “Scammers are opportunists and, unfortunately, at the holidays we give them plenty of opportunities,” said Katherine Hutt, a spokeswoman for the Better Business Bureau. She says the most important thing people can do is be aware of [...]
WASHINGTON (AP) — There isn’t much doubt about what the Federal Reserve will do when its latest policy meeting ends today: It’s all but certain to raise its benchmark interest rate — its first increase in a year. The real anticipation surrounds what Fed officials may or may not say about the pace of future [...]
WASHINGTON (AP) — A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation’s insider trading laws, a victory for prosecutors seeking to curb corruption on Wall Street. The justices ruled that sharing corporate secrets with friends or relatives is illegal even if the insider providing the tip doesn’t [...]
PITTSBURGH — The slow recovery of the U.S. economy is continuing to keep the cost of Christmas — or at least the gifts listed in “The Twelve Days of Christmas” — from spiraling out of control. The price of two turtle doves jumped from $290 to $375 this year, but nine of the other 12 [...]