Personal finance

Pavlo Gonchar | Lightrocket | Getty Images Do you think artificial intelligence is being overhyped? Dan Niles, founder and portfolio manager of the Satori Fund, agrees. Well, sort of. The answer to that question really depends on whether you’re talking about the current moment or the long haul, said Niles during a session for CNBC’s Financial

Moyo Studio | E+ | Getty Images Saving enough money to comfortably retire later in life may seem like a daunting, out-of-reach goal. But some are challenging themselves to reach that goal even sooner than usual. The FIRE movement — which stands for Financial Independence, Retire Early — is built on the idea that handling

People shop at Lincoln Market on June 12, 2023 in the Prospect Lefferts Gardens neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images News | Getty Images Inflation slowed in May to the lowest rate in two years, largely on the back of declining prices for energy like gasoline

Richard Newstead | Moment | Getty Images Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer. As the largest expense for an average U.S. household, shelter accounts for more than a third of the CPI weighting, the most of any other consumer good or service. That gives housing

After more than a year of steady rate hikes, the Federal Reserve held its target federal funds rate steady Wednesday. For households, however, that offers little relief from record-high borrowing costs. “It’s not like rates will go down,” said Tomas Philipson, University of Chicago economist and a former chair of the White House Council of Economic

Lucigerma | Istock | Getty Images Retirement confidence may be dropping due to the economy. But for retirement savers and retirees alike, there’s one worry that stands out above the rest — the possibility they may outlive their assets, according to new research from research and consulting firm Cerulli Associates. That worry looms large for

Djordje Krstic | Istock | Getty Images New government data shows the annual rate of inflation dipped to the lowest level in about two years as of May. But that may be bittersweet news for Social Security beneficiaries, as they may receive a much lower cost-of-living adjustment in 2024 than they did this year. The

Sam Edwards | Getty Images If you’re a freelancer, entrepreneur, or other worker who doesn’t have taxes withheld from your paycheck, a key deadline to make payments is approaching, according to the IRS. The due date for 2023 second-quarter estimated tax payments is June 15, which applies to income without withholdings, such as self-employment earnings,

Berk Ucak | Istock | Getty Images When federal student loan bills restart in September, millions of borrowers could be making their payments to a company they’ve never heard of. During the pause of more than three years on payments, several of the lenders that managed the debt for the government stopped doing so. Those

In this article LEVI BLK Follow your favorite stocksCREATE FREE ACCOUNT Levi’s has run a worker savings program since 2015 but in recent years has participated in BlackRock’s initiative. Pictured, a Levi’s display at a Kohl’s in San Rafael, California. Justin Sullivan | Getty Images When new employees get hired at the Levi’s store in

Yuliya Taba | E+ | Getty Images The Consumer Financial Protection Bureau is warning that roughly 1 in 5 student loan borrowers have financial risk factors that could cause them to struggle when their payments resume in the fall. The bipartisan agreement to raise the federal debt ceiling signed into law earlier this month by

From self-service fast-food restaurant kiosks to smartphone delivery apps, there are more opportunities to tip for a wider range of services than ever before. But between the high cost of living and uncertain economy, cash-strapped consumers are starting to tip less — and resent tipping prompts even more. related investing news Markets are making a bet that inflation