Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in Statuary Hall in the U.S. Capitol after announcing his debt limit increase plan on the House floor on April 19, 2023. Bill Clark | CQ-Roll Call, Inc. | Getty Images As Republicans scramble to put together a plan to fix the nation’s debt limit,
Personal finance
In this article YOU TNL SSVC MHI-AU COF V Follow your favorite stocksCREATE FREE ACCOUNT Choosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record rents and home prices, a potential economic downturn and other lifestyle considerations,
Alistair Berg | Digitalvision | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here. Americans are living longer — and it’s changing the nature of retirement planning. The classic retirement framework aims for seniors
JGI/Jamie Grill After years of relatively low yields, certificates of deposit, or CDs, have recently shelled out higher rates, following a series of interest rate hikes from the Federal Reserve. While there’s uncertainty around the Fed’s future moves and the direction of interest rates, experts say CD ladders may capture higher yields while offering flexibility.
In this article UAL AAL TSLA NFLX SHOP-CA LYFT Follow your favorite stocksCREATE FREE ACCOUNT Okrasyuk | Istock | Getty Images Losing your job can be devastating financially and emotionally. Unfortunately, tens of thousands of people are experiencing that firsthand as the number of companies reducing their headcounts mount. This week, job cuts at Disney
Anastasija Vujic | Istock | Getty Images As the pace of hiring declines, teens in the market for summer jobs may also face a slightly slower market this year. However, those who want to work should be able to find opportunities, according to a new report. Teens are poised to see a gain of 1.1
At Winooski High School in Winooski, Vermont, students in Courtney Poquette’s personal finance class are learning about money management, including figuring out how they can afford items they may want to have in their first apartment. “You’re going to have to buy all of the things that you want,” she explains to her students. “And
Halfpoint Images | Moment | Getty Images Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns. To that point, 41% of Americans are at least somewhat likely to buy an electric vehicle as their next car, according to a recent poll from the
WASHINGTON, DC – FEBRUARY 27: Student loan borrowers gather at Supreme Court the evening before the court hears two cases on student loan relief to state the relief is legal and needs to happen immediately on February 27, 2023 in Washington, DC. (Photo by Jemal Countess/Getty Images for We The 45 Million) Jemal Countess |
Whitebalance.oatt | E+ | Getty Images For newcomers getting started in investing, or those who just want to ensure they’re making the wisest moves, experts generally have one piece of advice: Open a Roth individual retirement account. “There’s just no question that that is the better place” for their money, according to IRA expert and
In this article MORN Follow your favorite stocksCREATE FREE ACCOUNT Edwin Tan | E+ | Getty Images Breakups are always hard. The relationship with your financial advisor is no different. But there are some telltale signs it’s probably time to call it quits, experts say. “When it comes down to it, it’s a business relationship,”
Rosley Majid / Eyeem | Eyeem | Getty Images Following recent bank failures and ongoing market volatility, it may be tempting to try to time the market. Of course, buying low can be a good thing. But a continuous mindset of buying and selling in response to market changes may not be. Why? Because time