Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
Consumers have been busy reducing their credit card debt and delinquencies have fallen to the lowest level in nearly fifteen years, according to a report released by a national credit reporting agency. Delinquencies fell in… Credit Card Delinquencies at Lowest Level in 15 Years
Over half of college graduates are worried about paying back their student loans but are missing key ways to build a strong financial foundation, according to a study sponsored and released by Capital One Bank.… Paying Back Student Loan Top Concern for Many Graduates
A Canadian-based online operation accused of scamming more than $450 million from consumers has been charged by the Federal Trade Commission, the agency reported on Tuesday. Consumers in the U.S., Canada, Australia, and New Zealand… FTC: Online Scammers Take $450 Million from Consumers
Housing starts fell 10.6% in April from the previous month, the Commerce Department and the Department of Housing and Urban Development (HUD) said in a jointly released statement on Tuesday. The unexpected drop was mainly… April Housing Starts Drop 10.6%
Most U.S. cities have seen a drop in the unemployment rate over the past year, a government agency reported on Thursday. The unemployment rate dropped in 317 of the 372 metropolitan areas surveyed by the… Unemployment Rate Drops
In his budget speech today at George Washington University, President Obama said that his goal was to cut the federal debt by $4 trillion over the next twelve years, phased in over time to avoid… Obama Deficit Reduction Plan
The number people who filed for first-time unemployment benefits fell by 10,000 last week, according to a government report released on Thursday. The advance number for new claims was 382,000 for the week ending April… New Claims for Unemployment Benefits Dip
Kohl’s announced on Tuesday that the transfer of its private-label credit card portfolio to Capital One has been completed as of April 1, 2011. Capital One will service new and existing Kohl’s charge accounts for… Capital One Taking Over Kohl’s Charge Accounts
New claims for uninsured benefits fell slightly last week, down by 6,000 to 388,000, the Labor Department reported today. But the (seasonally-adjusted) four week moving average, which smooths out weekly volatility and gives a better… New Jobless Claims Dip
The pace of existing home sales fell last month after increasing for three months in a row, the National Association of Realtors reported today. February’s sales of single-family, townhomes, condominiums and co-ops dropped to a… February Existing Home Sales Drop for 1st Time in 3 Months