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.
The unemployment rate remained unchanged at 9.6% and approximately 14.8 million people were unemployed in September, the Labor Department reported on Friday. Non-farm employment dropped by 95,000 in September after a loss of 159,000 in… Unemployment Rate Hovers at 9.6% for September 2010
Consumers continue to get a better grip on their credit card and other debt in the second quarter of 2010, the American Bankers Association reported on Wednesday. Delinquencies in bank credit cards decreased to the… Bank Card Delinquencies Drop Second Quarter 2010
A new turnkey program will help community banks offer prepaid credit cards to their customers, the American Bankers Association reported on Wednesday. Business Solutions, a subsidiary of the ABA, will offer a variety of Prepaid… ABA: Prepaid MasterCard for Customers of Community Banks
A “tax relief” operation based in Beverly Hills has been halted from doing business by a federal judge at the request of the Federal Trade Commission, the agency reported on Tuesday. The FTC accuses American… "Tax Relief" Operation Halted
The unemployment rate in August was lower than it was a year ago for 182 out of 372 metropolitan areas tracked by the Labor Department’s Bureau of Labor Statistics (BLS), the agency reported on Wednesday.… Almost Half of Metros Report Lower Unemployment from a Year Ago
The Federal Trade Commission has halted an operation that’s fraudulently taken millions of dollars from consumers by placing bogus charges on their phone bills, the agency reported on Thursday. Inc21 has been ordered by a… Crooks Ordered to Pay Back Almost $38 Million to Consumers
The Federal Trade Commission announced on Wednesday that they will be mailing 360 consumer redress checks to customers of Briggs & Baker, a company that advertised it could “drastically” reduce consumers’ credit card debt. The… Debt Relief Law Offers New Protections
Well, the recession that began in December 2007 was technically over in June 2009, officials at the National Bureau of Economic Research (NBER) said this past week. The experts use all kinds of macroeconomic data… The Recession Ended Last Year?
Existing home sales in August rose 7.6% after a big correction in July, but are still 19% lower than the sales pace from a year ago, the National Association of Realtors (NAR) reported on Thursday.… Existing Home Sales Jump 7.6% for August 2010
New jobless claims rose unexpectedly last week to 465,000, up 12,000 from the previous week’s revised figure of 453,000, the Labor Department reported on Thursday. The four week moving average, which smooths out weekly volatility,… New Jobless Claims Unexpectedly Rise