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…
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…
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…
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…
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.…
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…
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…
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…
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.…
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,…