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 inventory of existing homes on the market fell in October and the pace of home sales increased to a level 13.5% above what they were a year ago, according to a report released by… Existing Home Sales Increase 1.4% in October
Several banks announced they will nix their plans to increase debit card fees in response to consumer outcry. Wells Fargo said in a statement on Friday that they will cancel their five-state pilot program for… Big Banks Nix Plans to Increase Debit Card Fees
Many cost-conscious Americans choose to opt-out of the prescription drug benefit with their health plan in order to save on their premium. I’m one of them. I’m generally healthy and don’t need medications on a… FTC: Drug Makers Continue to Delay Cheaper Generics for Consumers
Homeowners who are strapped with loans that are more than their homes are worth may be able to get some help for their traditionally hard-to-refinance underwater mortgage. The Federal Housing Finance Agency on Monday announced… FHFA Announces Redesigned HARP to Help Underwater Borrowers
The economy added more jobs than expected in September, the government reported on Friday. While not quite enough to reduce the unemployment rate, it may be enough to thwart another recession. Labor Secretary Hilda L.… September Jobless Rate Steady at 9.1%
The job market remains depressed and the number of people filing first-time claims for jobless benefits was higher than expected last week. The Labor Department said on Thursday that initial unemployment claims fell by 9,000… Jobless Claims Remain Above 400,000 Last Week
Reflecting the ongoing difficulty in the market for new single family homes, home builder confidence was virtually unchanged for September, according to an industry report released on Monday. Builder confidence fell one point to 14… Home Builder Confidence Virtually Unchanged in September
The IRS announced that it continues to make “strong progress” in their efforts to fight international tax evasion and has recieved up to 30,000 voluntary disclosures since 2009. “By any measure, we are in the… IRS: $2.2 Billion Collected From Offshore Tax Evaders Who Came Clean
As consumers depend more on electronic communication, mail volume has plummeted by more than 43 billion pieces in the past five years – and continues to fall. The U.S. Postal Service said on Thursday that… Postal Service Must Face a “New Reality”
Most Americans are skeptical about whether President Obama’s $447 billion American Jobs Act will actually help the nation’s employment situation, according to a Bloomberg National Poll conducted last weekend. The unemployment rate has stagnated at… Obama Approval Unaffected by Jobs Bill