The Fed is keeping rates paused for now, but that doesn’t mean affordable borrowing options have disappeared. Muhammad Aqib/Getty Images At the close of its meeting this week, the Federal Reserve left its benchmark rate unchanged at a range of 3.5% to 3.75% for the fourth meeting in a row — the first decision under … Read more
Money market accounts have multiple, timely features that savers should understand right now. Patrick Strattner/PS Photography/Getty Images In today’s high interest rate climate, there is no shortage of attractive savings accounts to choose from. Certificate of deposit (CD), high-yield savings and money market accounts all come with interest rates around 4% right now. But only … Read more
Inherited money can have a big impact on your budget, but that doesn’t mean it’s automatically shielded from creditors. Dragon Claws/Getty Images With inflation elevated and now climbing, borrowing costs remaining high and household debt balances growing, most Americans are feeling at least some of the pressure this economic landscape is putting on their finances. … Read more
A new Washington Post report says President Trump’s White House ballroom could cost $600 million, with half the cost borne by taxpayers. Sarah Blaskey, an investigative reporter at The Washington Post who helped break the story, joins “The Takeout” to discuss. Source link
Retirement accounts often carry important legal protections, but inherited IRAs follow a unique set of rules. Seksan Mongkhonkhamsao/Getty Images Few assets are protected as fiercely as a retirement account. Federal law walls off your own IRA and 401(k) from most creditors, and if you file for bankruptcy, that shield can stretch to over $1.7 million … Read more
From her bedroom in Miami, Daniella Rodriguez watched SpaceX hit the stock market Friday and blast off. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Rodriguez, 23, had a stake in the game: She was allocated one share of SpaceX ahead of its blockbuster initial public offering and … Read more
If your money is held at an online-only bank, are the rules different when debt collectors come calling? GaryAlvis/Getty Images For millions of Americans, online-only banks have become a practical alternative to traditional financial institutions. By offering big perks, like higher-than-average savings rates, lower fees and easy account management, these digital-first banks have attracted customers … Read more
Texas BBQ restaurants losing money on briskets due to cost of beef – CBS News Watch CBS News Beef is so expensive right now that barbecue joints are losing money on brisket and trying to steer customers to other choices. CBS News’ Jason Allen reports. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump says ‘I’d pay’ anti-weaponization fund applicants ‘the kind of money they deserve’ 06:40 UP NEXT Trump on new Fed Chair Warsh: ‘I don’t want to have a big influence on him’ 12:44 ‘I’m not going to defend … Read more
Earlier this year, Thomas Christian Owens decided to try his hand at prediction market trading for the first time. He created a Kalshi account in January. Three months and a $500 deposit later, he started betting. “It was a little bit of a birthday gift to myself to throw some money in there and just … Read more