Credit Suisse: Why it's struggling and why that's a big deal
Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.
Quick, simple things you can do this year to improve your financial future
You know very well you could do a million things to improve your financial situation.
Biden's student loan forgiveness plan goes before the Supreme Court Tuesday. Here's what borrowers need to know
Millions of student loan borrowers could see up to $20,000 of their debt canceled depending on the outcome of Tuesday's US Supreme Court hearing on President Joe Biden's student loan forgiveness program.
Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards
Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York.
IRS says many 2022 special state payments are not subject to federal tax
The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won't be subject to federal income tax.
Roth IRA or 401(k): New retirement law increases tax-free savings options
Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income ...
Subway hopes new meat slicers will boost sales after record 2022
Subway says it had a record-setting year for sales in 2022, bolstered by a major menu revamp and store renovations. The company believes its plan to slice meat in front of customers could make 2023 another record year.
Blackouts and soaring prices: Pakistan's economy is on the brinkBlackouts and soaring prices: Pakistan's economy is on the brink
Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn't know how much an onion will cost next week, let alone how he'll be able to afford the fuel he needs to heat his home and keep his family warm.
Father On A Mission To Help Families Build Financial Freedom
Research suggests that Black families have an estimated one-eighth of the wealth that White families have.
Houston Fund for Social Justice and Economic Equity and Wells Fargo Announce First Round of Open for Business Grant Recipients
The Houston Fund for Social Justice and Economic Equity in partnership with Wells Fargo announced today the first round of Open for Business Grant recipients - 219 diverse Houston-area small businesses and non-profits will receive a combined $5 million ranging ...
National Urban League Partnership With Wells Fargo Aims to Diversity Home Appraisal Industry
Today the National Urban League and Wells Fargo announced a $5 million grant to create the Diverse Appraiser Initiative, a new program that aims to increase diversity and reduce barriers to entry in the home appraisal industry.
EV tax credits just got totally revamped. Here's what car buyers need to know
The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular electric vehicles may become eligible for a tax credit once again, while other cars that were eligible this month will not be for the ...
What Consumers Need to Know About the Future of In-Person Banking
From digital payments to video banking, the way consumers conduct basic financial transactions has changed substantially throughout the past decade, and the COVID-19 pandemic has only accelerated the trend toward digital banking. However, brick-and-mortar bank branches continue to play an ...
Warren Buffett's company lost $44 billion last quarter, but it's not really bad news
Warren Buffett is just like the rest of us. He got crushed by the plunge in the stock market during the first half of the year. But the Oracle of Omaha is undeterred by the wildness on Wall Street. Berkshire ...
Opinion: Crypto can't rely on the government to save it from itself
Cryptocurrency is having an existential crisis. Last month, crypto lender Celsius filed for bankruptcy protection. It has frozen withdrawals since June 12, and it's unclear if or when customers will get their money back. But Celsius is just one domino ...