Despite tough times for Tesla, EV sales set new record in second quarter
The electric vehicle (EV) market is in full swing globally, despite some tough times for EV-giant, Tesla. In Q2 2024, electric vehicle sales grew 11.3% in the U.S., according to a report from Kelley...
View ArticleStocks, recession, Fed, jobs, Boeing, Chevron
Anemic job growth, manufacturing data slams stocks Dow, S&P 500 post steep weekly losses; Nasdaq falls into correction territory Recession predictor lights up, spooking Wall Street Fed Chair...
View ArticleJuly jobs report breakdown: Which industries hired the most workers?
Job growth sputtered in July as many industries like manufacturing, retail and trade pulled back on hiring. Employers added 114,000 jobs in July, the Labor Department said in its monthly payroll...
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Millennials and Retirement – Ramsey
STUDY SUMMARY 58% of Millennials are currently saving for retirement. Millennials are as likely to know how much money they’ll need to retire as Baby Boomers or Gen Xers. Millennials begin saving for...
View ArticleSchooling Your Teens on Credit Cards: What You Need to Tell Them
You’ve done all the paperwork, they have their supplies, and their books have been ordered. Your college kid is ready, but are they ready for their first credit card? Navigating the complexities of...
View ArticleHow to get out of debt with a low income
Key takeaways Higher inflation and lower wages are increasing outstanding debts, especially among lower-income households. The steps to take include understanding what you owe, budgeting, resisting...
View ArticleFed keeps rates on hold, signals possible rate cut in September
The Federal Reserve left interest rates unchanged but hinted that the time to cut them could be coming soon, as inflation improves and the unemployment rate edges up. The news means that the U.S....
View ArticleIf you invested $1,000 in Nvidia 10 years ago, here’s how much money you’d...
Nvidia’s stock has performed unbelievably well over almost any time period, creating enormous wealth for its shareholders. The company has grown from a relatively unknown designer of chips used in...
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How to request a credit line increase with Capital One
Key takeaways While some credit card issuers will automatically increase your credit limit over time if you qualify, you can also request a higher limit. Capital One lets users request a higher credit...
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When to Start Saving for Retirement
Determining when to start saving for retirement can have a major impact on your financial future. Beginning early allows you to take full advantage of compound interest, which is when you earn money...
View ArticleWill Gen AI Agents Transform Financial Services?
It’s barely 20 months since OpenAI launched ChatGPT, but in that short time we’ve seen a dramatic change in how financial services executives think about the future of their organizations. What has...
View ArticleMortgage rates drop to new low as Fed grows closer to slashing interest...
Mortgage rates dropped again this week to the lowest level since February in anticipation of the Federal Reserve cutting interest rates by 25 basis points in September, according to Freddie Mac. The...
View ArticleCoca-Cola to pay $6 billion in back taxes and interest to the IRS after tax...
Coca-Cola announced Friday it will pay $6 billion in back taxes and interest after a ruling in a case dating back nearly 20 years with the IRS. The dispute covers fiscal years 2007-09, which is when...
View ArticleA closely tracked recession signal just got triggered by the July jobs report
The weaker-than-expected July jobs report triggered a reliable recession indicator that Wall Street closely monitors, reigniting concerns about the health of the U.S. economy and sparking a steep...
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Money and Marriage: 7 Tips for a Healthy Relationship
Do you think combining money and marriage is a recipe for disaster? You’re not alone. Money is the number one issue married couples fight about, and it’s the second leading cause of divorce, behind...
View Article5 ways to save for an unexpected job loss
Key takeaways Build an emergency fund so you’ll be prepared in the event of a job loss. Consider taking on a side hustle to build your nest egg. Devise a budget and work on improving spending habits....
View ArticleBest municipal bond funds
While stocks get most of the attention in the investment world, municipal bonds can play an important role in a diversified portfolio and may come with attractive tax advantages. Municipal bonds, or...
View ArticleA guide to foreign transaction fees
Key takeaways Foreign transaction fees are surcharges paid by credit card holders on international transactions. These fees typically range from 1 to 3 percent of the total purchase. Although...
View ArticleWe’re 62 With $1.1 Million in 401(k)s. Should We Convert $100,000 Per Year to...
Converting 401(k) funds into Roth accounts can reduce or eliminate the need to take Required Minimum Distributions (RMDs) that can bump you into a higher tax bracket in retirement. Voluntary Roth...
View ArticlePersonal finance weekly news roundup August 3, 2024 ~ Credit Sesame
Credit Sesame’s personal finance news roundup August 3, 2024. Stories, news, politics and events impacting personal finance during the past week. Federal Reserve leaves interest rates unchanged...
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