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‘Immense opportunities ahead of us': Biden celebrates lower interest rates
President Joe Biden commended the Federal Reserve’s lowering of federal interest rates during a speech at the Economic Club of Washington, D.C., on Thursday, but warned that there was still more work to do to curb inflation. “Let’s be clear: the Fed lowering interest rates isn’t a declaration of victory,” Biden said. “It’s a declaration of...
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What is the federal interest rate, and how does it impact me?
The Federal Reserve sets the federal interest rate, which can impact everything from from your mortgage to your car loans. Here’s what you need to know.
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Roblox went public 3 years ago — here's how much a $1,000 investment would be worth now
The immersive online gaming platform made its stock market debut in 2021. Here’s how much a $1,000 investment would be worth now.
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Stock market sees worst day since 2022
Shares in the parent company of Facebook, as well as Microsoft, Nvidia and Amazon fell significantly on Wednesday.
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U.S. stock exchanges say markets are operating normally, not impacted by CrowdStrike outage
A massive IT outage that is causing global disruptions apparently won’t hold up business as usual in financial markets.
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Could your buy now, pay later loans affect your credit score? Here's what you need to know
Up until now, buy now, pay later loans have been hard to track, making it easier for more households to get in over their heads. That may be about to change.
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Budgeting expert shares 6 money-saving apps you should know about
California Live’s Jessica Vilchis chats with consumer finance and budgeting expert Andrea Woroch to learn about six money-saving apps that can transform spending habits. Learn how these accessible tools can help you save on everything from groceries to gas to household bills and more!
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Women will accept $66,000 a year to take a new job — while men hold out for more than $90,000
For women, the lowest wage they would be willing to accept for a new job is $66,068, on average. For men, the minimum acceptable salary offer is $91,048.
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US judge sends FTX's Sam Bankman-Fried to jail over witness tampering
Sam Bankman-Fried heads to jail after a judge sided with a request by federal prosecutors to revoke the FTX founder’s bail over alleged witness tampering.
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54 million Americans have been in credit card debt for at least a year. Here are the best payoff strategies
More cardholders are carrying more credit card debt than ever before, and, on top of that, they’re paying record high interest rates.
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How do I know if I have ‘unclaimed money'?
One in 10 Americans has unclaimed property or money floating around. Here’s how to know if you are one of them.
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Your paycheck could clear faster now that the FedNow instant payment service for banks has launched
The Federal Reserve launched a new instant payment service Thursday. FedNow allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks.
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Another interest rate hike is likely coming from the Federal Reserve. Here are 5 ways it could affect you
The U.S. central bank has indicated another increase in interest rates is coming as it tries to further ease inflation.
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One of the world's richest self-made men started as a motel janitor—now he has a net worth of $1.2 billion
Before he founded booking platform Yanolja, Lee Su Jin started his hospitality career as a “love hotel” janitor. Now, he has a net worth of $1.2 billion.
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Billionaire Mark Cuban swears by this ‘powerful' negotiation hack: It's ‘money in the bank'
Many people opt for persuasion when negotiating. Mark Cuban prefers to stay silent instead. Here’s why.
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The 10 best US cities for earning potential—the top 3 are all on the West Coast
When it comes to the best cities for earning potential, San Jose, San Francisco and Seattle top the list.
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Here are moves parents can make to help adult child become financially independent, advisor says
These days, it can take years before young adults are able to pay their own way. However, some money moves may speed up the process.
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26-Year-Old Pays $1,157 a Month for a 240-Square-Foot Studio: ‘I Didn't Even Know They Made Apartments This Tiny'
Chi Baik, 26, is a Ph.D. student at the University of Washington in Seattle and earns about $27,000 per year.
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What Is the Dow Jones Industrial Average?
The Dow Jones Industrial Average is a stock market index of 30 large publicly-traded American companies often used as a metric to gauge the performance of the U.S. stock market. Here’s an explanation from S&P Global and Bankrate.
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What Is the S&P 500?
The S&P 500 is a stock market index that tracks the 500 largest publicly-traded American companies and is often used as a metric to gauge the overall performance of the U.S. stock market. Here’s an explanation from S&P Global and Bankrate.