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Monthly Archives: December 2022

Tips to pay off credit card debt

It’s getting more expensive to pay down credit card debt. The average interest rate on new credit card offers is now nearly 23%, according to LendingTree’s latest analysis. That’s up from about 22.4% in November. “Credit card interest rates are as high as they’ve ever been,” Matt Schulz, chief credit …

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Wells Fargo settlement includes $2 billion for customers. What to know

wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced …

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These biases make it harder to reach your financial goals

Bob Pisani’s book “Shut Up & Keep Talking” CNBC (Below is an excerpt from Bob Pisani’s new book “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.”) Most people like to think that they’re rational. But — at least when …

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Rite Aid, Nike, Six Flags and more

Vehicles sit parked outside of a Rite Aid Corp. store Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, …

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Secure 2.0 retirement legislation leaves a ‘huge problem untouched’

Sporrer/Rupp | Image Source | Getty Images Participation in workplace retirement plans may soon be expanded, thanks to new efforts from lawmakers on Capitol Hill. A group of retirement provisions, dubbed “Secure 2.0,” have been included in the government spending bill for the 2023 fiscal year. related investing news But …

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Fear of layoffs and not finding a new job

Filadendron | E+ | Getty Images For the majority of workers, even in a slowing economy with recession headlines published on a daily basis and stocks in a bear market, layoffs remain in the abstract. Fifty-nine percent of American workers are not concerned they or someone in their household will …

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Amid inflation, nearly 1 in 3 adults get financial help from parents

As the cost of living skyrockets, many adults are turning to a familiar safety net: mom and dad. Nearly a third of millennials and Gen Zers, over the age of 18, get financial support from their parents, according to a new survey by personal finance site Credit Karma. The site …

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‘Recession-proof’ jobs that will be in demand even during a downturn

With soaring inflation, a floundering stock market and layoffs hitting several industries, the future of the job market is uncertain at best.  “The worst is yet to come,” the International Monetary Fund warned in its latest report, adding that for many people, 2023 “will feel like a recession.”  Working professionals …

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How GOP-controlled House will attack ESG and corporate climate change

Rep. Patrick McHenry (R-NC) and Chairman of the House Financial Service Committee Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s Calibra, testifies on “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System” on Capitol Hill in Washington, U.S., July 17, 2019. Joshua …

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Rite Aid, Nike, FedEx and others

Check out the companies making headlines before the bell: Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecasts, helped by accelerated sales growth at its retail operations. However, the drugstore operator lowered its full-year guidance due …

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