For Fed rate watchers, it’s halftime. Nothing’s happening; we might as well get some popcorn. Another pause in interest rate moves was announced on March 19. The low end of the target federal funds rate has been at 4.25% since before Christmas. Washington and the world are waiting to see what happens next to the…
Texas couple makes $161,000 per year — but is drowning in $90,000 credit card debt, spent $20,000 on California vacation. Caleb Hammer shames them for ‘acting like you’re multimillionaires’ Earning $161,000 a year and living in Texas, which is a relatively low-cost, low-tax state, should present an easy path to financial freedom. But for this…
Bilt Rewards, an app that gives customers perks for paying their rent on time, is launching a first-of-its-kind points program for home purchasers. The New York-based startup announced Thursday it has struck a deal with eXp realty – the largest independent real estate company in the world with more than 85,000 agents – who will…
Credit cards aren’t just about spending. They are also powerful tools that that, when used wisely, can help you save money, manage debt and even earn rewards. Whether you’re looking to cut down on interest payments, earn cashback on everyday purchases, rack up air miles for your next holiday, or avoid fees while traveling abroad,…
“It’s everywhere you want to be.” That was the tag-line of an advertising campaign launched for Visa credit cards in the 1980s. The slogan works equally well for the US dollar, despite a lot of angst over the status of the world’s main reserve currency. And that’s true even in places you might not expect—like…
The U.S. Justice Department is suing Visa, accusing the company of abusing its market dominance to stifle competition for more than a decade.The antitrust lawsuit, filed in federal court in New York, alleges that Visa penalizes merchants and banks that don’t use its payment processing technology for debit transactions, despite other available options. “Visa’s unlawful…
Your financial playing field just shifted. For the first time in four years, the Federal Reserve reduced interest rates, announcing a jumbo cut of 50 basis points. It’s the sort of move usually deployed in a crisis, but the American economy remains strong. Inflation is trending down. Markets are up. What does this mean for…