personal finances – Charm

Klarna goes public as 3 in 4 Americans rely on buy-now, pay-later. Experts worry it’s snowballing ‘quickly into a serious financial burden’

Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry. Klarna, known for its short-term, interest-free financing solutions…

Facing the Trump Tariffs, Markets Are Bracing for an Economic Storm

Cs news5 months ago5 months ago018 mins

It is in a president’s interest to ensure that the economy and the stock market are strong. Yet the Trump administration has been doing just the opposite. The mood in the markets has been upbeat this week, largely because the president and his advisers softened their stances, rolling back some of their threats toward both…

The Treasury Secretary Is Wrong About How Most Retirees See the Stock Market

Cs news5 months ago5 months ago011 mins

Last weekend, Treasury Secretary Scott Bessent went on television and said people who wanted to retire right now were not paying attention to the stock market. On the NBC program “Meet the Press,” referring to those who have “put away for years in their savings account,” he said the following: “I think they don’t look…

6 Ways to Calm Your Anxiety When Economic Stress Flares

Cs news5 months ago5 months ago018 mins

Even before this year’s economic turmoil hit, financial anxiety among Americans was running high. Really high. Four out of five Americans in a survey for Discover last year said they were worried about their money situation, with inflation, everyday expenses and the state of the economy leading a litany of concerns. Nearly two-thirds said they…

Scott Bessent, the Treasury Secretary, Needs Better Data on Your Retirement

Cs news5 months ago5 months ago07 mins

Trump administration officials made the rounds this weekend to try to answer the nearly unanswerable: Why tank the stock market by starting a trade war? And are you subtracting trillions of dollars in unrealized losses out of people’s savings on purpose? Treasury Secretary Scott Bessent’s appearance on NBC’s “Meet the Press” was particularly odd. “Most…

The Fed Isn’t Rushing to Save the Markets This Time

Cs news5 months ago5 months ago013 mins

The notion that the Federal Reserve will rush in to rescue investors in a crisis has comforted investors for decades. But in the big market downturn induced by President Trump’s tariffs, no Fed rescue is in sight. Jerome H. Powell, the Federal Reserve chair, made that clear on Friday. The tariffs are much “larger than…

How Some Investors Are Protecting Their Money Amid Stock Market Woes

Cs news6 months ago6 months ago014 mins

After the dot-com bubble burst in the early 2000s, Lars Staack decided to play it safe and invest his retirement savings in S&P 500 index funds, which are diversified and carry lower risk than owning individual stocks. It was a strategy that brought him peace of mind for more than two decades — until President…

37-year-old single mom went from just $10,000 in savings after her divorce to earning nearly $1 million a year at AI job

Cs news6 months ago07 mins

‘I had to make a really drastic change’: This 37-year-old single mom went from just $10,000 in savings after her divorce to earning nearly $1 million a year — here’s how she did it Going through a divorce is never easy, and financial uncertainty only adds to the stress. In 2021, Venus Wang found herself…