NEW YORK (Reuters) – Tina Smets had long thought about getting a college degree, but that seemed impossible. As a mom of three kids, waitressing nights at a local restaurant in Kearney, Nebraska, the 31-year-old did not want to saddle her young family with ton... More »
FRANKFURT (Reuters) – As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus wit... More »
NEW YORK (Reuters) – George Curtis is facing a severe financial crisis. He has to be out of his Swarthmore College dorm room by Sunday. He lost his campus job and cannot travel home to Montana from the Philadelphia-area liberal arts college because he is not f... More »
NEW YORK (Reuters) – When Kristin Tassi bought her house in Chicago two years ago, she was disappointed to get an interest rate of 4% on her mortgage. All of her friends had lower rates. Experts said rates were on the way up from that point forward, but Tassi ... More »
NEW YORK (Reuters) – Spoiler alert: None of the useful things you can do about your money right now involve your 401(k). Financial advisers tend to caution long-term retirement investors to stay the course during times of high volatility, like now with financi... More »
NEW YORK (Reuters) – When clients tell financial adviser Catherine Valega that they want to invest their money in women, they are not always clear what they mean. To be honest, there is no real answer yet. If you have less than $1 million, investing with a gen... More »
NEW YORK (Reuters) – When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only “do good” when he was actively giving the money away to needy causes. Then Cordes discovered impact investing. “We b... More »
NEW YORK(Reuters) – Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear. The future is not quite shaping up like that for... More »
NEW YORK (Reuters) – If you have gone to Goldman Sachs Group Inc’s (GS.N) internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe. Visitors are met with a background of lush greenery, alon... More »
NEW YORK (Reuters) – Emotions — and expenses — often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that by five years after a divorce, most people... More »
NEW YORK(Reuters) – It is hardly a secret that people rarely stick to New Year’s resolutions – only about 8% of people actually make it to the finish line with their goals, according to studies from the University of Scranton, in Pennsylvania. So here is a bet... More »
NEW YORK (Reuters) – It is not often that a spending bill in Congress will make regular Americans run to their financial planners for emergency help before the holidays. But the Senate is poised to pass a spending bill on Friday that includes a huge swath of l... More »
NEW YORK (Reuters) – The United States may not have had a woman president quite yet, but on TV it certainly has. One of those was Mellie Grant, the character played by Bellamy Young on the Shonda Rhimes hit “Scandal” before it ended last year. Now one of the s... More »
NEW YORK (Reuters) – Tax-loss harvesting is all about finding losers in your investment portfolio to offset winners so you pay less tax. That is not easy in a year when the S&P 500 is up 26%. “The best-case scenario is to capture losses when the market is down... More »
NEW YORK (Reuters) – Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune. The 80-year-old entrepreneur of Rosen Hotels & Resorts, who grew up on the Lower East... More »
NEW YORK (Reuters) – First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season – around $730 billion in November and December, according to the National Retail Federation. Online shopping alone is expected t... More »
NEW YORK (Reuters) – Most people’s basic knowledge of investing is that their portfolio should be a mix of stocks and bonds. That is usually enough to get by in the stock market – pick up a popular S&P 500 index exchange-traded fund or two and you will probabl... More »
NEW YORK (Reuters) – How interested are people in trading stocks for free? Very. In early October, after TD Ameritrade announced it was switching to zero commissions from $6.95 on most trades, client call volume increased 20% and new client call volume shot up... More »
(The writer is a Reuters contributor- the opinions expressed are his own.) By Chris Taylor NEW YORK(Reuters) – When Charles Schwab stares intently at his smartphone, you can be sure of one thing: He is checking the stock market. The 82-year-old has been in a h... More »
NEW YORK(Reuters) – Rock-bottom interest rates may be great for lots of people – but not for savers. With a brand-new quarter-point rate cut from the Federal Reserve and ten-year government bonds yielding 1.84%, there is almost nowhere for them to go. That is ... More »
NEW YORK (Reuters) – There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts. As it stands, only 57% of American adults can be considered financially literate, according to a global survey by ... More »
NEW YORK (Reuters) – U.S. tax reform is finally catching up with the college financial aid process, and the synchronization is off to a rocky start. The Free Application for Federal Student Aid (FAFSA) for the 2010-2021 academic year became available on Oct. 1... More »
NEW YORK (Reuters) – Harvard Business School is known for guiding the next generation of financial leaders through compelling case studies in management, innovation and global intelligence. Now the curriculum includes impact investing, which incorporates posit... More »
NEW YORK (Reuters) – If you are seriously ill and homebound, or starting to be prone to forgetfulness, do you have someone you trust with your ATM code to run out and get you some cash? Are you really sure? Elder financial abuse runs the gamut from stranger da... More »
NEW YORK (Reuters) – Big companies are increasing incorporating virtual technology and care options into employee benefit plans to combat the rising healthcare costs that long been corporate America’s bugaboo, according to the annual survey of the National Bus... More »
NEW YORK (Reuters) – Buying a grill can be a burning issue for barbecue aficionados. I found this out when, as a new suburban resident with a patio, I asked for advice on which model to choose. “For most people the choice is mainly a budget issue,” said Mark B... More »
NEW YORK (Reuters) – If you had $50 billion to try to solve the world’s worst problems, what exactly would you do? That is the daunting challenge that faces Dr. Sue Desmond-Hellmann when she walks into her office every morning as president of the Gates Foundat... More »
NEW YORK (Reuters) – The cost of borrowing money for college in the United States just got a little bit cheaper. The federal government lowered interest rates for student loans starting July 1. New rates for direct undergraduate loans are 4.53%, down from 5.05... More »
NEW YORK (Reuters) – The Internal Revenue Service would like American taxpayers to look over their paystubs and make sure they are withholding the right amount – please. In the first year of the new tax law, 2018, Americans underestimated how much they needed ... More »
NEW YORK (Reuters) – The days of guaranteed pensions from work are long gone, but can annuities make up the difference for millennials? Congress is on the cusp of passing retirement reform legislation that will open 401(k) plans to annuity products which guara... More »
NEW YORK (Reuters) – Fathers pass down many things to their kids, but not just genetic traits like eye color or hairlines. Another inheritance, perhaps the most impactful of all: Money habits. After all, kids see and hear much more than you realize. So if you ... More »
NEW YORK (Reuters) – For the Parkers of Houston, Texas, there will be no summer vacation this year because they are still paying off the dent in their finances left by 2017’s Hurricane Harvey. The couple joins a growing list of people forced to renovate or com... More »
NEW YORK (Reuters) – Saving for retirement is such a lofty goal that the U.S. government has always been willing to give tax incentives to encourage people to do more of it. But times change, and the retirement reform bills that are on a fast-track through Con... More »
(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.) By Beth Pinsker NEW YORK (Reuters) – Is your college-bound child a good credit risk? Consider this very carefully before cosigning a private student loan. S... More »
NEW YORK (Reuters) – If your phone log is anything like mine, the list of incoming scam calls makes it look like you work for the State Department: Sri Lanka, Lithuania, Russia, Bosnia, Benin, Croatia and Sierra Leone. And if you are anything like me, the thou... More »
NEW YORK(Reuters) – Stressed out by the tax deadline on April 15? Yes, of course, there is an app for that. Some 52 percent of Americans find the filing process stressful, according to a survey by tax-prep firm TaxSlayer. That is why wellness app Headspace is ... More »
NEW YORK (Reuters) – If you are looking for steady work, it is probably best not to go into show business. Unless you are Peter Krause, that is. The 53-year-old Minnesota native has been a staple of U.S. TV screens for years, with roles in shows like “Sports N... More »
NEW YORK (Reuters) – Everyone knows the Golden Rule of business is to pay yourself first. But more than half of small business owners are going months without pay – if they are taking any at all. About a quarter of these entrepreneurs go two to six months with... More »
NEW YORK(Reuters) – Can regular people calculate their state taxes in light of the new U.S. tax law? No way, experts say. “There isn’t a way to figure it out,” said Craig Smalley, an enrolled agent tax preparer in Orlando, Florida. “I’ve worked with clients al... More »
NEW YORK (Reuters) – One thing we have learned in the United States this tax season: Refunds make Americans happy – and not getting one, or getting a smaller one, makes them mad. The number of refunds for 2018 returns is down 26.5 percent, and the dollar amoun... More »
NEW YORK (Reuters) – Anyone with a boring 9-to-5 job and some culinary talent has at some point probably dreamed of opening their own food truck. Just think of it: Hitting the road, hanging out at music festivals, making delicious food, being your own boss. Wh... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) Next time you go out for a drink with friends, take a look around and see what people are sipping. Instead of Merlot or Rum-and-Coke, you might find a lot more spar... More »
NEW YORK (Reuters) – How U.S. schools calculate financial aid is so confusing that there is an entire industry devoted to unlocking its secrets with books, consultants and websites. Most parents are probably not aware that Stanford University in Palo Alto, Cal... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) How exactly does one get started on the road to saving the planet? We talked to a few environmental heroes about the jobs that got them started in life and activism... More »
NEW YORK (Reuters) – The U.S. Internal Revenue Services is closed, thanks to the government shutdown, but your taxes are still due on April 15 and that is why individuals need to proceed through tax season as if nothing is amiss, experts say. The opening day o... More »
(Reuters) – Police in New Jersey on Thursday urged people who grabbed banknotes that spilled out of the back of an armored truck during rush-hour traffic to return the cash, no questions asked. East Rutherford police began receiving calls at around 8:30 a.m. E... More »
NEW YORK (Reuters) – Here is some good news to hold onto this holiday season: Americans are giving more than ever. Last year, Americans gave a total of $410 billion to worthy causes, according to Giving USA, surpassing $400 billion for the first time ever. And... More »
NEW YORK (Reuters) – In any history of hip-hop, one name keeps popping up over and over again: Andre Harrell. From working alongside Def Jam co-founder Russell Simmons to founding his own label Uptown Records, Bronx-born Harrell seems to be everywhere at once ... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) Over the past year, Angela Bassett has been showing her wide acting range as mother of superhero T’Challa in “Black Panther” and a CIA director in the new “Mission:... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) Based on the years Alan Alda has spent in your living room, you may think the 82-year-old actor is one of your best friends. His ability to connect with audiences –... More »
NEW YORK (Reuters) – My kids got a great report from the dentist at their last checkup. From the receptionist? Not so much. When I went to make an appointment for their next cleaning in six months, she shocked me by saying I owed nearly $3,000 in charges datin... More »
(Reuters) – (The author is a Reuters contributor. The opinions expressed are her own.) Twenty years ago, Seth Goldman succeeded in his years-long quest to find an after-run drink that was tasty, yet low in sugar and calories. His Honest Tea is now ubiquitous i... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) You have no doubt heard the name Zuckerberg. But what you may not know is that the family has more than one media mogul around the holiday dinner table. Mark’s sist... More »
NEW YORK (Reuters) – TV news viewers may recognize one reporter who pops up in trouble spots all over the world: From the 2010 earthquake in Haiti, to the Boko Haram kidnappings in Nigeria, to assorted crises in Mali, Thailand, Algeria and the Mideast. In an e... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) What is a fitting follow-up to Steve Ballmer’s career at Microsoft, where he was one of the tech giant’s first employees and longtime CEO? How about becoming co-own... More »
LONDON (Reuters) – Switzerland’s banking and monetary system is facing the possibility of a huge shake-up, and while the possibility looks remote, investors are buying up insurance against swings in the franc and the shares of the biggest Swiss lenders. Swiss ... More »
LONDON (Reuters) – Shares in lender CYBG rose as much as 3 percent on Monday after it announced a revised bid for rival Virgin Money (VM.L), increasing the likelihood of a deal that would create a new competitor to Britain’s biggest banks. CYBG, owner of Clyde... More »
NEW YORK (Reuters) – Without music, life would be a mistake, according to the German philosopher Friedrich Nietzsche. Yet some of the world’s most famed musicians did not begin their careers belting out hits onstage. They had to endure scrappy jobs, just like ... More »
NEW YORK (Reuters) – When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals – as long as they reduce the amount of money they save, that is. According to the latest “How America Saves for Coll... More »
NEW YORK(Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) In Hollywood, fame can be fleeting and a career with staying power is even more unusual. Antonio Banderas has managed to fashion the latter, developing from a young ... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) There are plenty of challenging jobs in America. But as anyone with a child will tell you, the hardest one of all is being a parent – and it is not even a close cal... More »
April 25 (Reuters) – – Amanda Farris got an ATM card from her father when she was about 13. Her dad told her to treat it like cash and taught her how to tap her allowance and the money she made working odd jobs. Now, at 25, Farris and her husband are fully ind... More »
NEW YORK (Reuters) – Women have a math problem when it comes to retirement: On average, they retire two years earlier than men but they live five years longer. The obvious solution is to make sure women save enough money to cover the longer spread and to work ... More »
NEW YORK (Reuters) – Every actor dreams of extreme success, but there is also a downside: That you will forever be known as the character you played. That is the challenge facing Michael Imperioli, who to every fan of famed HBO series “The Sopranos,” is Christ... More »
NEW YORK (Reuters) – A cute Maltipoo puppy could never harm anyone, right? But looks can be deceiving. Dogs of any size or breed could inflict serious damage, leading to large insurance claims. Over the past 14 years, canine-related injuries – from bites to ac... More »
FILE PHOTO: U.S. National Security Advisor Susan Rice heads to her seat before a ceremony awarding the Presidential Medal of Freedom to various receipients in the East Room of the White House in Washington, U.S., November 22, 2016. REUTERS/Carlos Barria NEW YO... More »
NEW YORK (Reuters) – It stands to reason that getting involved in your community helps others. But what if it helped your own bottom line, as well? That is the finding of a new survey from financial giant MassMutual, which discovered that nearly half of the Am... More »
FILE PHOTO: A resident holds the hand of a nurse at the SenVital elderly home in Kleinmachnow outside Berlin May 28, 2013. REUTERS/Thomas Peter NEW YORK (Reuters) – Amanda Singer had her plate full running a dance studio in Massachusetts. But after her mother ... More »
FILE PHOTO – A visitor takes a picture of the Instagram application logo at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau NEW YORK (Reuters) – Jessica Jones, 26, jokes that when she wants to spend more money, she goes... More »
U.S. service member stands guard as an U.S. military transport plane lands at the Kandahar air base, Afghanistan January 23, 2018. REUTERS/Omar Sobhani – RC1A69651DE0 NEW YORK (Reuters) – No matter how U.S. tax policies evolve in the future, it is doubtful tha... More »
David Silverman, director nominated for Animated Short Film for “Maggie Simpson In The Longest Daycare” and Matt Groening (R) arrive at the 85th Academy Awards in Hollywood, California February 24, 2013 REUTERS/Adrees Latif NEW YORK (Reuters) – Think of the go... More »
FILE PHOTO – A woman walks with her dog into the surf at Fingal Beach, located just 1 km (0.62 miles) south of the Queensland and New South Wales border, near the town of Tweed Heads June 22, 2013. REUTERS/David Gray NEW YORK(Reuters) – Try to imagine the “wor... More »
A generic picture of a some office folders or binders. OFFPO REUTERS/Catherine Benson NEW YORK (Reuters) – Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, ... More »
Graduating seniors line up to receive their diplomas during Commencement at Wellesley College in Wellesley, Massachusetts, U.S., May 26, 2017. REUTERS/Brian Snyder (The Jan. 10 story was refiled to clarify description of Sallie Mae as a student loan lender ins... More »
FILE PHOTO: Drew Gilpin Faust speaks to reporters after being introduced as the 28th president of Harvard University in Cambridge, Massachusetts February 11, 2007. REUTERS/Adam Hunger NEW YORK (Reuters) – (This January 4 story has been refiled to remove refere... More »
FILE PHOTO: 70th Cannes Film Festival – Model Petra Nemcova poses on the red carpet prior to the screening of the film “Nelyubov” (Loveless) in Cannes, France, May 18, 2017. REUTERS/Stephane Mahe/File Photo NEW YORK (Reuters) – If Petra Nemcova’s life were a m... More »
FILE PHOTO: Chickenfoot guitarist Joe Satriani (L) performs with singer Sammy Hagar during the 43rd Montreux Jazz Festival early July 5, 2009. REUTERS/Denis Balibouse/File Photo (The writer is a Reuters contributor. The opinions expressed are his own.) By Chri... More »
A man walks the campus of the City College of New York in the Harlem borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz NEW YORK (Reuters) – In the lead-up to the conference agreement for the U.S. Tax Cut & Jobs Act released on Friday, there w... More »
Designer Vivienne Tam celebrates the successful completion of her Fall/Winter 2012 collection show during New York Fashion Week February 15, 2012. REUTERS/Carlo Allegri/File Photo NEW YORK (Reuters) – Some of us are fortunate to find a calling in life early on... More »
U.S. outgoing Federal Reserve Chair Janet Yellen arrives for a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst NEW YORK (Reuters) – When the U.S. Federal Reserve raises ... More »
BRUSSELS (Reuters) – Britain will honor all its financial obligations to the European Union as part of its divorce bill, but the payments will not be required any earlier than if Britain had remained an EU member, the EU’s chief negotiator Michel Barnier said.... More »
Undated handout photo of author Luvvie Ajayi. REUTERS/Chuck Olu-Alabi/Handout NEW YORK (Reuters) – Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are c... More »
Casper CEO Philip Krim speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – If any industry is in the throes of total disruption right now, it is retail. Some brick-an... More »
FILE PHOTO – Volunteers sort donated clothes for Caribbean refugees whose homes were destroyed by Hurricane Irma, at a convention centre in San Juan, Puerto Rico September 14, 2017. The hashtag on the sign reads “Puerto Rico embraces you.” REUTERS/Alvin Baez N... More »
Movie director Ridley Scott says he is confident of finishing reshoots on "All the Money in the World" in time for its planned December release after a scramble to replace actor Kevin Spacey because of sexual misconduct allegations. More »
An aide adjusts a sign prior to a news conference announcing the passage of the “Tax Cuts and Jobs Act” at the U.S. Capitol in Washington, U.S., November 16, 2017. REUTERS/Aaron P. Bernstein NEW YORK (Reuters) – At a retirement community near Chicago, Jay Scha... More »
With the fate of the Affordable Care Act up in the air after President Donald Trump took office in January, some taxpayers skipped a question on their 2016 returns that asked them to certify whether they had health insurance. More »
Jordan Belfort inspired the feature film "The Wolf of Wall Street," which starred Leonardo DiCaprio and portrayed the wealth and excesses that the head of former Long Island brokerage Stratton Oakmont enjoyed back in the 1990s. More »
Bourbon is a multi-billion-dollar business, but it began with just a few pioneering Kentucky families from Bardstown who all lived down the road from each other. More »
If you were not yet convinced that your personal data was at risk from cyber thieves, the latest breach of 143 million consumer records at credit bureau Equifax should scare you straight. More »
You have to be pretty tough to make it as a four-star general in the U.S. military. So it makes sense that some top military commanders would get their starts working in rigorous first jobs. More »