Latest Personal finance News

FILE - In this Jan. 9, 2020, file photo specialist Brian Giannettino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 24. (AP Photo/Richard Drew, File)

Stocks fall slightly as banks drop; Intel propels tech

Jan. 24, 2020 10:50 AM EST

NEW YORK (AP) — Stocks fell slightly in early trading Friday as a blowout earnings report from chipmaker Intel propelled technology shares higher and offset declines in health care and financial companies. The technology sector was givenaaaa an additional boost from Broadcom, which landed a deal to supply...

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 24, 2020. Shares are mostly higher in quiet trading as China closes down for its week-long Lunar New Year festival. (AP Photo/Eugene Hoshiko)

Asian markets gain as China closes down for Lunar New Year

Jan. 24, 2020 12:08 AM EST

BANGKOK (AP) — Shares were mostly higher in quiet trading on Friday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak of a new virus that has killed 25 people and sickened more than 800. Japan's Nikkei 225 index rose less than 0.1% to 23,811.54 and in...

A glance at US mortgage rates: 30-year loan at 3.60%

Jan. 23, 2020 12:14 PM EST
This week Last week Year ago 30-year fixed 3.60 3.65 4.45 15-year fixed 3.04 3.09 3.88 5-year adjustable 3.28 3.39 3.90
In this Jan. 9, 2020, photo a sold sign is posted on a real estate sign in front of the foundation of a pre-constructed home in Derry, N.H. On Thursday, Jan 23, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Charles Krupa)

Long-term US mortgage rates slump to 3-month lows

Jan. 23, 2020 11:27 AM EST

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week to their lowest level in three months, deepening the incentive for prospective homebuyers although they face eroded affordability as prices continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year...

Critics: consumers should be wary of short-term health plans

Jan. 22, 2020 5:09 PM EST

FORT LAUDERDALE, Fla (AP) — Consumers who bought short-term health insurance thinking they had found a better deal than “Obamacare” during the open enrollment season may be in for a shock when they show up at their doctor’s office this year. The low-cost plans aren't required to cover...

FILE - In this Dec. 22, 2017, file photo people shop at the Pentagon City Mall in Arlington, Va. Clothing retailers, particularly those in malls, have been devastated by changing consumer behavior. More than 9,000 stores were shuttered last year. (AP Photo/Susan Walsh, File)

Express, seeking revival, to close 100 stores

Jan. 22, 2020 4:49 PM EST

NEW YORK (AP) — Express, a staple in U.S. malls, will close about 100 stores as part of a restructuring plan as the chain grapples with drastic changes in where people spend their shopping dollars. The retailer that caters to younger shoppers said earlier this month that it was laying off 10% of the staff...

FILE - In this Nov. 26, 2019, file photo a UPS man delivers a package to a residence in North Andover, Mass. After reviewing 200 of the top shopping sites, including Amazon, eBay and Macys.com, a study by the University of Michigan’s School of Information found that the sites had an average of 19 features that could encourage impulse buying, such as limited-time discounts and wording that made an item seem like it was almost out of stock. (AP Photo/Elise Amendola, File)

Sale ending soon? How online stores trick you into buying

Jan. 22, 2020 3:59 PM EST

NEW YORK (AP) — Sale ending soon! Only two left! This is a hot item! If you’ve shopped online, you’ve probably seen those messages. What you may not realize: They’re designed to make you spend more. Online stores have adopted tricks used for years by infomercials and home shopping...

FILE - This Friday, May 16, 2014, file photo, shows the General Motors logo at the company's world headquarters in Detroit. Michigan on Wednesday, Jan. 22, 2020, agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. (AP Photo/Paul Sancya, File)

GM to spend $3.5B in Michigan under revised tax credit deal

Jan. 22, 2020 3:23 PM EST

LANSING, Mich. (AP) — Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home...

FILE - In this Tuesday, Jan. 14, 2020 file photo, anti-government protesters smash a bank widows, during ongoing protests against the Lebanese central bank's governor and against the deepening financial crisis, at Hamra trade street, in Beirut, Lebanon. For years, many Lebanese have lived beyond their means, supporting their out-sized spending with loans and remittances from diaspora relatives. A severe financial crisis and unprecedented capital controls have put a stop to this, uniting rich and poor in anger against a banking system they accuse of holding their deposits hostage. (AP Photo/Hussein Malla, File)

Facing humiliating controls, Lebanese focus fury on banks

Jan. 22, 2020 1:34 AM EST

BEIRUT (AP) — Before picking up cash from a downtown bank in Lebanon's capital, Mey Al Sayegh mentally braces herself for what would have been a routine trip before the country's crippling cash crunch. For starters, it will be at least an hour's wait in line before her turn comes. And if she's lucky,...

FILE - In this Sept. 28, 2018, file photo a man uses his phone as he takes a break at U.N. headquarters. Life is full of uncomfortable conversations, including talks that involve money. As tempting as it can be for many, avoiding these tough financial discussions can yield more headaches than simply facing them head on. (AP Photo/Andres Kudacki, File)

Millennial Money: Mastering the awkward financial talk

Jan. 21, 2020 10:24 AM EST

Money, it’s a gas. Unless you need to borrow some from your parents. Then it’s a conversation many adults will avoid at all costs, even if it means paying for groceries with couch nickels. That’s not the only money conversation we avoid. More than 60% of millennials have never asked for a...