Latest Personal spending News

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 June 17, 2019 file photo, The Supreme Court is seen in Washington. The Supreme Court will consider Trump administration rules expanding religious, moral exemptions from contraceptive coverage.  (AP Photo/J. Scott Applewhite)

Court to look anew at health care law birth control rules

Jan. 17, 2020 4:51 PM EST

WASHINGTON (AP) — The Supreme Court will consider allowing the Trump administration to enforce rules that allow more employers to deny insurance coverage for contraceptives to women. The justices agreed Friday to yet another case stemming from President Barack Obama's health care overhaul, this time about...

FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier.  (AP Photo/John Minchillo, File)

Target, like other retailers, did not have a Merry Christmas

Jan. 15, 2020 1:06 PM EST

Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong. Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the previous year....

FILE - In this Dec. 4, 2017 file photo, a person looks over a health insurance benefit comparison chart in Georgia. The new year often starts harshly for people with high-deductible health insurance. Many of those deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care before most coverage starts. (AP Photo/David Goldman, File)

On the Money: Confronting fresh health insurance deductibles

Jan. 15, 2020 12:26 PM EST

The new year often starts harshly for people with high-deductible health insurance. Many deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care or prescriptions before most insurance coverage starts. Such a financial hit can be brutal for patients with cancer or a chronic condition, some...

FILE - In this Dec. 17, 2019, file photo Amazon packages move along a conveyor prior to Amazon robots transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. Cashless shopping is convenient, but it can be a budget-buster. This year, make it more difficult to spend money online. This could help cut out some of your impulse purchases. (AP Photo/Ross D. Franklin, File)

Millennial Money: Don't shop this way in 2020

Jan. 14, 2020 1:37 PM EST

Overspending can be a serious downer for your budget. Kind of like that person in the movie theater who kicks the back of your seat: It’s annoying, distracting and ruins your experience. But that doesn’t mean you should stop spending entirely, just like you don’t have to stop going to the...

FILE - In this Feb. 8, 2019, file photo, the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange.  Citigroup’s fourth-quarter profits rose by 15% from a year earlier, as the bank benefited from a boost in trading similar to its competitor JPMorgan Chase. Citi said Tuesday, Jan. 14, 2020,  that bond trading revenues were up 49% from a year earlier, when a steep downfall in the last quarter of 2018 took its toll on all banks’ trading desks.  (AP Photo/Richard Drew, File)

Citigroup profits rise 15%, helped by trading like JPMorgan

Jan. 14, 2020 9:08 AM EST

NEW YORK (AP) — Citigroup's fourth-quarter profits rose by 15%, as the banking conglomerate benefited from a boost in trading similar to competitor JPMorgan Chase. The New York-based bank said Tuesday that it earned a profit of $4.98 billion, or $2.15 per share, compared with a profit of $4.3 billion, or...

Prosecutor: Former top stockbroker 'built business on lies'

Jan. 13, 2020 6:17 PM EST

A former financial planner who was kicked out of the securities industry and ordered to pay millions of dollars in damages to customers he allegedly tricked into high-risk investments went on trial Monday on criminal fraud charges. Anthony Diaz was fired by a series of brokerages amid persistent customer...

NAACP lawsuit claims Census Bureau is unprepared for count

Jan. 13, 2020 2:46 PM EST

ORLANDO, Fla. (AP) — Calling preparations for the 2020 Census “conspicuously deficient,” the NAACP is suing the U.S. Census Bureau, demanding that the agency send more workers into the field and spend more money on encouraging people to participate in the once-a-decade head count. The civil...

Democratic Presidential candidate and former New York City Mayor Michael Bloomberg speaks during a rally Friday, Jan. 10, 2020, in Atlanta. (AP Photo/John Bazemore)

Can cash buy the Dem nomination? Two billionaires are trying

Jan. 11, 2020 12:51 AM EST

WASHINGTON (AP) — Billionaires Michael Bloomberg and Tom Steyer are testing an unproven theory in the contest for the Democratic presidential nomination: that their vast personal wealth can buy the trophy. Not since Texas businessman Ross Perot spent $63.5 million in 1992 (more than $100 million in today's...

California Gov. Gavin Newsom gestures toward a chart showing the growth of the state's rainy day fund as he discusses his proposed 2020-2021 state budget during a news conference in Sacramento, Calif., Friday, Jan. 10, 2020.. (AP Photo/Rich Pedroncelli)

California budget plan aids teachers, those in US illegally

Jan. 10, 2020 8:54 PM EST

SACRAMENTO, Calif. (AP) — California's governor revealed a spending plan on Friday that puts a new tax on vaping, gives $20,000 to teachers who commit to working in high-needs schools and gives taxpayer-funded health benefits to older adults living in the country illegally. Gov. Gavin Newsom's $222 billion...