Latest Personal investing News

FILE - In this March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. The Supreme Court is leaving in place a lower court ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday, June 1, 2020, declined to take the case. (AP Photo/David Karp, File)

Supreme Court declines to take Bernard Madoff trustee case

Jun. 1, 2020 10:18 AM EDT

WASHINGTON (AP) — The Supreme Court is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday declined to get involved in the case. As is usual, the justices...

This undated photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com.  (NerdWallet via AP)

Liz Weston: Find free, solid money advice in uncertain times

May. 25, 2020 9:54 AM EDT

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet. Finding someone who knows what they’re talking about, and who isn’t trying to take advantage of you,...

FILE - In this April 1, 2020, file photo, a paper envelope written with the words

How to pay rent when you can’t afford it

May. 20, 2020 1:15 PM EDT

After Megan Pearson’s job as a restaurant server was put on hold because of COVID-19 -related stay-at-home orders, the single mom had to figure out how to come up with the rent for her apartment in Brooklyn, New York. “I posted my frustration on Facebook with trying to get through to unemployment...

Idaho Land Board will stick with timberland-buying strategy

May. 19, 2020 3:04 PM EDT

BOISE, Idaho (AP) — Gov. Brad Little’s desire to make a significant course change involving a politically charged strategy on how to invest millions of dollars to benefit public schools and other beneficiaries was rejected Tuesday by his fellow members on the Idaho Land Board. Little’s motion...

Real estate agent pleads guilty in marijuana farm scheme

May. 18, 2020 7:03 PM EDT

LOS ANGELES (AP) — A real estate agent who helped Chinese investors buy Southern California homes that were turned into illegal marijuana farms has pleaded guilty to a federal conspiracy charge. Lin Li of Chino entered the plea Monday. Prosecutors say Li admitted in a plea agreement that between 2013 and...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: Should seniors consider a reverse mortgage now?

May. 18, 2020 6:57 AM EDT

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’t have to be paid back until they die, sell or move out. That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have...

FILE - In this April 5, 2020 file photo, Mexican President Andres Manuel Lopez Obrador speaks at the National Palace in Mexico City. Over the May 17, 2020 weekend, the administration of President Lopez Obrador has cited the coronavirus pandemic as a justification for new rules that will reduce the role of renewable energies like solar and wind power, granting a reprieve to the government’s own ageing, fossil-fuel power plants.  (AP Photo/Eduardo Verdugo, File)

Mexico cites virus in slapping down renewable energy

May. 17, 2020 4:48 PM EDT

MEXICO CITY (AP) — The Mexican government has cited the coronavirus pandemic as a justification for new rules that will reduce the role of renewable energies like solar and wind power, granting a reprieve to the government's own ageing, fossil-fuel power plants. The decree over the weekend has sparked...

A currency trader talks near screens at the foreign exchange dealing room in Seoul, South Korea, Friday, May 15, 2020. Asian shares were mixed Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. (AP Photo/Lee Jin-man)

Stocks manage modest gains but still end lower for the week

May. 15, 2020 4:48 PM EDT

Stocks capped another wobbly day of trading on Wall Street with modest gains Friday, though the S&P 500 still ended with its biggest weekly loss in nearly two months. The benchmark index rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the coronavirus...

FILE - In this Nov. 25, 2019, file photo a sign for TD Ameritrade is shown on an office window for the brokerage in New York. The lure of snapping up stocks at bargain prices has been too strong to pass up for many people, even as uncertainty over the coronavirus pandemic clouds the market and global economic outlook. Stuck at home, but armed with online trading apps, individual investors helped drive the historic comeback for stocks since late March 2020.  (AP Photo/Mark Lennihan, File)

Buying the plunge: Individual investors remain optimistic

May. 14, 2020 1:07 PM EDT

LOS ANGELES (AP) — The lure of snapping up stocks at bargain prices has been too strong to pass up for many people, even as uncertainty over the coronavirus pandemic clouds the market and global economic outlook. Stuck at home, but armed with online trading apps, individual investors helped drive the...

FILE - In this Nov. 15, 2019, file photo an Uber office is seen in Secaucus, N.J. Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic. (AP Photo/Seth Wenig, File)

Uber loses $2.9 billion, offloads bike and scooter business

May. 7, 2020 7:53 PM EDT

NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its...