Latest Personal finance News

In this undated photo, courtesy of the family of Yurancy Castillo, shows her in Lima, Peru. Castillo did not want to leave her family, but as inflation in Venezuela soared, rendering her salary as a social worker nearly worthless, the young woman decided her future rested far away, in Peru. In May, she came down with a fever and a week later went to the hospital, where after three weeks in an intensive care unit deep in southern Peru, she died at age 30. (Family of Yurancy Castillo via AP)

Lives Lost: Young Venezuelan dreamed of better life in Peru

Jul. 10, 2020 1:12 AM EDT

BOGOTA, Colombia (AP) — Yurancy Castillo did not want to leave her family. But as inflation in Venezuela soared, rendering her salary as a social worker nearly worthless, the young woman known for her beaming smile and wild amber-colored curls decided her future rested far away, in Peru. One of her three...

Bill Christeson holds up a sign that reads

No peeking, voters: Court keeps Trump taxes private for now

Jul. 9, 2020 4:03 PM EDT

WASHINGTON (AP) — Rejecting President Donald Trump’s complaints that he's being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor’s demands for the billionaire president’s tax records. But in good political news for Trump, his taxes and other financial...

Bill Christeson holds up a sign that reads

AP EXPLAINS: Public won't see Trump's tax documents for now

Jul. 9, 2020 12:48 PM EDT

WASHINGTON (AP) — The Supreme Court ruled Thursday in two cases involving access to President Donald Trump’s financial records. The cases were the last to be released of the high court’s term, which dragged into July because of the coronavirus pandemic. Here's a look at the decisions in the...

A sold sign hangs in front of a house in Brighton, New York, on Saturday, July 4, 2020. Long-term U.S. mortgage rates fell the first week of July with the benchmark 30-year home loan hitting its lowest level ever. (AP Photo/Ted Shaffrey)

Record low US mortgage rates for the third consecutive week

Jul. 9, 2020 11:29 AM EDT

BALTIMORE (AP) — Rates on 30-year mortgages have fallen to record lows for the third consecutive week as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate...

Supreme Court rules Manhattan district attorney can obtain Trump tax returns

Jul. 9, 2020 10:13 AM EDT
WASHINGTON (AP) — Supreme Court rules Manhattan district attorney can obtain Trump tax returns.
Emiratis wearing face masks due to the coronavirus pandemic work on the floor of the Dubai Financial Market in Dubai, United Arab Emirates, Tuesday, July 7, 2020. Dubai reopened its Dubai Financial Market stock exchange Tuesday after closing its floor due to the coronavirus pandemic. (AP Photo/Jon Gambrell)

Correction: Virus Outbreak-Business Fallout story

Jul. 8, 2020 7:11 PM EDT

In a story July 7, 2020, about business-related fallout from the coronavirus pandemic, The Associated Press erroneously reported Regeneron Pharmaceuticals is working on a COVID-19 vaccine candidate. The drug, REGN-COV2, is a double antibody combination being studied for potential treatment and prevention of the...

Tyler Perry to pay funeral expenses for girl shot in Atlanta

Jul. 8, 2020 5:11 PM EDT

ATLANTA (AP) — Tyler Perry has offered to pay the funeral expenses for an 8-year-old girl who was fatally shot in Atlanta over the weekend, a representative for the actor and filmmaker confirmed Wednesday. “I’m outraged today because I’d rather be paying for 8-year-old Secoriea...

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. U.S. consumers reduced their borrowing for a third straight month in May 2020 as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt. The Federal Reserve reported Wednesday, July 8, 2020 that consumer borrowing declined by $18.3 billion in May, a drop of 5.3%.  (AP Photo/Jenny Kane, File)

US consumers reduced their borrowing by $18.3 billion in May

Jul. 8, 2020 4:46 PM EDT

WASHINGTON (AP) — U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt. The Federal Reserve reported Wednesday that consumer borrowing declined by $18.3 billion in May, a drop...

FILE - This July 24, 2018, file photo shows a portion of the 1040 U.S. Individual Income Tax Return form. Tax time is an inevitable reminder to organize important documents. Begin by knowing what to keep, and for how long. Then, decide on a system for finding the documents you need when you need them. Choose a method you’ll feel confident using, whether that’s digitizing everything or putting papers in a file cabinet.  (AP Photo/Mark Lennihan, File)

How to organize important documents simply and safely

Jul. 8, 2020 9:35 AM EDT

Tax filing deadlines inspire many of us to vow that we’re finally going to organize our papers. Start with understanding what should be kept, in what format and for how long. Then, set up a system to organize your records. It doesn’t have to be all-encompassing or perfect — just start where...

FILE - In this Jan. 17, 2019, file photo Rep. Susie Lee, D-Nev., speaks at a news conference on Capitol Hill in Washington. At least 10 lawmakers and three congressional caucuses have ties to organizations that received federal coronavirus aid, according to government data released this week. A regional casino company led by the husband of Rep. Susie Lee received money. (AP Photo/Andrew Harnik, File)

Data: Congress created virus aid, then reaped the benefits

Jul. 8, 2020 5:52 AM EDT

WASHINGTON (AP) — At least a dozen lawmakers have ties to organizations that received federal coronavirus aid, according to newly released government data, highlighting how Washington insiders were both author and beneficiary of one of the biggest government programs in U.S. history. Under pressure from...