Democrats Bernie Sanders and Alexandria Ocasio-Cortez introduced on Thursday a plan to rein in the profit banks can collect from consumers, proposing to cap credit card interest rates at 15%.
The share of American workers doing some or all of their work at home grew from 19% in 2003 to 22% in 2016, according to a new report from the Bureau of Labor Statistics.
Women overall performed better on their investments last year, according to a new Fidelity study, which also found that despite their success, women lack confidence their investing abilities.
With gas prices on the rise in the US, there are ways drivers can still save when fueling up. A new study from GasBuddy found which day of the week is cheapest – and most expensive – to buy gas.
The Dow closed at a record high on Wednesday after notching gains for 9 straight sessions. The broad market benchmark (^DJI) is up nearly 12% since Donald Trump was elected president, and about 5% in the past month. Considering these summits and the 8-year-old bull market, ordinary investors might reasonably be nervous and asking themselves — as they tend to also do when there’s outsize volatility in the market — whether they should make any moves now in anticipation of an imminent drop.
In what looks to be the first real blow to Obamacare before its inevitable death, the IRS is following President Donald Trump’s directive to ease up on the Affordable Care Act’s requirement that everyone have health care or pay a penalty. The ACA requires most people to have health coverage, and to indicate whether they did by filling out line 61 of their 1040 forms when they file taxes. Following the president’s executive order last month which directed federal agencies to exercise authority and discretion available to them to reduce potential burden,” the IRS said in a statement to Yahoo Finance, it will allow electronic and paper tax returns to be accepted for processing in cases where a taxpayer doesn’t indicate their coverage status.
There’s a widening gap between real estate listings and searches that underscores the difficulty homebuyers face in finding the right house at the right price, according to Trulia’s latest research published Wednesday. In the fourth quarter of 2016, the average “market mismatch score” across the starter, trade-up, and premium home price tiers rose 1.8 percentage points to 7.4 percentage points. Starter homes are defined as the bottom third of the market based on home values, followed by trade-up homes as the middle third, and premium homes as the upper third.
Thanks to IRS efforts to prevent fraud, tax refunds will be delayed for households claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) until the week of Feb. 27. The federal government distributes around $275 billion each year in individual income tax refunds between January and May. And in recent years these refunds have come earlier in the tax season, Goldman says, with a large chunk of refunds paid over the course of a few weeks in February and early March. This year, though, refunds will be sent out later — tax refunds received by those 25 million-30 million American households constitute about 20% to 25% of the dollar value of all refunds.
Iconic images of the holiday season include: lit-up Christmas trees, Santas on the corner, blockbusters at the movie theater, and hellishly crowded stores. For diligent consumers who like to plan out their shopping schedules to not only score big discounts but to also avoid the worst crowds, take note: The slowest shopping day of the season will likely be Tuesday, Nov. 29.
President-elect Donald Trump’s election win hinged, to a large extent, on his economic promises. In a speech in October in Ohio, Trump addressed the high costs of college, in perhaps the most elaborate comments he has made about higher education during the campaign. In it now President-elect Trump said “we will lower the cost of college and solve the student loan crisis.” Americans owe nearly $1.3 trillion in student loan debt — a figure he cited — spread out among about 44 million borrowers.
Mortgage rates have fallen even further and you can thank Brexit. The 30-year fixed-rate mortgage followed Treasury yields lower, falling 7 basis points to 3.41% this week, according to Freddie Mac. “Continuing fallout from the Brexit vote drove Treasury yields lower again this week,” said Sean Becketti, chief economist at Freddie Mac.
To observe the holiday of Passover, many Jews will be outsourcing the whole thing by leaving home and traveling to sunnier climes.
Yahoo Finance spoke with retirees and those close to retirement age to get a sense of how they view their retirement prospects.
Are all millennials clueless when it comes to their finances? We asked a few about their saving habits, whether they invest and if they know what a 401(k) is.