Grant Halverson/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Cam Newton, once one of the NFL’s most electrifying quarterbacks, now faces a challenge off the field: loss of income. At 36, Newton’s days as a professional athlete are over. He officially retired from the game … Read more
The US Department of Justice has opened a criminal investigation into Federal Reserve Chairman Jerome Powell as Donald Trump’s White House steps up its campaign against central bank independence. In a video posted on Sunday, a usually reticent Powell took the extraordinary step of calling off the probe as punishment for failing to set interest … Read more
Every living former head of the Federal Reserve condemned an “unprecedented” attempt by the Trump administration to weaken the independence of the US central bank after the Justice Department opened a criminal investigation into its chairman, Jerome Powell. Former Fed chairman Alan Greenspan, Ben Bernanke and Janet Yellen warned that similar attacks in other countries … Read more
U.S. stock futures added to losses early Monday amid concerns about the Federal Reserve’s independence after Chairman Jerome Powell said the Trump administration threatened him with criminal indictment. Dow Jones Industrial Average (YM=F) futures fell 0.6%, while those on the S&P 500 (ES=F) fell about 0.8%. Contracts on the Nasdaq 100 (NQ=F) led the way … Read more
Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. You might think that credit cards are the payment method most targeted by financial fraudsters, but that’s not true. In fact, debit cards are what fraudsters target the most – and the number of cases involving them continues … Read more
As of 2024, the average American had a net worth of $620,654, according to a recent UBS Global Wealth Report. (1) But if that number sounds surprisingly high and disconnected from your lived experience, there’s a reason for that. Means are calculated by taking a total amount and dividing it by the number of individuals … Read more
COLA 2026 was announced at 2.8% in October 2025. Fed projections suggest a potential COLA for 2027 in the range of 2.3% to 2.6% if CPI is slightly above PCE. Retirees who rely on interest income from CDs and savings accounts have seen their earnings drop after recent rate cuts. If you’re thinking about retiring … Read more
U.S. stock futures sank on Thursday as Oracle ( ORCL ) earnings revived concerns about artificial intelligence trading, taking the wind out of Wall Street’s rally following the Federal Reserve’s latest interest rate cut. Contracts on the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 0.8% and 1.2%, respectively. Dow Jones Industrial Average (YM=F) … Read more
Mortgage rates were capped at intervals of more than six weeks, with nothing forcing them to go up or down. According to Zillow, the 30-year average rate is 6.07%. The average rate over 15 years is 5.53%. A Federal Reserve rate cut is likely tomorrow, comments from Fed Chairman Jerome Powell and the Fed’s points … Read more
“My son had no financial stake in that property.” (Photo subjects are models.) – Getty Images/iStockphoto Instead of giving my son a share of the rental property that I own 50/50 with my daughter, I promised to give him $250,000 as an inheritance before I die. The reason was simple: my son had no financial … Read more