At the end of 2022, Americans racked up credit-card debt at the fastest pace New York Federal Reserve researchers have ever seen, underscoring how many people are turning to cards to keep up with rising costs. Credit-card balances grew by $61 billion during the fourth quarter, totaling $986 billion as Americans shopped for the holidays … Read more
Hi, MarketWatchers. Don’t miss these top stories. A star-crossed trade: Yogis offered friendship to a rich Malibu doctor in exchange for a third of his $60 million fortune Anthony Flores said in depositions that Mark Sawusch paid him and Anna Moore $1 million and offered them a Tesla to remain by his side. Read More … Read more
If you’re worried about getting old, you’re probably not worrying enough. Yes, that’s a dismal way to begin. But for people in their 60s and up who fear a future dementia diagnosis, grim statistics abound. An estimated 13.8 million people in the U.S. could have Alzheimer’s disease by 2060, compared with 6.5 million today. And that’s just the … Read more
A terminal at New York City’s John F. Kennedy Airport will stay closed another day after electrical issues caused a power outage. Those outages at Terminal 1 have caused major disruptions and led to the delay or cancellation of at least 100 flights. Terminal 1 was first closed on Thursday, and there is no information … Read more
The U.S. economy is performing better than expected with inflation pressures moderating even as 517,000 jobs were added in January and the unemployment rate fell to 3.4%. The unemployment rate for workers 55 years and older dropped from 2.7% in December 2022 to 2.3% in January 2023. That said, there is an underlying unease in … Read more
What advice would you give to a widow and widower considering marriage on how to manage finances — and deal with adult children? We are both 60 years old and plan to work a few more years, mostly for health insurance. We both have about $1.5 million in retirement savings accounts. Our spouses’ 401(k)s and … Read more
Spain has granted people in the country the right to take paid menstrual leave, becoming the first European country to do so. The measure was passed by the Spanish Parliament on Thursday. Under the new law, those who experience debilitating symptoms such as severe cramps, nausea or vomiting during their periods can take a three-day … Read more
Congress might only have until this summer to strike a deal to lift or suspend the U.S. government debt ceiling, prompting analysts to warn of growing risks to global financial markets as America moves closer to a potential default. “It would cause immeasurable harm to financial markets,” Amar Reganti, a fixed-income strategist at Hartford Funds, … Read more
Mortgage lenders went through a serious downturn last year, and many companies were forced to lay off staff in an effort to remain in business as interest rates jumped and buyers fled. Now the players are back and ready to fight for market share, trying out new promotions designed to attract home buyers. Will these … Read more
Hi, MarketWatchers. Don’t miss these top stories. Biden’s pick to lead the IRS faces tough questions: ‘Will the IRS be honest and fully and deeply transparent?’ Danny Werfel, the Biden administration’s pick for IRS commissioner, appeared before the Senate Finance Committee for a confirmation hearing today. Read More Is the post office open on Presidents … Read more
