Key takeaways Fiduciary duty obligates a professional to act in the client’s best interests. This can apply to financial advisors, attorneys, real estate agents and…
New Consumer Price Index (CPI) data suggests that inflation has ticked up slightly again. Over the past year, the all items index increased 2.9 percent before seasonal adjustment, according to the latest figures from the…
Pramote Polyamate/Getty Images Key takeaways Certificates of deposit (CDs) can be a good vehicle to grow funds that you know you won’t need for a certain period of time — as long as you don’t chip away at your earnings by paying early withdrawal penalties. Maintaining an emergency fund in…
Daniel Tardif/Getty Images Key takeaways A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers financing for a defined draw period during which you can access the funds, whereas…
As President Joe Biden’s term draws to a close, he has granted federal student loan relief to an additional 150,000 borrowers. These 150,000 borrowers include almost 85,000 who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers. The debt…
Key takeaways The current annual inflation rate is 2.9%, still stubbornly above the Fed’s 2% target. Consumers pay more close attention to cumulative inflation, and prices are 22.5% more expensive today than they were before the coronavirus pandemic recession began in February 2020. The Federal Reserve cut interest rates a…
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If you’re wondering how to invest in the financial sector, exchange-traded funds (ETFs) can be a simple way to get started. ETFs that focus on the financial sector invest in companies that are involved…
