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News Articles: Your Money

Iceland is like Mars — "if Mars had hot tubs," according to a new ad campaign from Visit Iceland.

Tagged as: 

  • World

Iceland tells tourists it's like an alien planet. A NASA scientist agrees

"Iceland. Better than space." That's the new tagline from Iceland's tourism board. We asked the head of Visit Iceland why her country might have an edge over space — and consulted NASA as well.

November 18, 2022
|
By:
  • Bill Chappell
Many hospitals are now partnering with financing companies to offer payment plans when patients and their families can't afford their bills. The catch: the plans can come with interest that significantly increases a patient's debt.

Tagged as: 

  • Health

How banks and hospitals are cashing in when patients can't pay for health care

Some credit cards advertised by hospitals lure in patients with rosy promises of convenient, low-interest payments on big bills. But interest rates soar if you can't quickly pay off the loan.

November 17, 2022
|
By:
  • Noam Levey and
  • Aneri Pattani
Paulo Echeverry and Dahianara Lopez Zapata, at their food truck in Kissimmee, Fla.

Tagged as: 

  • Your Money

Some homebuyers lose deposits of $10,000, $20,000, or more due to high mortgage rates

There's a high-stakes tug of war over new homes. Many people who signed contracts before houses were built now are scared to buy them. Builders don't want them to back out and are keeping deposits.

November 16, 2022
|
By:
  • Chris Arnold
Even though higher mortgage rates are starting to curb housing prices, the share of first-time homebuyers has fallen to a historic low, according to the National Association of Realtors.

Tagged as: 

  • National

Voters approved more money for affordable housing around the country

Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.

November 10, 2022
|
By:
  • Jennifer Ludden
The display panel advertising the tickets for the Monday Powerball drawing with an annuity value of at least $1.9 billion, are shown at a convenience store, Monday, Nov. 7, 2022, in Renfrew, Pa.

Tagged as: 

  • Your Money

How the $2 billion Powerball jackpot winner should protect their newfound wealth

Winning the lottery is a dream to many. But if you were to possess a winning lottery ticket in reality, experts say there are a number of things you should do to protect yourself.

November 10, 2022
|
By:
  • Jonathan Franklin
From behind the lottery counter at a Pick 'n Save store in Madison, Wis., Djuan Davis hands Powerball tickets to Arpad Jakab, a retired utility worker who said it's his first time buying them.

Tagged as: 

  • National

Feeling lucky? The Powerball jackpot is now up to a record $1.9 billion

After 40 drawings without a winner, the jackpot has reached the staggering sum of nearly $2 billion. But the odds of winning are long — 1 in 292.2 million.

November 06, 2022
|
By:
  • The Associated Press
This job posting from Citi with a $2 million salary range caught attention on social media.

Tagged as: 

  • Your Money

The big reveal: New laws require companies to disclose pay ranges on job postings.

On Nov. 1, New York joined a handful of places across the country that require companies to disclose salary ranges when they post jobs. But transparency isn't easy.

November 06, 2022
|
By:
  • Stacey Vanek Smith
A CarMax lot holds hundreds of used cars and trucks  in Gaithersburg, Md. on April 12. Used car prices have fallen from their recent peaks, but they remain extraordinarily high compared to just a few years ago. And other costs of car ownership are rising, too.

Tagged as: 

  • Your Money

It's not just buying a car — owning one is getting pricier, too

Mechanics' bills are rising faster than inflation, and people are holding on to their vehicles for longer than ever. That means even those staying out of the car market are feeling inflation's pinch.

November 04, 2022
|
By:
  • Camila Domonoske
A customer is handed Powerball lottery tickets to purchased at Lichine's Liquor & Deli in Sacramento, Calif., Monday, Oct. 31, 2022. The jackpot for Monday night's drawing soared to $1 billion after no one matched all six numbers in Saturday night's drawing. It's the fifth-largest lottery jackpot in U.S. history.

Tagged as: 

  • Your Money

'Predatory gambling' has helped the lottery reach sky-high jackpot, critics say

The game's jackpot has increased to an estimated $1.6 billion — one of the largest in U.S. lottery history.

November 04, 2022
|
By:
  • Jonathan Franklin
Call workers employed by federal contractor Maximus strike outside of the call center in Bogalusa, Louisiana on Tuesday, Nov. 1.

Tagged as: 

  • Your Money

Call center workers strike over pay and working conditions

Call center workers at a federal contractor that handles calls about Medicare and the Affordable Care Act plans have staged a walkout in four states.

November 02, 2022
|
By:
  • Mary Yang
Andrea Hsu and Stacey Vanek Smith experience the Treasury's website crashing as their bond purchase was going through.

Tagged as: 

  • Your Money

The bond that broke the internet

US Treasury bonds are known as a super safe, super boring place to put your money. But the Series I Savings Bond got so popular last week, the surge in demand crashed the Treasury's website

November 01, 2022
|
By:
  • Stacey Vanek Smith and
  • Andrea Hsu
Mortgage rates keep rising, making home ownership unaffordable for millions of Americans. Since the start of the year higher rates have added about $1,000 to the monthly payment to buy a typical house.

Tagged as: 

  • Your Money

Buying a home gets even harder as mortgage rates top 7%

It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.

October 27, 2022
|
By:
  • Chris Arnold
Just before turning 55, Dean Hebert retired from his job at the University of Maryland after realizing he had plenty of savings to support himself in retirement.

Tagged as: 

  • Business

Early retirement took off during the pandemic. An economic downturn could change that

Millions of workers left the labor force during the pandemic. Older workers have been slow to return, in part because many found themselves financially secure enough to retire.

October 25, 2022
|
By:
  • Andrea Hsu
President Biden speaks about student debt relief at Delaware State University in Dover on Friday.

Tagged as: 

  • Education

Biden's student debt relief plan is temporarily blocked. Here's what you need to know.

Nearly 22 million people — more than half of qualifying borrowers — have signed up. The Biden administration says it is continuing to accept and review applications during the temporary hold.

October 22, 2022
|
By:
  • Juliana Kim

Tagged as: 

  • Education

Borrowers who were cut out of student loan relief describe 'a gut punch'

Hundreds of thousands of borrowers spent just over a month thinking they qualified for student loan cancellation. Now they don't.

October 19, 2022
|
By:
  • Cory Turner
  • Load More

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