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News Articles: Your Money

A record shortage of homes for sale and strong demand from buyers are sparking bidding wars and sending home prices to new records.

Tagged as: 

  • Your Money

It's Harder Than Ever To Buy A House, And Bidding Wars Keep Breaking Out

A record low supply of homes for sale and strong demand from buyers are sending home prices to record levels and frustrating homebuyers who keep getting outbid.

May 19, 2021
|
By:
  • Chris Arnold
Anchorage, Alaska, resident Hans Dow built his own sawmill and began milling his own boards after lumber prices skyrocketed over the past year.

Tagged as: 

  • National

As Lumber Prices Climb, DIYers Cut Out The Middle Man And Mill Their Own

The price of lumber has more than doubled during the pandemic. Now people are turning to extreme DIY for building projects. Instead of buying boards, they're buying their own sawmills.

May 17, 2021
|
By:
  • Emily Schwing
A screen shows canceled incoming flights at T.F. Green International Airport in Warwick, R.I., on March 30, 2020. Consumer advocates and two senators say airlines are sitting on nearly $15 billion in refunds owed to customers for canceled travel.

Tagged as: 

  • National

Complaints Soar As Customers Fight Airlines For Refunds From Pandemic Cancellations

Airlines got billions in federal COVID-19 aid over the past year, but consumer advocates and two senators say the companies are sitting on nearly $15 billion in refunds owed for canceled travel.

May 15, 2021
|
By:
  • David Schaper
A bartender mixes a drink inside a bar last week in San Francisco. The latest retail sales data out on Friday showed an increase in sales at restaurants and bars as more people venture out amid the continued reopening of the U.S. economy.

Tagged as: 

  • Business

Americans Dialed Back On Retail Therapy — And Spent More Eating Their Feelings

Retail sales were flat in April from a month earlier as Americans spent less on things such as clothes or sporting goods but increased their spending at bars and restaurants.

May 14, 2021
|
By:
  • David Gura
Tia Cunningham says she was able to get out of subsidized housing and use the money as a down payment to buy a house.

Tagged as: 

  • Economy

More Cities Are Handing People Cash With No Strings Attached. Here's Why

Nearly two dozen American cities have signed on to pilot programs that offer basic incomes to low-income residents.

May 14, 2021
|
By:
  • Lily Jamali
People who need help getting to a vaccination site will be able to get free or discounted rides through Uber and Lyft, the White House says. Here, a woman receives her first dose of the Pfizer vaccine at a mass vaccination site in Aberdeen, Md., after getting a ride to the site from her landlord.

Tagged as: 

  • Business

Uber And Lyft Will Give Free Rides To COVID-19 Vaccination Spots, White House Says

Lyft will offer up to $15 for trips to or from a vaccination site. The deal covers daytime rides on bikes and scooters, as well as in cars.

May 11, 2021
|
By:
  • Bill Chappell
Stock trader Peter Tuchman works on the floor of the New York Stock Exchange on March 9, 2020.

Tagged as: 

  • Business

I Came Close To Dying: Wall Street's Most Photographed Man Is Ready For Normalcy

If 100% of a firm's traders are fully vaccinated, it can start sending more to the stock exchange floor. They can eat lunch in their booths again. Masks will be optional in some parts of the floor.

May 10, 2021
|
By:
  • David Gura
Right out of college Anita Ramaswamy was hired for her dream job as an analyst at a big bank on Wall Street. She frequently worked until midnight, including during the pandemic.

Tagged as: 

  • Business

'Absolute Meltdown': Wall Street's Work Till You Drop Culture Under Attack

Burnout in investment banking has been a problem, but the pandemic has made it worse. A handful of firms are responding by offering extra perks and more pay. But more money may not be the answer.

May 07, 2021
|
By:
  • David Gura
Protesters call for stronger eviction protections in January in Sacramento, Calif. A federal appeals court will now decide whether to scrap a federal eviction moratorium from the CDC. Housing groups say renters need more time to qualify for and get rental assistance money.

Tagged as: 

  • Economy

Judge Strikes Down Federal Eviction Moratorium, Setting Up High-Stakes Appeal

A federal judge has ruled the Centers for Disease Control and Prevention overstepped its authority by issuing a nationwide moratorium on evictions. The fate of millions of renters rests on appeal.

May 06, 2021
|
By:
  • Chris Arnold
"The stock market is on fire," says Greg Valliere, chief U.S. policy strategist at AGF Investments.<strong> </strong>"It has astonished veteran observers, and it may have a ways to go."

Tagged as: 

  • Business

Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR

The S&P 500 surged 11% in the president's first 100 days, the best performance since Franklin D. Roosevelt started his first term in 1933.

May 01, 2021
|
By:
  • David Gura
Emily Knowles sits outside her apartment in Watertown, Mass. Knowles has some college credits but no degree and works as a quality assurance analyst at Ovia Health, a Boston-based digital company that serves people who are starting families. "This is something that I never thought would be possible," Knowles said.

Tagged as: 

  • Economy

No College, No Problem. Some Employers Drop Degree Requirements To Diversify Staffs

More employers are focusing on skills rather than credentials, creating an opportunity for job candidates without college degrees to land positions.

April 29, 2021
|
By:
  • Kirk Carapezza
Non-college-educated and Black millennials are still lagging way behind. About 80% of Black millennials with at least a bachelor's degree still have student loan debt, compared with about half of white millennials.

Tagged as: 

  • Economy

There Is Growing Segregation In Millennial Wealth

New research shows shockingly different trends in the fortunes of millennials.

April 27, 2021
|
By:
  • Greg Rosalsky
A car accident in 2019 smashed six of Mark Gottlieb's teeth and severely damaged four vertebrae. The spinal surgery he needed as a result led to medical bills that exhausted the personal injury coverage in his auto insurance.

Tagged as: 

  • Health

Surprise: The Charge For His Spine Surgery After A Car Crash Topped $700,000

Generous personal injury coverage on your auto insurance policy may not be enough to cover your medical bills. Patients can get financially blindsided when car and health insurance policies differ.

April 22, 2021
|
By:
  • Julie Appleby
The Biden administration has opened up enrollment on all Affordable Care Act marketplaces, including on the federal insurance exchange, <a href="https://www.healthcare.gov/" data-key="1338">Healthcare.gov</a>, until August. Many people will qualify for better or less expensive plans — or both.

Tagged as: 

  • Health Care

Health Insurance For $10 Or Less A Month? You May Qualify For New Discounts

From now until August, you can sign up for or change coverage through the federal and state health insurance marketplaces. Many people are eligible for better or less expensive plans — or both.

April 22, 2021
|
By:
  • Selena Simmons-Duffin
Pro-union Amazon warehouse worker Jennifer Bates vows at a rally in Birmingham to keep fighting to unionize the Amazon Bessemer warehouse.

Tagged as: 

  • Economy

Big Union Loss At Amazon Warehouse Casts Shadow Over Labor Movement

The resounding vote against forming a union at an Amazon warehouse in Alabama is a blow to the labor movement. It has glimmers of hope but in the private sector unions are rare and mostly weak.

April 16, 2021
|
By:
  • Stephan Bisaha
  • Load More

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