A staggering number of 43.2 million individuals are projected to embark on car journeys this upcoming July 4th holiday, as reported by AAA, an esteemed organization specializing in motoring and leisure travel. The good news for these drivers is the decline in gas prices across the nation compared to last year. According to AAA, the …
Consumers who rely on credit cards for shopping are now facing exceptionally high interest rates. Moneyfacts, an analyst firm, reports that the average credit card interest rate has surged to 30.4%, up from 26.2% compared to last year. This figure is the highest recorded since Moneyfacts began collecting data in June 2006. The rise in …
The problem of energy disconnections persists, with over two million individuals encountering monthly disconnections from their energy provider. Shockingly, one in five people have experienced disconnections within the last year, enduring at least 24 hours without gas or electricity, according to a report from a charitable organization. In the past year alone, the organization has …
According to the Wall Street Journal, Goldman Sachs is reportedly considering ending its partnership with Apple. This comes after the two companies collaborated on the introduction of a virtual credit card in 2019. Goldman Sachs is now in discussions with American Express to potentially take over the Apple credit card and other ventures with the …
January saw a significant number of households struggling to pay their bills, highlighting the financial challenges faced after the holiday season. According to research conducted by consumer campaign group Which?, around 2.3 million households defaulted on mortgage, rent, loan, credit card, or household bill payments in January, representing an increase from the previous month’s figure …
Jose Luis Pelaez Inc | Digitalvision | Getty Images Why having a credit card can be beneficial According to Ted Rossman, senior industry analyst at CreditCards.com, having a credit card and using it responsibly is a smart way to start building a strong credit score. Good credit is essential for qualifying for loans like mortgages …
Marko Klaric / EyeEm | EyeEm | Getty Images Americans are embracing the desire to travel this summer despite their tight budgets affected by inflation. Hopper economist Hayley Berg reveals that Americans are not only booking flights, hotels, rental cars, and vacation homes, but they are also actively seeking deals. According to the NerdWallet Travel …
A major financial services CEO cautions that the economy has not yet fully absorbed the impact of higher interest rates. Thomas Michaud, CEO of Stifel company KBW, points out that there is a delayed reaction in the market following the last rate hike. He emphasizes that a 25 basis point increase at a 5% rate …
swissmediavision | E+ | Getty Images For those embarking on summer travels, there is promising news: Gas prices have significantly dropped compared to last year. “What a difference a year makes,” expressed Andrew Gross, a representative for AAA, the renowned motoring and leisure travel membership organization. As of Friday, the national average for a gallon …
It’s 9:22 a.m. at JFK Terminal 8, and I find myself having an interesting conversation with a food-safety inspector who is on her second Bloody Mary. The conversation turns to consumer protections, and over drinks we discuss topics ranging from careers in food safety, reincarnation, ExxonMobil and labor unions. However, her job prevents her from …