Money

Yellen Calls for Crypto Regulation to Reduce Risks, Fraud

Yellen Calls for Crypto Regulation to Reduce Risks, Fraud

FINANCE | By Fatima Hussein | Apr 8, 2022

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions.

Fed Signals More Aggressive Steps to Fight Inflation

Fed Signals More Aggressive Steps to Fight Inflation

FINANCE | By Christopher Rugaber | Apr 7, 2022

Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive.

Forget the Fed, Pay off Your Credit Card Debt

Forget the Fed, Pay off Your Credit Card Debt

FINANCE | By Sara Rathner, NerdWallet | Apr 3, 2022

The cost of everything keeps creeping up. And if you happen to have credit card debt, that's about to get a bit more expensive too, thanks to a series of interest rate increases beginning this month.

Mississippi Could Become Final State with Equal Pay Law

Mississippi Could Become Final State with Equal Pay Law

FINANCE | By Emily Wagster Pettus | Mar 31, 2022

Mississippi could become the final state to enact a law requiring equal pay for equal work by women and men, after the Republican-controlled state House and Senate passed the final version of a bill.

Liz Weston: 3 Tasks for New Retirees that will Pay Off Later

Liz Weston: 3 Tasks for New Retirees that will Pay Off Later

FINANCE | By Liz Weston, NerdWallet | Mar 29, 2022

You might be looking forward to a lot more unstructured time once you retire. But taking care of one more to-do list early on can set you up for a better retirement.

Pandemic Relief Money Spent on Hotel, Ballpark, Ski Slopes

Pandemic Relief Money Spent on Hotel, Ballpark, Ski Slopes

FINANCE | By Brian Slodysko | Mar 24, 2022

Many of the projects identified by the AP echo pork-barrel spending disasters such as Alaska's $398 million "Bridge to Nowhere," which was canceled in 2007 after a public uproar.

Millennial Money: Should You Invest in a Friend's Business?

Millennial Money: Should You Invest in a Friend's Business?

FINANCE | By Kelsey Sheehy, NerdWallet | Mar 23, 2022

Mixing business and friendship can tank a relationship. So, if a classmate, colleague or childhood friend asks you to invest in their business, you need to look at it from all angles.

How to Keep Your Tax Return from Getting Hung Up

How to Keep Your Tax Return from Getting Hung Up

FINANCE | By Liz Weston, NerdWallet | Mar 21, 2022

There may never be a good time to draw the IRS' attention, but this year you really want to avoid extra scrutiny.

PayPal Enables Customers to Send Money to Ukrainians

PayPal Enables Customers to Send Money to Ukrainians

FINANCE | By Ken Sweet | Mar 18, 2022

PayPal said Thursday that its users will now be able to send money to Ukrainians, both in the war-ravaged country as well as those now refugees across Europe.

Fed Begins Inflation Fight with Key Rate Hike, More to Come

Fed Begins Inflation Fight with Key Rate Hike, More to Come

FINANCE | By Christopher Rugaber | Mar 17, 2022

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.

Biden Urges Private Companies to Help Narrow Gender Pay Gap

Biden Urges Private Companies to Help Narrow Gender Pay Gap

FINANCE | By Fatima Hussein | Mar 16, 2022

President Joe Biden spotlighted new steps to close the gender pay gap for federal workers and contractors, and he urged private companies to do likewise.

Average U.S. Gas Price Rises 22% in Two Weeks to Record $4.43

Average U.S. Gas Price Rises 22% in Two Weeks to Record $4.43

FINANCE | Mar 13, 2022

The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters).

Two Years into COVID, was $800B Payroll Aid Plan Worth It?

Two Years into COVID, was $800B Payroll Aid Plan Worth It?

FINANCE | By Josh Boak | Mar 10, 2022

One estimate suggests the richest 20% of households captured about 85% benefits of the program.

Kimberly Palmer: How to Put Your Tax Refund to Work for You

Kimberly Palmer: How to Put Your Tax Refund to Work for You

FINANCE | By Kimberly Palmer, NerdWallet | Mar 9, 2022

Even though what can feel like a gift from the government is actually a delayed receipt of your own money, the best use of those funds is not always apparent.

Biden to Issue Executive Order on Cryptocurrency

Biden to Issue Executive Order on Cryptocurrency

FINANCE | By Fatima Hussein and Aamer Madhani | Mar 8, 2022

President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.

Mastercard, Visa Suspend Operations in Russia After Invasion

Mastercard, Visa Suspend Operations in Russia After Invasion

FINANCE | Mar 6, 2022

Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine.

Key Inflation Gauge Hit 6.1% in January, Highest Since 1982

Key Inflation Gauge Hit 6.1% in January, Highest Since 1982

FINANCE | By Christopher Rugaber | Feb 25, 2022

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine.

Treasury: Most COVID Rental Aid went to Low-Income Residents

Treasury: Most COVID Rental Aid went to Low-Income Residents

FINANCE | By Michael Casey | Feb 25, 2022

More than 80% of the billions of dollars in federal rental assistance aimed at keeping families in their homes during the pandemic went to low-income tenants, the Treasury Department said Thursday.

If Your Life Changed in 2021, Watch for Income Tax Surprises

If Your Life Changed in 2021, Watch for Income Tax Surprises

FINANCE | By Andy Rosen, Nerdwallet | Feb 24, 2022

As the income tax filing deadline approaches, life changes from last year may bring a new wave of surprises for U.S. taxpayers.

8 Start-Up Funding Sources for LGBTQA+ Entrepreneurs

8 Start-Up Funding Sources for LGBTQA+ Entrepreneurs

FINANCE | Feb 22, 2022

Start-up funding can be difficult to obtain. Many companies have strict guidelines that they follow, which unfortunately do not include provisions for LGTQA+ Entrepreneurs.

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