Americans are still splurging on travel and entertainment — even as credit card debt tops $1 trillion

[ad_1] Taylor Swift performs onstage for the opening night of “Taylor Swift | The Eras Tour” at State Farm Stadium. Kevin Mazur | Getty Images Entertainment | Getty Images Revenge spending is not dead. Even as Americans owe $1.13 trillion on their credit cards, consumers are still willing to splurge on impulsive purchases. It’s a phenomenon also known … Read more

NSE awaiting Sebi nod for IPO: Chauhan

[ad_1] Mumbai, April 4, 2024: The National Stock Exchange (NSE) is awaiting a nod from Sebi to restart the initial public offering process, said Ashishkumar Chauhan, CEO & MD of the National Stock Exchange, while talking to a journalist delegation in Mumbai, on Thursday. The country’s largest stock exchange, that claims 9 crore unique registered … Read more

There’s still time to make a last minute 2023 IRA contribution and possibly claim a tax break. Here’s who qualifies

[ad_1] Damircudic | E+ | Getty Images The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023, the IRA contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. That increased to $7,000 for 2024, … Read more

Borrowers need to act by April 30 to qualify for student loan forgiveness

[ad_1] Worried woman looking at her mobile phone. Srdjanpav | E+ | Getty Images There’s a student loan forgiveness opportunity available to many borrowers, but they’ll have to act by April 30 to qualify, the Consumer Financial Protection Bureau says. The U.S. Department of Education is conducting a one-time adjustment of borrowers’ payments this summer, … Read more

Here are some big money blind spots you need to avoid, advisors say

[ad_1] Image Source | Image Source | Getty Images Managing one’s personal finances can seem like a hodgepodge of never-ending checklists and rules of thumb. With all sorts of financial considerations vying for attention — budgeting, saving, paying off debt, buying insurance, being savvy shoppers — consumers may inadvertently overlook some important nuggets. Here are … Read more

ICICI Bank branch manager forged signatures, siphoned off ‘Rs 11.95 crore’ by transfer and cash, alleges the customer; case in EOW’s net

[ad_1] The branch manager of an ICICI Bank branch has admitted having committed fraud by forging the signature of an NRI customer. In a complaint letter dated January 6, 2024, to Vikas Puri Police Station in Delhi, ICICI Bank said, “It is pertinent to mention that the overdraft facility (amounting to Rs 2.7 crore) was … Read more

rbi mpc decisions: FD investors likely to get more time to book fixed deposits at current high rates; all eyes are on RBI MPC announcements on April 5

[ad_1] Investors who invest in fixed deposits (FDs) have had a dream run the last two years. All thanks to the repo rate hike, the interest rates on fixed deposits have touched 8% at well-known public and private sector banks. Several small finance banks even offer around 9% interest rate on FDs. For senior citizen … Read more

Here’s what tenants need to know about Biden’s plan to cap rent hikes for some affordable housing units

[ad_1] Alexander Spatari | Moment | Getty Images The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country. While some housing experts criticized the move, tenant advocates said the new rule, which will cap rent increases at 10%, will help people to stay in … Read more

Costs at some colleges nearing $100,000 per year, but many families pay a lot less

[ad_1] The price tag for a college education has never been higher — and it’s only going up. The cost of attendance at some schools, including New York University, Tufts, Brown, Yale, and Washington University in St. Louis, is now nearing six figures a year, after factoring in tuition, fees, room and board, books, transportation … Read more

53% of Americans surveyed feel they are behind on retirement planning and savings, CNBC poll finds

[ad_1] Alexanderford | E+ | Getty Images A large share of Americans worry about their nest eggs. CNBC’s International Your Money Financial Security Survey polled about 500 people each in nine countries. Of the 498 people surveyed in the U.S., more than half (53%) said they’re behind schedule in retirement planning and savings. The poll … Read more