Further, more than three-quarters of those polled said they won’t pay off their balances in full by the end of January, which means they will also add hefty interest charges to those bills. From month to month, credit cards are one of the most expensive ways to borrow money. Card rates now stand at 17.4%,
Laborers work in the Qingdao branch of SAIC-GM-Wuling Automobile in Qingdao, China. STR | AFP | Getty Images Automakers are withdrawing employees from China and weighing whether to suspend manufacturing in the country as the virus that emerged in Wuhan less than a month ago ravages the mainland. Most major automakers have restricted or banned
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why
American multinational sport clothing brand Nike store seen in Hong Kong. Budrul Chukrut | SOPA Images | Getty Images The deadly coronavirus, whose spread accelerated around the globe, is battering the stock market, and some U.S. companies are particularly vulnerable to the disease as their growth has been driven by Chinese consumers. Wall Street analysts
Jetta Productions Inc Bring out your box of receipts. Tax season begins today. Eager taxpayers can start filing their 2019 tax returns on Monday, Jan. 27. The IRS expects it will receive more than 150 million returns. People with elaborate returns can ask for a six-month extension to file, but they have until April 15
U.S. health officials are currently monitoring 110 people across 26 states for the coronavirus, including the five patients who contracted the deadly infection in China and brought it back to America. The disease, which has killed at least 81 people in China and sickened more than 2,800 worldwide, isn’t spreading within the community in the
Retired L.A. Lakers superstar Kobe Bryant, who died in a helicopter crash on Sunday, told CNBC in 2016 he hoped people would remember him more for investing than basketball in 20 years. “Playing basketball, the focus is always on winning — winning championships, winning championships, winning championships,” Bryant said during a CNBC “Squawk on the
A trader works on the floor of the New York Stock Exchange. Getty Images Traders and hedge funds who use high-speed methods to gain an advantage in the stock market impose a “tax” on other investors, according to a study released Monday, costing as much as $5 billion per year across global exchanges. The Financial
Hero Images | Hero Images | Getty Images Many Americans believe they will live longer than their parents. For younger generations, that has led to a big concern: how they will provide financially for those extended years. That’s according to a new online poll from the Longevity Project and Morning Consult, which surveyed 2,200 U.S.
(L-R) Billie Eilish and Finneas O’Connell accept Album of the Year for “When We All Fall Asleep, Where Do We Go?” onstage during the 62nd Annual GRAMMY Awards at Staples Center on January 26, 2020 in Los Angeles, California. Jeff Kravitz The 62nd Grammy Awards were dominated by 18-year-old Billie Eilish. The first-time Grammy nominee