Hedge funds have lost some of their luster in recent years, with institutions preferring to pour money in Wall Street’s newer crazes for dependable returns like private credit, but the most successful firms in the old guard are still delivering steady gains for their limited partner investors. The world’s top…
President Donald Trump signed dozens of executive actions on his first day in office, including some that could impact your taxes. Two executive orders focused on federal employees, including the imposition of a hiring freeze and a requirement that federal government employees return to the office. Both could have immediate…
Key takeaways Renters insurance is typically quite affordable compared to many other types of insurance. Personal property insurance, personal liability insurance and additional living expenses coverage are typically included in a renters insurance policy. Standard renters insurance usually covers losses due to theft, but certain items may only be covered…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than it did four years ago when he was last in office. President Biden enacted a slew of policies designed to lower payments and expand access to federal student loan forgiveness…
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Republican lawmakers in Congress are circulating a number of proposals to cut federal spending as part of a massive bill…
Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the largest blaze, the Palisades Fire,…
TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
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Catherine Delahaye / Getty Images Key takeaways LendKey is better if you’re looking to quickly compare several loan companies. SoFi is better if you want an established company with discounts and member benefits. Get a quote from each lender and evaluate loan terms; explore alternatives…
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Key takeaways A balance transfer fee is what credit card issuers charge when you transfer debt, usually credit card debt, to another credit…
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It was a close call for a dog named Max when fire raged through his Altadena neighborhood. The brindle-coated Corso mix hid, huddled…
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Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Key takeaways Chase, American Express, Capital One and other major issuers allow you to redeem rewards for travel through their rewards portals. The best credit card travel portals can help you get stronger value from your rewards and earn boosted rewards on bookings. But your card’s portal may not offer…
Key takeaways The Beneficial Ownership Information (BOI) report identifies company ownership and is required filing for business entities by Jan. 1, 2025. Businesses can file the report online through FinCEN’s official page. While ongoing litigation that has halted enforcement of the reporting requirements, businesses may still file their BOI report…
The Fed is expected to cut interest rates again. What comes next is the biggest question. There’s a phrase that we Federal Reserve reporters use so much when describing Fed meetings that it might as well be a central banking cliche at this point: What matters most isn’t today’s interest…
Your mother might have had a Christmas club account. You might remember her faithfully depositing $5 or $10 a week all year long to save up for the holidays. This simple method of saving reached its height of popularity in the 1970s. But some people believe they’re still useful for…
Donald Trump will be assuming the office of U.S. president on Jan. 20, 2025, and his return to the role could usher in a wide variety of economic changes. Trump has promised to lower taxes, reduce inflation and raise tariffs on America’s key trading partners. While many of his plans…
Image by GettyImages; Illustration by Bankrate Key takeaways Rates for seniors tend to increase after age 70, but shopping around and taking advantage of discounts may help you save. On average, 70-year-old drivers pay $2,385 per year for full coverage car insurance and $711 for minimum coverage. Senior car insurance…
As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. When it comes to tax strategies, generally Dec. 31 is the deadline to make changes that might lower your tax bill. One major exception is the deadline for contributing…
Key takeaways Credit card companies generate most of their income through interest charges, cardholder fees and transaction fees paid by businesses that accept credit cards. Even if you don’t pay fees or interest, using your credit card generates income for your issuer thanks to interchange — or swipe — fees.…
The marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The marginal tax rate is the rate that applies to your highest dollar of income. It’s important…
Key takeaways Online homebuying companies like iBuyers can make cash offers on your home in a matter of days, or sometimes even hours. Typically, all that’s required to request an instant offer is inputting your street address on the company’s website. However, in exchange for this speed and convenience, you…