Like other value investing stalwarts, $35 billion Hotchkis & Wiley made its name filling its funds with cheap, unloved stocks. Here’s how manager David Green is keeping the old-school philosophy alive in a market dominated by a handful of AI giants.Ina market obsessed with artificial intelligence, longtime portfolio manager David…
These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina BambyshevaWhen she worked for Apple, Kalyani Ramadurgam’s job was to block anyone on terrorism watch lists from using Apple Pay. Even at one of the most sophisticated…
Year-end bonuses can provide a much-needed financial boost, and using that money wisely can make a meaningful difference in your financial health. But deciding whether to put your bonus toward paying down debt or saving can be challenging. Both options offer strong benefits, and the best choice ultimately depends on…
After a run of more than 230 years, the U.S. is done producing the penny. While the death of the little copper coin leaves many feeling nostalgic, producing it simply isn’t worth it for the U.S. Mint at 3.69 cents a pop — an increase of 1.42 cents over the…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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SDI Productions/Getty Images Key takeaways Banks exist that cater to specific political views, faiths, environmental concerns and social causes. Finding the right bank requires combining your core values with thorough research. Local banks and credit unions often support community initiatives that align with your beliefs. …
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By Garrett Johnson BNPL loyalty programs Canada started as simple tools that let users split purchases into interest-free installments. Over time, these apps…
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The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
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Images by Getty Images; Illustration by Issiah Davis/Bankrate Gap insurance in Texas, also known as guaranteed asset protection, helps cover the difference between what you owe on your car and its actual cash value (ACV) if it’s totaled or stolen. This optional coverage may be especially valuable for Texas drivers…
Key takeaways FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category — meaning a single person can protect far more than $250,000 by using different account types at the same institution. If you have $300,000 in one account, only $250,000 is protected — the remaining $50,000…
Key takeaways Opening a bank account online takes 10-15 minutes if you have your documents ready — you’ll need your Social Security number, government ID and proof of address. Online banks typically offer higher interest rates (currently up to 4.20% APY on savings) and lower fees than traditional banks because…
Key takeaways Writing a check requires six simple steps: date, payee name, amount in numbers, amount in words, memo (optional) and your signature. Always use blue or black pen — never pencil — to prevent alterations and fraud. The number amount and written amount must match exactly, or banks may…
Luis Alvarez/Getty Images Key takeaways Zelle is an easy tool for sending money between friends or different bank accounts, but transfers are subject to daily and monthly limitations. Depending on the issuing bank, daily limits for Zelle transactions range from $500 or less to $10,000 or more. Aggregate monthly transfer…
Image by MementoJpeg/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Money market accounts combine features of checking and savings accounts — you earn interest like a savings account but get check-writing and debit card access like a checking account (not all MMAs offer these features). High-yield savings accounts typically offer rates…
Image by GettyImages, Illustrated by Bankrate Key Takeaways APY (Annual Percentage Yield) shows how much interest your savings account or CD will earn in one year, including the effect of compound interest. The best savings accounts currently pay around 4.20% APY, while average savings accounts pay just 0.61% APY—that’s over…
Key takeaways CD rates are beginning to fall as the Federal Reserve shifts toward rate cuts. Locking in competitive yields now or laddering your CDs can protect against lower future rates. Savers should also consider high-yield savings or money market accounts for more flexibility and liquidity. Certificates of deposit (CDs)…
Key takeaways Joint checking accounts let two people manage shared expenses with equal access to funds — ideal for couples, parents with teens, or adult children helping aging parents. The best joint checking accounts offer no monthly fees, competitive APYs and features like overdraft protection and mobile banking tools. Before…
Key takeaways The best consolidation loans allow you to save money on interest, pay off debt more quickly and replace multiple debts with one new loan and payment. There are many options to consolidate debt, including balance transfer credit cards, home equity loans, debt consolidation loans and peer-to-peer loans. The…
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