The so-called Magnificent Seven stocks don’t seem so magnificent these days after new tariffs from the Trump administration sent their shares plunging, with all seven now in bear market territory. Shares of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla are all down at least 20 percent from their…
Key takeaways The main types of mortgages are conventional loans, government-backed loans, jumbo loans, fixed-rate loans and adjustable-rate loans. There are other types of mortgages for specialized purposes, such as building or renovating a home or investing in property. The right mortgage for you depends on the strength of your…
Recessions can be tricky to predict, and even trickier to navigate. Investments you might traditionally think of as safe might in fact expose you to more risk depending on the economic environment — especially as the Fed navigates lowering inflation and the potential impacts of tariffs this year. In the…
The job market has historically been one of the biggest predictors of consumer spending and debt patterns. While the unemployment rate has risen from 3.4 percent last April to 4.2 percent at present, that’s still low, historically speaking. The 3.4 percent reading last spring was the lowest level since 1969.…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Photography by Getty Images; Illustration by Bankrate There are many reasons married couples may want to file their taxes jointly: a larger standard deduction, eligibility for more tax credits, and higher income thresholds to qualify for various tax benefits are just some examples. But in…
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Budgeting and Building an Emergency Fund for Rising Costs If rising costs are stressing you out, you may require adjustments to your budget…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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Images by GettyImages; Illustration by Bankrate Key takeaways Wire transfers, third-party apps and checks are all valid ways to transfer money from one bank to another. Each method has its own speed, cost and limits for transfers. Some options can transfer funds within minutes, though you may have to pay…
Key takeaways Higher education costs are rising, but there are several ways to make paying for college feasible. Grants, work study and scholarships are forms of aid that do not need to be repaid. Loans are another option, but consider federal loans first, as they offer perks you won’t get…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
Key takeaways Generally, paying off your student loans with the highest interest rates first is the best repayment strategy. Consider paying off private student loans first due to higher rates, shorter repayment terms, lack of loan forgiveness, and lack of options for income-driven repayment. Student loans tend to have lower…
Key takeaways It’s crucial to understand how residual interest is calculated, especially if you carry a balance on your credit card. If not properly managed, residual interest can impact debt repayment and your credit score, which may take time to recover. Failure to pay residual interest can also lead to…
Chuck Savage/Getty Images Key takeaways Create an account with your loan servicer to begin making student loan payments. Discuss your repayment options with the servicer, which will vary depending on the type of student loan. Be sure to know what you owe and adjust your budget to free up disposable…
Images by GettyImages; Illustration by Hunter Newton/Bankrate The best bank and credit union for you will depend on your banking needs, but in general, the best banks offer accounts with low or no minimum balance requirements and don’t charge monthly fees — or at least allow you to waive them.…
Key takeaways The Citi Double Cash® Card offers unlimited 2 percent cash back on all of your purchases — 1 percent back when you make purchases and another 1 percent back when you pay for them. Some notable card benefits include no annual fee, access to Citi Entertainment and an…
Key takeaways The best big banks generally provide a positive digital banking experience through their mobile apps. The absolute largest banks – based on branch locations – didn’t make Bankrate’s best bank list, including Chase Bank and Bank of America. The nation’s best big banks typically provide customers with everything…
Bloomberg / Contributor / Getty Images It seems like only yesterday that Robinhood waltzed onto the brokerage scene to show the grownups how kids these days think things should be done around here. Trading commissions? Hard pass. Crypto? Heck, yeah! Binary options — er, “events trading”? Check. How time flies. With its…
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