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…
Dept Managmnt
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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Key takeaways Both investment property and second home mortgages are harder to qualify for than a loan for a primary residence. Lenders tend to have stricter criteria for investment property mortgages than for second home mortgages. The amount of time you’ll personally use the property — whether it’s more or…
Vladimir Vladimirov/Getty Images While the exact amount is up for debate, the IRS estimates that it loses billions of dollars each year due to taxpayers underreporting the income they receive from trading cryptocurrencies and other digital assets. For several years, the agency has been working to better enforce the rules…
There are two types of credit checks: a soft pull or inquiry and hard pull. A soft pull is a surface-level glimpse at your accounts and credit history with no impact on your credit score. Soft pulls are typically performed by a potential employer or credit card issuer, or when…
Key takeaways The Venmo Debit Card* provides unique benefits to regular Venmo users, offering cash back rewards at specific merchants and more ways to access their Venmo balance. Despite its benefits, the Venmo Debit Card may not be suitable for those seeking rewards on more purchases or individuals wanting to…
Glasshouse Images/Getty Images Americans are often told to “invest for the long term,” but what exactly does that mean? Long-term investing is about focusing on goals that are still far off and ignoring short-term market gyrations that, while unsettling in the moment, are insignificant over time. One way to decide…
Key takeaways The Discover it® Secured Credit Card and The secured Self Visa® Credit Card1 can both help you build or fix your credit. The Discover it® Secured Credit Card comes with no annual fee and earns ongoing rewards, although a traditional upfront security deposit is required. The secured Self…
FG Trade/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways If you’re looking for ways to improve your credit score quickly, the secured Self Visa® Credit Card might be able to help. This is a secured credit card to show credit bureaus that the account holder is a responsible borrower…
The Good Brigade/Getty Images Key takeaways There are a few different ways to pay for your child’s education, including 529 plans and custodial accounts, like UTMAs and UGMAs. Both 529 plans and custodial accounts offer parents and guardians a way to save and invest for future educational needs, but they…
Key takeaways The secured Self Visa® Credit Card is a good tool for building credit when you have bad or no credit history and don’t yet have enough money for a security deposit, but it’s not for everyone. Self helps cardholders build credit by giving them a good credit mix…
Key takeaways Grants are a great option for small businesses looking for financial support to start or expand their operations without taking on debt Federal grants, made available through different branches of the U.S. government, provide funds to small businesses across multiple industries Regional and state-level grants may offer smaller…
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