Dear Readers: April Fools’ Day can make for a good joke, but there are certain myths about money that, if not dispelled quickly, are no laughing matter. Misconceptions about credit and debt are right at the top of the list. Here are 10 common beliefs about credit that can lead to financial trouble. Don’t fall…
Mastercard Says Banks Must Show ‘Documented Consent’ For Adult Content Following Pornhub Controversy
MasterCard on April 14 announced it is changing its rules and standards for banks that process payments for sellers of adult content. The company announced the new rules in a blog post on Wednesday and said that banks will now have to ensure that sellers require “clear, unambiguous and documented consent” in adult content. “This month, we are extending our…
Help Her Get Back Out There
Dear Dave, Our daughter recently moved back in with us after she lost her job and her apartment. She hasn’t been able to find full-time work yet, and she had nowhere else to go. My husband and I are nearing retirement age, so we want to do the best and smartest thing to help her…
The 3 Rules About Social Security Checks Everyone Should Know
There are some basic facts about when and how Social Security checks are due and delivered that confuse many people. To help you understand, here are three rules about getting Social Security checks that everyone needs to know. No. 1: Social Security benefits are paid one month behind. In other words, the benefit payment for…
A $1.2 Billion Loss for Delta, but Recovery Is on the Radar
Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues. CEO Ed Bastian said Thursday that ticket sales have been stronger in the last two weeks than at any time since…
Economic Data Shows Fewer Workers Losing Jobs and Americans Eager to Spend
A suite of stronger-than-expected economic data on jobs, retail sales, and corporate earnings came out Thursday, reinforcing the view that a potential boom, much-anticipated by economists, may be getting more traction. Overall, the data shows fewer workers losing their jobs, Americans eager to spend more, and corporate profits getting fatter, sending all three major Wall…
US Jobless Claims Plunge to 576,000, Lowest Since Pandemic
WASHINGTON—The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession. The Labor Department said Thursday that applications plummeted by 193,000 from a revised 769,000 a week earlier. Jobless claims are now down sharply…
Oil Near One-Month Highs as Demand Outlook Improves
Oil prices eased on Thursday but remained close to a one-month high driven by more positive demand forecasts from the International Energy Agency and OPEC.
Bernie Madoff, Disgraced Ponzi Schemer, Dies at 82
NEW YORK—Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Madoff for decades presented himself as a successful and trusted Wall Street kingpin while secretly engaging in investment fraud,…
Canada Grapples With Familiar Housing Bubble as Demand Surges Amid COVID Support
Canada’s red-hot housing market is once again drawing calls for actions to cool it off lest the “bubble” bursts and creates grief across the economy.
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