Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading gadgets more frequently, or moving into a larger home. While these improvements can enhance comfort, unchecked spending can quickly outpace earnings, making it difficult to build or maintain wealth. Over…
Shares of Mixue Group, China’s largest bubble tea chain controlled by billionaire brothers Zhang Hongchao and Hongfu, jumped 43.2% in its highly anticipated Hong Kong stock market debut on Monday, boasting a market cap of $14.1 billion. The company, best known for selling freshly-made drinks for about $1, ended its…
U.S. businesses no longer have to comply with the beneficial ownership information (BOI) reporting filing requirements of the Corporate Transparency Act (CTA). The dramatic policy change was first announced on social media by the Treasury Department, followed by a press release posted on its website and a Truth Social post…
What Happens to Credit Card Debt When You Die? Another common question we get is: What happens to credit card debt when you die? Credit card debt is unsecured debt, so the same answer applies to payday loans, unsecured debt consolidation loans, and many other personal loans that were granted…
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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…
Twenty-two years before he bet his company on bitcoin, MicroStrategy CEO Michael Saylor sat down for a long interview with…
A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
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Selecting a 401(k) plan for your LLC or S corporation can significantly impact your employees’ retirement savings and your company’s financial strategy. The various 401(k) plans offer retirement savings opportunities for employees and potential tax advantages for the company. Small businesses have several 401(k) options,…
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By Garrett Johnson Whether you are a new grad or a young adult entering your first full-time job, budgeting tips for new grads…
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In my last column, I likened artificial intelligence to the wizard in “The Wizard of Oz.” It received a good reaction so I…
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Key takeaways The Bank of America® Unlimited Cash Rewards credit card offers a flat 1.5 percent cash back on all purchases. Bank of…
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Boone Rodriguez/Corbis/VCG/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Business loans require significant documentation about your business formation, financial statements and possibly a business plan Both personal and business finances are reviewed Lenders typically take a few days to weeks to process your information, depending on the lender and type…
Armed with $50 billion in dry powder, Swedish private equity firm EQT believes it can become the number one buyout firm in Asia and Europe, despite its lack of interest in the booming private credit business. By Hank Tucker, Forbes Staff Conni Jonsson grew up on a farm in rural…
Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the largest blaze, the Palisades Fire, has burned more than 23,000 acres. Thanks to dry and windy conditions, the fires are continuing to spread. At least 25 people are believed to have died in the fire…
It was a close call for a dog named Max when fire raged through his Altadena neighborhood. The brindle-coated Corso mix hid, huddled and scared, under some bushes in his yard as the Eaton fire ravaged his street. Firefighters and photojournalists in the area could hear his terrified barks. As…
I can’t tell you how many times I’ve spoken with a caller on The Ken Coleman Show who uttered the words, “I hate my job. What do I do?” It doesn’t matter how many times I hear that—it’s heartbreaking every single time. The unfortunate reality is 70% of Americans aren’t…
Key takeaways You could consider using a credit card for large purchases if you can pay off the balance before it starts accruing interest. A 0 percent introductory APR card buys you more time to pay off the purchase. Using a credit card to pay for large but predictable expenses…
DeFi — short for decentralized finance — is a new vision of banking and financial services that is based on peer-to-peer payments through blockchain technology. Via blockchain, DeFi allows “trust-less” banking, sidestepping traditional financial middlemen such as banks or brokers. What’s in it for investors? DeFi promises to allow investors…
Credit Sesame simplifies your financial life with tools to monitor and manage your credit. Life gets busy, and managing finances often takes a back seat until a late fee or missed payment reminds you to pay attention. But simplifying your financial life doesn’t have to be complicated. With the right…
Key takeaways Credit repair is a term used to describe the process of restoring your credit rating. You can hire a credit repair company to do the legwork for you or repair your credit on your own. You could also pursue credit counseling or debt consolidation, depending on your situation.…
“Ugh . . . why is gas so expensive?” you yell at the sky as you cough up $50 to fill ‘er up. Thankfully we aren’t back at that all-time record high when the average price of gas hit $5.01 a gallon on June 14, 2022.1 But we were around $3.33…
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