JPMorgan Chase CEO Jamie Dimon issued a warning that some of the conditions in financial markets are reminding him of the years leading up to the…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates ticked up slightly this week, with the 30-year fixed rate averaging 6.10%, up from 6.09% last week, according to Bankrate’s latest lender survey. Current…
Excise taxes and sales taxes both generate government revenue, but they work in fundamentally different ways. Sales taxes apply broadly to most retail purchases at a uniform percentage rate, appearing as a line item at checkout. Excise taxes, by contrast, target specific goods, like gasoline, tobacco and alcohol, and are…
Even as higher-end department stores struggle, off-price retail is thriving, showing that Americans are still spending, just more selectively. TJX Companies – which owns TJ Maxx, Marshalls and HomeGoods – blew past Wall Street expectations in its fourth quarter earnings report Wednesday morning.Sales surged 9% year-over-year to $17.7 billion in…
The latest Bankrate Financial Fraud Survey reveals that about 1 in 3 U.S. adults (34 percent) have experienced financial fraud or a scam in the past 12 months, since January 2024. Among them, nearly 2 in 5 (37 percent) lost money. “Financial scams today come in all shapes and sizes,…
kate_sept2004/Getty Images S&P 500 index funds allow you to invest in the Standard & Poor’s 500 Index, a collection of stocks that includes the largest and most successful companies in the U.S. The S&P 500 index has returned an average of about 10% annually over time. Here are seven of…
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The Supreme Court on Friday struck down a significant portion of the Trump administration’s tariffs that the justices found the tariffs were imposed illegally under an emergency economic powers law. The Court issued a 6-3 ruling…
