President Donald Trump on Friday nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, setting up a confirmation process that could prove…
By Julie Jaggernath If you’ve been spending your time shoveling snow recently, try using it as a chance to think about what money management tips you can learn from the winter weather that has hit…
President Donald Trump on Friday announced that he is nominating Kevin Warsh to succeed Jerome Powell as chairman of the Federal Reserve, ending months of speculation over who he’d pick to head the central bank. “I have known Kevin for a long period of time, and have no doubt that…
Jose Luis Pelaez Inc/Getty Images Key takeaways Short-term loans provide financing with a brief repayment period and often require collateral to obtain. These loans are generally capped at $2,000 and are often used by borrowers who are strapped for cash or who have a low credit score. Loan funds are…
Holiday spending came in at the high end of projected ranges for 2025 despite numerous economic challenges. According to Mastercard, U.S. retail sales (excluding automotive) increased 3.9% year-over-year from Nov. 1 through Dec. 21, 2025. CNBC and the National Retail Federation published a similar increase, reporting holiday sales grew 4.1%…
Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just weeks after a bankruptcy filing. The luxury retailer said 23 of its Saks OFF 5TH stores will cease operations on Monday, Feb. 2, while another 34 will hold closing sales…
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The Federal Reserve on Wednesday announced it will leave interest rates unchanged, breaking a streak of three straight rate cuts amid uncertainty over the labor market and inflation. Fed policymakers voted to leave the benchmark federal…
