Personal finance

The Manhattan skyline is shrouded in a smoky haze from Canadian wildfires as seen from the East River waterfront in Brooklyn, New York, June 6, 2023. Ed Jones | Afp | Getty Images Eight of the warmest years in history have all come since 2015. With an El Niño weather pattern developing, it could be

brightstars | E+ | Getty Images Small businesses are facing an onslaught of ads, phone calls and emails to help them claim a pandemic-era tax credit. However, experts urge business owners to review eligibility with a qualified tax professional. The tax break — known as the employee retention credit, or ERC — was enacted in

The United States Supreme Court Building Geoff Livingston | Moment | Getty Images The Supreme Court is expected to issue a ruling on the Biden administration’s student loan forgiveness plan this month. That decision will play a role in shaping the the financial future of 40 million Americans. If the justices greenlight President Joe Biden’s

swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. “What a difference a year makes,” said Andrew Gross, a spokesperson for AAA, the motoring and leisure travel membership organization. As of Friday, the national

Simon2579 | E+ | Getty Images Auto insurance premiums have been among the fastest-rising prices for consumers over the past year, according to federal data — a dynamic that might seem at odds with car prices, which are broadly trending lower. So, what’s going on? In short: Auto insurance prices generally track those in the

D3sign | Moment | Getty Images Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during a panel discussion at CNBC’s Financial Advisor Summit.   “We’re all crazy when it comes to money,” said Brad Klontz, managing principal of YMW Advisors in Boulder, Colorado, and

Moyo Studio | E+ | Getty Images Saving enough money to comfortably retire later in life may seem like a daunting, out-of-reach goal. But some are challenging themselves to reach that goal even sooner than usual. The FIRE movement — which stands for Financial Independence, Retire Early — is built on the idea that handling

Kate_sept2004 | E+ | Getty Images After the Federal Reserve’s interest rate pause on Wednesday, a fixed-income expert covers what to know about bond allocations amid economic uncertainty.  “This is an attractive time to start looking at investment-grade credit,” which may provide “good income,” said Sonal Desai, executive vice president and chief investment officer for

After more than a year of steady rate hikes, the Federal Reserve held its target federal funds rate steady Wednesday. For households, however, that offers little relief from record-high borrowing costs. “It’s not like rates will go down,” said Tomas Philipson, University of Chicago economist and a former chair of the White House Council of Economic

People shop at Lincoln Market on June 12, 2023 in the Prospect Lefferts Gardens neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images News | Getty Images Inflation slowed in May to the lowest rate in two years, largely on the back of declining prices for energy like gasoline

Djordje Krstic | Istock | Getty Images New government data shows the annual rate of inflation dipped to the lowest level in about two years as of May. But that may be bittersweet news for Social Security beneficiaries, as they may receive a much lower cost-of-living adjustment in 2024 than they did this year. The

Sam Edwards | Getty Images If you’re a freelancer, entrepreneur, or other worker who doesn’t have taxes withheld from your paycheck, a key deadline to make payments is approaching, according to the IRS. The due date for 2023 second-quarter estimated tax payments is June 15, which applies to income without withholdings, such as self-employment earnings,

Lucigerma | Istock | Getty Images Retirement confidence may be dropping due to the economy. But for retirement savers and retirees alike, there’s one worry that stands out above the rest — the possibility they may outlive their assets, according to new research from research and consulting firm Cerulli Associates. That worry looms large for

Berk Ucak | Istock | Getty Images When federal student loan bills restart in September, millions of borrowers could be making their payments to a company they’ve never heard of. During the pause of more than three years on payments, several of the lenders that managed the debt for the government stopped doing so. Those

Customers outside a Silicon Valley Bank branch in Beverly Hills, California, on March 13, 2023. Lauren Justice | Bloomberg | Getty Images Most millionaires — 63% — support Congress raising FDIC coverage limits following the recent failures of Silicon Valley Bank and Signature Bank earlier this year, a new CNBC survey finds. The survey found

Actress Gwyneth Paltrow enters the courtroom for her trial in Park City, Utah, March 24, 2023. Rick Bowmer | Getty Images “I wish you well.” Gwyneth Paltrow may have had the last word at the conclusion of her ski accident trial in March, but it was her head-to-toe “old money” look that is still echoing

In this article LEVI BLK Follow your favorite stocksCREATE FREE ACCOUNT Levi’s has run a worker savings program since 2015 but in recent years has participated in BlackRock’s initiative. Pictured, a Levi’s display at a Kohl’s in San Rafael, California. Justin Sullivan | Getty Images When new employees get hired at the Levi’s store in

Yuliya Taba | E+ | Getty Images The Consumer Financial Protection Bureau is warning that roughly 1 in 5 student loan borrowers have financial risk factors that could cause them to struggle when their payments resume in the fall. The bipartisan agreement to raise the federal debt ceiling signed into law earlier this month by

AsiaVision | E+ | Getty Images LAS VEGAS — If you received a tax penalty notice from the IRS, it’s possible to get the fees waived in certain situations, tax experts say. The lesser-known first-time penalty abatement provides relief for otherwise compliant taxpayers. “It’s like a get out of jail free card,” said Rosemary Sereti,

Simpleimages | Moment | Getty Images Millionaires moved money out of stocks into cash and cash-like investments in the past year and may add to those allocations over the next 12 months, according to a new CNBC Millionaire Survey. But the average investor may not be wise to mirror the millionaires. Much would depend on