Americans saw a big chunk of their stock market savings disappear on Wednesday over fears of an economic recession. The Dow fell 800 points, more than 3%, in the biggest drop of the year. Don Dahler reports and I make an appearance!
There are new fears of a recession, and Wall Street took a hit Wednesday. What should you be doing with your money? I joined the CBS Evening News to discuss.
The trade battle between the U.S. and China is rocking stock markets around the world. Major indexes lost nearly 3% or more on Monday and the Treasury Department is now labeling China as a currency manipulator. I joined CBS This Morning with more on what that means for your money.
The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. I joined CBS This Morning with a look at what the decision means for your wallet.
The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. I joined the CBS Evening News to explain how it will impact Americans.
After a huge data breach in 2017, credit monitoring agency Equifax agreed to pay out $700 million, up to $425 million of which would establish a fund to compensate consumers. About 147 million people, nearly half of the country’s population, had their personal and financial information exposed. Equifax admits “no wrongdoing,” and a federal court still needs to sign off on the settlement. I joined CBS This Morning to discuss how you can find out if you’re eligible for a payment.
A recent creditcards.com survey found that a large majority of Americans with debt would not be willing to cut spending on either leisure travel or clothing and shoes by 50%. I joined CBS This Morning to discuss how these choices can impact your credit.
Chants of "equal pay" interrupted a speech by a top soccer official this week as the U.S. women’s national soccer team celebrated their fourth World Cup title. The players are suing over gender and pay discrimination. The players' fight for parity reflects the national battle for equal pay. A recent study shows women make 49 cents for every dollar a man does, over a 15 year period of their careers. I joined CBS This Morning to discuss ways we can start closing the gender wage gap.
In this week's Eye On Money, we are focusing on the growing number of student loan scams. As many families deal with college financing this summer, the Better Business Bureau reports an increase in fraudulent texts, emails and voicemails about loans. I joined CBS This Morning with what families need to know to avoid these scams.
According to the planning website The Knot, couples spent an average of nearly $34,000 on their wedding last year. And while 80 percent of couples say they set a budget, 45 percent report going over it. I joined CBS This Morning to share tips on how to plan a wedding without breaking the bank, and how to prepare for a sound financial future.