Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. I joined CBS This Morning to discuss how this could affect your bottom line.
President Trump hit China with new tariffs as retaliation for tariffs China slapped on U.S. goods. The escalating trade war has Wall Street worried. Weijia Jiang reports and yours truly makes an appearance!
Here’s my presentation from the World Domination Summit as I talked about two main emotions that effect our relationship with money — greed and fear. I reminded the WDS 2020 audience that we have the power to control and take action even when we feel these emotions and that we don’t have to make dumb decisions when it comes to money.
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.