Personal finance
Treasury Department may fine small businesses up to $10,000 if they don’t file this new report
Key Points The Corporate Transparency Act requires many businesses to report “beneficial ownership information” by Jan. 1, 2025, in an effort to curb crime through shell companies. About 32.6 million businesses are subject to the new BOI reporting, according to federal estimates. Individuals that “willfully” violate the requirement may be subject to fines of $10,000 […]
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‘Pet sitter’ dominates the list of the most trendy roles for workers in Singapore, according to Indeed
“For many, roles like pet sitting or chauffeuring offer something that high-stakes jobs often struggle to provide: simplicity, flexibility, and a sense of control,” says Saumitra Chand, career expert at Indeed. Edwin Tan | E+ | Getty Images “Pet sitter,” “chauffeur,” “bakery assistant” and other service jobs are drawing a surge of interest in Singapore, […]
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More employers add 401(k) plan match for those paying student loans
Key Points More companies are choosing to offer a 401(k) plan match to workers who are paying off their student loans. A recent law, Secure 2.0, allowed employers to essentially treat student loan payments like a 401(k) contribution for the purposes of offering a match, starting in 2024. Large companies like Kraft, Workday, News Corp. […]
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‘Dynamic pricing’ was a top contender for word of the year. Here’s why it got consumers so worked up in 2024
9parusnikov | Istock | Getty Images Oxford University Press may have crowned “brain rot” the word of the year, but “dynamic pricing” was also a top contender. Originally coined by economists in the late 1920s, dynamic pricing refers to “the practice of varying the price for a product or service to reflect changing market conditions. […]
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This ‘stepping stone’ strategy helps parents boost their kids’ credit score. Here’s how it works
Key Points Parents can add a child as an authorized user to their credit card account to help build a kid’s credit history and credit score. The strategy is generally best for kids in their later teenage years, maybe around 16 years old, or those in their early 20s, experts said. Parents may want to […]
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Here’s why Americans traveling to Europe may find bargains in 2025
Oscar Wong | Moment | Getty Images Euro is expected to hit parity with the dollar Economists expect the euro to fall to or even below parity with the U.S. dollar next year. That would mean the currencies had a 1:1 exchange rate. The euro is used by 20 of the 27 nations in the […]
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You’re ‘wired’ to overspend during the holidays, expert says — here’s what to do about it
Key Points Consumers are “wired” to think more of the short term instead of long-term financial goals, according to a behavioral finance expert. Americans expect to spend an average $1,014 on holiday gifts this year, according to a Gallup poll. There are ways to check your spending during the holiday season, experts said. Source
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Avoid these 3 common mistakes when asking for a promotion, says INSEAD negotiation professor
pixelfit | E+ | Getty Images Asking for a promotion can feel daunting and negotiation can be tricky — but learning how to navigate the process is important. People often approach negotiations with the wrong mindset, said Horacio Falcão, INSEAD professor, negotiation expert, author, serial entrepreneur, and designer of INSEAD’s “The Negotiation Course for the […]
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Why exchange-traded funds are a ‘growth engine’ of active management
ETF Strategist Why exchange-traded funds are a ‘growth engine’ of active management Published Wed, Nov 27 20241:07 PM EST Greg Iacurci@GregIacurci WATCH LIVE Source
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‘The key to becoming rich’: How to conquer a money bias that could be holding you back, from a financial psychologist
If you’re like most people, you likely know that you need to make a few key moves to get your finances on track. You just haven’t quite gotten around to it yet. Those who feel stuck in the mud financially can take some solace in the fact that they come by it honestly. That’s because […]
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