Personal finance
Here’s the inflation breakdown for September 2024 — in one chart
Key Points The consumer price index rose by 2.4% in September 2024 on an annual basis, according to the Bureau of Labor Statistics. Inflation declined amid a pullback in gasoline prices and moderation in housing inflation. There were some trouble spots, however, such as groceries and car insurance. Source
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
Lucy Lambriex | Stone | Getty Images As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate […]
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Life spans are growing but ‘health spans’ are shrinking. What that means for your money
Key Points The average American is living longer. But older people live fewer years in good health. Their “health span” is shrinking. Chronic medical conditions are generally associated with higher healthcare expenses. Source
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Warren Buffett’s S&P 500 bet paid off. Experts weigh in on whether it’s still a winning strategy
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images In 2007, Warren Buffett made a $1 million bet that he could outperform hedge fund managers over the course of a decade by investing in an S&P 500 index fund. In 2017, he won. Some individual investors are making similar bets on […]
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Harris proposes expanding Medicare to cover long-term care at home
US Vice President and Democratic presidential nominee Kamala Harris is pictured in studio at ABC during a break during the recording of the show “The View” in New York on October 8, 2024. Charly Triballeau | Afp | Getty Images Vice President Kamala Harris announced a new proposal on Tuesday that would require Medicare to […]
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Harris enters the homestretch riding a once-in-a-generation economic upswing
The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while […]
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Crypto relationship scams pose ‘catastrophic harm,’ SEC official says. Here’s how to avoid them
Key Points Crypto relationship scams have become a common type of investment fraud tied to cryptocurrency like bitcoin and ethereum. Criminals use social media, networking and other sites like Instagram, WhatsApp and LinkedIn to build trust and entice people to buy fake crypto investments, federal officials said. Source
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Missouri judge blocks Biden student loan forgiveness that was cleared to proceed
U.S. President Joe Biden delivers remarks on new Administration efforts to cancel student debt and support borrowers at the White House on October 04, 2023 in Washington, DC. Kevin Dietsch | Getty Images The Biden administration’s sweeping student loan forgiveness plan was temporarily blocked again Thursday by a Missouri judge, just one day after a […]
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I grew my side hustle into a $20,000 a month business — here are 4 tips I have for aspiring entrepreneurs
Jean Kang, 32, brings in about $20,000 a month with her business. Courtesy of Jean Kang Jean Kang never thought she would be an entrepreneur. Growing up in the San Francisco Bay Area, she had always envisioned herself working for a big tech company. “I grew up watching a lot of ‘Shark Tank’ [and] thought […]
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Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate
A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring […]
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