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Finance

Dump Jackson, Not Hamilton, on U.S. Currency

Former Federal Reserve chief-turned blogger Ben Bernanke is calling for the U.S. Treasury to abandon plans to drop Alexander Hamilton from his featured spot on the $10 bill and to dump Andrew Jackson from the $20 instead. Bernanke wrote Monday that he is “appalled” by Treasury Secretary Jacob Lew’s plans …

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Finance

How to Find the Best Travel Rewards Credit Card for You

Choosing a travel rewards credit card can be overwhelming. Every week, American consumers receive millions of pieces of direct mail from credit card issuers offering large sign-on bonuses and fast ways to travel for free. If you search for the best travel card on Google, you will be presented with …

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Finance

The Postal Service Wants You to Bank at Your Post Office

The Massachusetts Senator and consumer advocate firebrand may not be running for president. But her backing of the U.S. Postal Service’s plan to begin offering budget-priced banking services to U.S. savers could remake the American landscape regardless. An Idea Whose Time Has Come? In May, USPS admitted to losing $1.5 …

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News Updates

The 3 Biggest Discount Gyms in America

Discount gyms offering affordable memberships and endless rows of cardio machines are exploding in number and popularity, and one prominent chain may even soon go public. On May 26, Planet Fitness, a fast-growing chain owned by private equity firm TPG Consumer Partners, filed draft documents for an initial public offering. …

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Finance

3 Projects to DIY and 3 to Leave to the Pros

Nearly one-third of Americans are planning a home renovation this year, according to a Liberty Mutual Insurance survey of 2,000 adults. Of those, 7 in 10 plan to do at least some of the work themselves. DIYing it can be a great way to save money, but you have to …

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Finance

How to Turn a $10,000 Investment Into a $70,000 Salary

It seemed like a classic utopian vision. Free prestigious university classes delivered online, open to anyone, offering the potential to slay the college debt monster. Instead, so-called Massive Open Online Courses, or MOOCs, proved how little students often learn from online classes. Dropout rates as high as 90 percentwere reported, …

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Finance

The Backdoor Roth IRA: Personal Finance’s Sneakiest Maneuver

 A Roth IRA is the ultimate retirement vehicle, as it allows you to contribute post-tax dollars to a retirement account. That means a Roth IRA grows tax-free and is withdrawn tax-free since you’ve paid taxes on the money upfront. Essentially, consumers pay taxes on the seeds they sow instead of …

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News Updates

Durable Goods Orders Retreat Again in May

Orders to U.S. factories for long-lasting manufactured goods fell in May, pulled down by a sharp drop in demand for aircraft. But a category that reflects business investment rose last month, a hopeful sign for manufacturing. The Commerce Department said Tuesday that total orders for durable goods dropped 1.8 percent …

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Finance

Walmart Removing Confederate Flag Items From Stores, Online

Walmart said Monday it is removing any items from its store shelves and website that feature the Confederate flag. The announcement by the world’s biggest retailer comes as the shooting deaths of nine people at a historic black church in Charleston, South Carolina, have reignited the debate over the flag’s …

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Finance

New Home Sales Hit 7-Year High in May

New single-family home sales increased in May to a more than seven-year high, further brightening the outlook for the housing market and the broader economy. The Commerce Department said Tuesday sales rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units, the highest level since February 2008. April’s …

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