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News Articles: Your Money

Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher.

Tagged as: 

  • Your Money

Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

With mortgage rates up sharply, many more homebuyers are turning to adjustable rate loans. These can be more affordable, at least at first. But they come with a big risk. Is it worth it?

September 10, 2022
|
By:
  • Chris Arnold

Tagged as: 

  • Education

Borrowers in 7 states may be taxed on their student loan cancellation

Seven states have tax policies on the books that could require them to treat student loans canceled by the federal government as taxable income.

September 09, 2022
|
By:
  • Cory Turner
MJ Capital Funding's website said that its founder, Johanna Garcia, was "often referred to as 'Mother Teresa' in her community." But federal authorities say Garcia was actually running a Ponzi scheme. The site was shut down by court order; an archived version is seen here.

Tagged as: 

  • Law

A Florida woman touted as a 'Mother Teresa' ran a $196 million Ponzi scheme, feds say

Federal prosecutors say Johanna Garcia's company wasn't a funding miracle for small businesses but a lucrative Ponzi scheme whose co-conspirators spent millions of dollars on luxury items.

September 07, 2022
|
By:
  • Bill Chappell
The complaint filed by the Federal Trade Commission alleged that Credit Karma falsely told users they were preapproved for credit cards and other offers, harming their credit scores and wasting their time.

Tagged as: 

  • Business

Credit Karma will pay $3 million to users targeted with false preapproved offers

The FTC order came after nearly a third of Credit Karma users who were told they qualified for preapproved credit card offers were actually turned down, wasting their time and hurting credit scores.

September 06, 2022
|
By:
  • Dustin Jones
Personal finance smackdown

Tagged as: 

  • Your Money

An economist studied popular finance tips. Some might be leading you astray

A Yale professor of finance read through 50 popular finance books to see how they square with traditional economic theory.

September 06, 2022
|
By:
  • Greg Rosalsky
David Williams is a stocker at a Dollar General store in New Orleans. He's pushing for better work conditions and pay at his store with help from Step Up Louisiana.

Tagged as: 

  • Business

Dollar store workers in the South have a labor movement. Just don't call it a union

Unions aren't popular in the South. That's one reason why a labor organizing campaign at Dolllar General stores in Louisiana doesn't use the u-word.

September 03, 2022
|
By:
  • Stephan Bisaha
The Diablo Canyon nuclear power plant was scheduled to be shuttered in 2025. But California Governor Gavin Newsom now wants to expand its lifespan.

Tagged as: 

  • Energy

Why even environmentalists are supporting nuclear power today

Environmentalists advocating for nuclear power have led a push to extend the operating life of Diablo Canyon, California's last nuclear power plant. Japan and Germany consider similar extensions.

August 30, 2022
|
By:
  • Uri Berliner
Student loan borrowers stage a rally in front of The White House on Aug. 25 to celebrate President Biden cancelling student debt. The plan has sparked heated debate, including about its economic fairness.

Tagged as: 

  • Business

Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate

President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.

August 28, 2022
|
By:
  • Scott Horsley
More than two years ago, then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans. The pledge has followed his administration ever since.

Tagged as: 

  • Education

Biden is canceling up to $10K in student loans, $20K for Pell Grant recipients

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.

August 25, 2022
|
By:
  • Cory Turner and
  • Sequoia Carrillo
Electric vehicles are displayed at a news conference with White House Climate Adviser Gina McCarthy and Secretary of Transportation Pete Buttigieg in Washington, D.C., on April 22, 2021. The Biden administration's climate and health care bill passed by Congress last week revamps a tax credit for buyers of electric cars.

Tagged as: 

  • Business

You can get a $7,500 tax credit to buy an electric car, but it's really complicated

The Biden administration's climate and health care bill revamps the available tax credits for buyers of electric cars. Here's what to know about how they work.

August 22, 2022
|
By:
  • Arezou Rezvani
In this photo illustration, Janine Ramirez, a hearing aid specialist with Hear Again America, places a hearing aid on an ear Oct. 20, 2021, in Fort Lauderdale, Fla.

Tagged as: 

  • Your Health

Over-the-counter hearing aids will bring relief, but with some confusion

A new FDA rule is being praised for making hearing aids more affordable. But Medicare doesn't cover them, and neither do most insurance policies.

August 18, 2022
|
By:
  • Bill Chappell
After years of carrying medical debt from the premature birth of her daughter, Terri Logan recently discovered a nonprofit called RIP Medical Debt had paid off her bills.

Tagged as: 

  • Health Care

This group's wiped out $6.7 billion in medical debt, and it's just getting started

Nonprofit RIP Medical Debt buys up unpaid hospital bills plaguing low-income patients and frees them from having to pay.

August 17, 2022
|
By:
  • Yuki Noguchi
Starbucks says regional staff of the National Labor Relations Board repeatedly crossed the line of neutrality to help union organizers in Kansas. Here, activists protest against Starbucks CEO Howard Schultz in New York City last month.

Tagged as: 

  • Business

Starbucks asks for a nationwide pause in mail-in union votes, alleging misconduct

In a letter shared with NPR, the company alleges that labor board personnel exploited "weaknesses in the mail-ballot election process" to help union organizers.

August 15, 2022
|
By:
  • Bill Chappell
A new poll finds white adults are more than twice as likely as others to get sizable financial help from parents or grandparents. By contrast, Black adults are more likely to give money to elders.

Tagged as: 

  • National

Here's one reason why America's racial wealth gap persists across generations

A new poll finds white adults are more than twice as likely as others to get sizable financial help from parents or grandparents. By contrast, Black adults are more likely to give money to elders.

August 13, 2022
|
By:
  • Jennifer Ludden
Nikki Cox faced possible eviction this summer after her work hours were cut, and then she lost three weeks of pay after getting COVID-19.

Tagged as: 

  • National

'We have nowhere to go': Many face eviction during a crisis in affordable housing

Most Americans say a lack of affordable housing is a serious problem where they live. An NPR poll also finds nearly twice as many Black renters as white faced an eviction threat in the past year.

August 09, 2022
|
By:
  • Jennifer Ludden
  • Load More

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