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    Amid high inflation, persistently low unemployment and a banking crisis, the Federal Reserve announced a 25-basis-point increase to the federal funds rate — the ninth hike since March 2022. The latest hike brings the current rate level to 4.75% to 5.00%.The rate hike was not a sure thing following the collapse of two U.S. banks...

      Stacker ranked the best colleges in big cities using 2023 data from Niche. Colleges in cities with populations of more than 300,000 were considered, drawing data from the Census Bureau.

      A subsidiary of New York Community Bancorp has agreed to buy all the loans and deposits of Signature Bank. The institution failed two days after Silicon Valley Bank’s collapse, and global financial markets continue to respond to the biggest bank failure since the Great Recession. On March 20, Flagstar Bank officially assumed control of Signature Bank’s...

      President Joe Biden used his first veto on Monday to affirm consumers' right to access environmental, social and governance, or ESG investments through employer-sponsored plans, such as 401(k) plans. Earlier this month, Congress attempted to overturn a Labor Department rule that allows retirement fund managers to consider ESG factors.The House has scheduled a veto override vote for Thursday,...

      If you follow the rule of thumb that households should spend no more than 30% of gross income on rent, then most U.S. cities are unaffordable.  A monthly NerdWallet rent-to-income ratio analysis of 225 cities in the U.S. finds that, based on the most recent data, 65% of rents on the market are equal to or...

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      While inflation might have finally reached its peak, many Americans continue to struggle with high prices. Especially challenging is the fact that the spending categories with the greatest price increases are necessities, which are difficult to cut back on: over the last three years, the big…

      Sometimes, it pays to be a loyal customer. Airline miles, loyalty reward points, anniversary freebies, the coveted platinum membership tier — all of these incentives are designed to keep you committed to your favorite brands. But loyalty is typically a one-way street when it comes to car insurance."Insurance companies are there to make money," says...

      Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug.One in five Medicare recipients currently uses medical marijuana, according to an April 2022 poll by the Medicare Plans...

      Google says it plans to increase the monthly price of its streaming television service, YouTube TV, by $8 beginning in April, according to an email sent to subscribers on Thursday. YouTube TV subscribers will see their monthly cost rise from $64.99 to $72.99 — a 12% increase. Google cited increased content costs as the reason for...

      The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.This week’s episode starts with a discussion about...

      There are a lot of things to consider when starting a side gig while having a 9-to-5 job. This includes understanding how to plan for taxes, budgeting for your side income and deciding how you want your money to work for you. 

      Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode is part of our new series called "This or That," where the NerdWallet Travel team compares different ways to travel.Check out this episode on either of these platforms:Apple PodcastsSpotifyOur takeTravel credit cards generally earn points that you can redeem...

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