As we step into 2025, a concerning trend has emerged that reflects the financial struggles facing many American households. A recent report from Bankrate reveals that nearly half of credit card holders—specifically 48%—are now carrying over their balances month-to-month. This marks an increase from 44% at the beginning of 2024, suggesting that more individuals are
The arrival of the first paycheck in 2025 is likely a moment of anticipation for many workers across the country. However, this year, employees might notice a slightly altered financial landscape due to recent adjustments made by the Internal Revenue Service (IRS). While tax changes generally generate considerable interest, the implications of these alterations can
Lucid Group, the electric vehicle manufacturer seeking to carve a niche in the competitive EV market, recently released its third-quarter earnings, managing to slightly surpass Wall Street’s expectations. This achievement comes amid a backdrop characterized by aggressive cost-cutting initiatives and the anticipated launch of a new SUV model, the Gravity. While the reported adjusted loss
As student loan repayments resume post-pandemic, borrowers may find a silver lining in the form of the student loan interest deduction. This tax benefit offers eligible individuals the chance to reduce their taxable income by deducting up to $2,500 of interest on qualified student loans. For those grappling with the weight of educational debt, this
In a striking display of advancement in home cleaning technology, Roborock, a leading player in the robot vacuum cleaner market, has recently unveiled their latest model featuring a noteworthy innovation: a folding arm designed for the removal of everyday obstacles like socks and small towels. The integration of artificial intelligence (AI) into this feature marks
In a strategic move to enhance its loyalty program, Delta Air Lines has announced a new partnership with Uber, marking the end of its collaboration with Lyft after an eight-year tenure. This shift represents a significant shift in how airlines and ride-hailing services can work together to benefit frequent travelers. As travel surges return post-pandemic,
The announcement of Michael Barr’s resignation from his position as Federal Reserve Vice Chair for Supervision has significant implications for the U.S. banking landscape. As he steps down to avoid entanglements with the Trump administration, the path is being cleared for a new appointee who may adopt a more lenient regulatory stance. This change comes
The realm of personal finance faces a significant shift as the Consumer Financial Protection Bureau (CFPB) has finalized a groundbreaking rule aimed at alleviating the burdens of medical debt that has plagued millions of Americans. This rule not only signifies a proactive approach to consumer protection but also poses an important question: Is this a
The latest data from Halifax reveals a concerning shift in the U.K. housing market, as average property prices experienced their first decline in nine months during December 2024. This seemingly minor drop of 0.2% between November and December may appear insignificant; however, it signals a potential turning point for a market once riding high on
The denim landscape has recently witnessed a resurgence of interest in vintage styles, and at the forefront of this revival is the iconic brand True Religion. Following its acquisition by private equity firm Acon Investments and SB360 Capital Partners, a subsidiary linked to American Eagle and led by CEO Jay Schottenstein, True Religion is poised