How many credit cards should you have? It’s not zero, say experts
Jose Luis Pelaez Inc | Digitalvision | Getty Images Why having a credit card can be beneficial Having a credit card — and using it responsibly — is a good…
Credit card rates stand at a record 20.69%
The Federal Reserve may have paused its aggressive interest rate hikes for now, but that offers little relief for anyone with credit card debt. The central bank raised interest rates…
We’re all crazy with money, advisor says. How to manage your psyche
Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during a panel discussion at CNBC’s Financial Advisor Summit. “We’re all…
How lower gas prices can help travelers save this summer
swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year.…
Using cash like a millionaire may not work for investors. Here’s why
Simpleimages | Moment | Getty Images Millionaires moved money out of stocks into cash and cash-like investments in the past year and may add to those allocations over the next…
Price bubble in AI stocks will wreck rally: economist David Rosenberg
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a…
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
A clerk uses a credit card reader to charge a customer in Miami. Getty Images Total consumer debt hit a fresh new high in the first quarter of 2023, pushing…
How transportation costs add to inflation
A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year.…
Consumer debt hits record $16.9 trillion as delinquencies also rise
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters Consumer debt hit a fresh record at the end of…
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though…