|
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
|
|
Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.
|
|
The White House is proposing a flurry of policies to stimulate the moribund housing market, and one analyst is proposing another twist.
|
|
Half of Americans think ICE is making American cities less safe, CNN poll finds CNNMajority Of Voters Think Fatal Shooting Of Minneapolis Woman By ICE Agent Was Not Justified, Quinnipiac University National Poll Finds; 57% Of Voters Disapprove Of The Way ICE Is Enforcing Immigration Laws Quinnipiac University Poll5 takeaways from new polls of the Minneapolis ICE shooting CNNHalf of Americans think ICE is making cities less safe, poll finds - live The Guardian
|
|
US banking giants reap bigger profits as borrowers seek more loans ReutersBank earnings show a monster 2025 and shareholders reap rewards Yahoo FinanceBank Earnings: Wells Fargo, Bank of America, and More Roll Out Barron'sWall Street heads for best investment banking year since pandemic Financial TimesBig banks report earnings as Trump's credit card play poses new threat qz.com
|
|
US announces start of phase two of Trump's Gaza peace plan BBCTrump: US notified that killing of Iran protesters has ceased, executions won't take place The Times of IsraelU.S. announces launch of second phase of Gaza peace plan The Washington PostUS announces start of second phase of Gaza ceasefire The Guardian
|
|
Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
|
|
Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
|
|
Your life insurance monthly premium can start looking less and less appealing once you've retired. It's a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own parents. "The cost of the insurance had risen to the point where it was getting unaffordable. They were wondering do we really need to keep this coverage now that the kids are all grown up?"
If you stop paying your premiums, you lose your life insurance coverage, and your heirs wouldn't get anything back for what you've paid in. If you cancel a policy that has cash value, a reserve of money built up in some types of life insurance, the insurer sends you a check for that amount, though it will be far less than the listed death benefit.
Over the past 20 years, a third option went mainstream: selling your policy to a company, a practice known as a life settlement, with the buyer getting the death benefit when you die.
SEE MORE Don't Fall for That Life Insurance Ad on TV
"It's kind of morbid when you think about it. A group buys boatloads of policies from people that have fallen on hard times and can no longer afford their insurance," profiting from the seller's death, says Simon. "In theory, they want you to die tomorrow. If you live another 20 years, it's a bad investment for them."
Selling a life insurance policy generally isn't a great deal for you either, and there are better alternatives worth exploring. Simon finds that people typically turn to selling a policy when they're desperate. Usually, it's because they've spent down their other retirement assets, or they might be dealing with high medical bills. "It's a measure of last resort, like taking a reverse mortgage. I rarely see them working out well for people, and they could en
|
|
