The Best Holiday Gift to Your Family? No New Debt

We’re entering prime shopping season: According to NerdWallet’s 2019 Holiday Shopping Report, Americans plan to spend an average of $825 on gifts during the 2019 holidays, ranging from clothing to gift cards to toys, up 6% over last year. And for many of us, that means lingering credit card debt well after the holiday decorations are […]

I became a ‘salon guinea pig’ to save $25

The national average of a women’s haircut is $45.88. I paid $28 for a haircut, shampoo and blow dry by a cosmetology student. In New York State, the average women’s haircut is $53.53 It can be a hair-raising experience to find a hair stylist that you trust. And even then you have to find one […]

What happens when you buy from gift guides

From 2009 to 2018, I was the secret Santa behind God knows how many Louis Vuitton wallets and Prada perfumes under American Christmas trees. As an editor at the luxury-shopping website PurseBlog, I was the gift-guide maestro, orchestrating hundreds of product suggestions each season. I gift-guided my brains out for weeks at a time, doing […]

Fidelity eliminates fees as it jumps on zero-commission bandwagon

Fidelity Investments said that it is eliminating trading commissions, becoming the latest company to reduce brokerage fees as rival investing platforms chase greater market share. Fidelity said it would cut fees to $0 on online trades of U.S. stocks, eliminating a $4.95 charge for such trades. The Boston-based company’s fee changes also include exchange-traded funds […]

How to Avoid Investment Sticker Shock

When you are shopping for a house or a car, the price tag matters. Although Americans famously dislike haggling over prices, most people will suck it up and do some bargaining for a big-ticket item like that. But price consciousness applies to other purchases, too. You probably compare prices at the grocery store, perhaps opting […]

How to Invest in Preferred Stock ETFs

Preferred stocks provide consistent dividend payments, but since they offer higher income payments than traditional bonds, these assets are a hybrid between stocks and bonds. While preferred stocks represent ownership in a company similar to a stock, these equities function somewhere in between bonds and stocks for income-seeking investors, says Mitch Tuchman, chief investment officer at […]

Citigroup hit with record UK fine for incorrect reporting

Citigroup was fined 44 million pounds ($57 million) by the Bank of England for years of inaccurate reporting to regulators about the lender’s capital and liquidity levels. Applying its largest fine ever, the central bank’s Prudential Regulation Authority said Tuesday that between June 2014 and December 2018, three U.K. units of the Wall Street bank […]

Splunk shares surge to record after rallying 17% in two days

Splunk’s stock soared to a record, propelled by a two-day rally that began last week with better-than-expected earnings and continued on Monday after an analyst said the company is a prime acquisition target. Shares of the data analytics provider climbed more than 5% to as high as $148.18. The company, which went public in 2012, […]