Personal Economics

Factbox: What happens in a U.S. government shutdown?

By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

By Nate Raymond, Reuters

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
Trump's drug czar nominee withdraws from consideration

By Sarah N. Lynch and Makini Brice, Reuters

WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...
6 Tips for Renovating Your Home Without Getting Ripped Off

By Beth Braverman

Follow these steps to make sure that you’re not spending more than you need to on your home improvement projects.
The Risk That’s Growing Once Again in the Housing Market

By Diana Olick, CNBC

Homebuyers are increasingly opting to put less money down when purchasing their homes, increasing their risk should the housing market, and specifically home prices, falter yet again.

Making a Big Money Move? Why You Should Probably Consult a Financial Adviser

By Beth Pinsker, Reuters

People hire financial advisers with the very obvious goal of getting advice on how to handle their money. So why do investors often cut advisers out of consequential decisions? Some advisers say...
Are Fidget Spinners Dangerous? Consumer Group Issues a Warning

By Beth Braverman

The Consumer Product Safety Commission is warning that fidget spinners might not be suitable for everyone.
The Best City in America for Working Parents

By Beth Braverman

While it’s tough for working parents across the country, there are some cities where the load is a bit lighter, thanks to lower childcare costs and shorter commute times.
Here’s How Much More Your Health Insurance Will Cost Next Year

By Beth Braverman

Consumers who get health insurance through their jobs won’t see rate hikes in the double digits like those on the Obamacare exchanges, but they’ll still see the cost of health care go up.
Would Trump Take Away Your Mortgage Interest Deduction?

By Rob Garver

In the complicated world of federal tax expenditures, there is perhaps no provision more loved by its beneficiaries and more hated by academic economists than the mortgage interest deduction. For...

Wells Fargo profit rises 1.7 percent as mortgage business steadies

By Peter Rudegeair, Reuters

(Reuters) - Wells Fargo & Co <WFC.N> said third-quarter profit rose 1.7 percent, after the biggest U.S. mortgage lender's home loan business eked out its first income increase since the end...
Citi pulls out of consumer banking in 11 countries, profit jumps

By Anil D'Silva and David Henry, Reuters

(Reuters) - Citigroup Inc <C.N> said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut...
JPMorgan's profit misses; posts unexpected $1 billion legal expense

By Tanya Agrawal and David Henry, Reuters

(Reuters) - JPMorgan Chase & Co <JPM.N> reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset...
Americans face post-foreclosure hell as wages garnished, assets seized

By Michelle Conlin, Reuters

NEW YORK (Reuters) - (This corrects paragraph 28 to show financial institutions in Maryland have 27 years, not 36, to collect deficiency judgments) Many thousands of Americans who lost their homes in...
Ebola Scams Prey on the Public’s Fear

By Marine Cole

With new Ebola cases or deaths now occurring daily, scammers are hoping to bank on the public’s fear, offering all kinds of products marketed as the latest Ebola cure.

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