Why won’t the banks issue credit cards to retirees?

I am a 75-year-old retiree who helps seniors with their computers, tablets and laptops. I read your article about banks refusing to issue credit cards to retirees and agree that people need to know about this before they retire. I have been married to the same man for 53 years – my husband is the […]

U.S. New Home Sales Unexpectedly Rebound Sharply In October

After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales unexpectedly rebounded in the month of October. The Commerce Department said new home sales spiked by 7.5 percent to an annual rate of 632,000 in October after plunging by […]

US expected to give Chevron approval to expand Venezuela oil operations

video OPEC decision leaves US ‘no good choices’ as Biden turns to Venezuela: Vanessa Neumann Asymmetrica CEO and former Venezuelan Ambassador to the U.K., Vanessa Neumann, reacts to the possibility of the U.S. easing sanctions to allow Chevron to pump oil in Venezuela.  Chevon Corp. may be on the verge of winning U.S. approval to […]

What is next for interest rates? It just got more complicated

The good news for investors is that US Federal Reserve Board officials now believe they should slow the pace of interest rate increases. The bad news is that they think US rates may end up higher than they had previously thought. That somewhat complicated messaging came out of the minutes of the Fed’s November Open […]

China Leaves Key Lending Rates Unchanged

China kept its main lending rates unchanged for the third straight month as the weakening yen impede the ability of the central bank to support slower economic growth. The People’s Bank of China left its one-year loan prime rate, or LPR, unchanged at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was […]

$1bn left in the pot: Are you eligible for a Royal Commission refund?

I’ve been urging Australians to claim their share of more than $5 billion of ‘Royal Commission refunds’ for the past two years, but only recently did I learn that my own late grandmother was a victim. The ironically named “CBA Financial Wisdom” charged her about $8000 in financial advice fees and provided no advice or […]

Another rail union rejects deal, escalating strike threat ahead of holidays

video Railroad companies ‘disappointed’ some unions rejected initial deal: Ian Jeffries Association of American Railroads president and CEO Ian Jeffries says 6 out of 12 unions have agreed to the railroad worker contract negotiations. A fourth rail union has rejected a tentative agreement with the nation's major freight railroads, raising the prospects of a nationwide […]

U.S. Existing Home Sales Decrease For Ninth Straight Month In October

Existing home sales in the U.S. saw a substantial decrease in the month of October, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plummeted by 5.9 percent to an annual rate of 4.43 million in October after slumping by 1.5 percent to a rate of […]