Absent new stimulus, wealthy pay off credit cards, while others dive deeper into debt
Credit cards reveal yet another example of the “K-shaped recovery” wherein high earners are recuperating, or even increasing their wealth during the economic downturn, and lower income earners are flailing.
Democrats call for student loan forgiveness but GOP wary
CrossFit coach Amanda Deller has something weighing her down: a $600 per month payment on her student loan. She hopes that Washington will help her and other borrowers.
New Yorkers urged to shop local this holiday season
There is a big push this year to shop small and local as small businesses are looking to get all the help they can during the holiday shopping season.
Unemployment claims rise to 778,000 as COVID-19 pandemic worsens
The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.
5 times to contact your car insurance agency
Not sure when to call your insurer? This guide can help.
Here’s why drivers should get comprehensive car insurance
Comprehensive auto insurance can be a good idea for drivers, if drivers understand how this insurance works.
![Raw honey business [Black Entrepreneurs]](https://images.foxtv.com/static.fox5ny.com/www.fox5ny.com/content/uploads/2020/11/284/160/D5AE3A672EEC47648E1F08E3196B697B.jpg?ve=1&tl=1)
Raw honey business [Black Entrepreneurs]
Kam and Summer Johnson run their beekeeping and honey business from their home in a bucolic neighborhood in Hunterdon County, New Jersey. They named their Zach and Zoe Sweet Bee Farm after their children.
RadioShack gets another shot, this time with e-commerce
RadioShack has been pulled from the brink of death, again. Entrepreneur investors Alex Mehr and Tai Lopez scooped up the brand this year and plan to make RadioShack competitive again — this time online.
OxyContin maker Purdue Pharma pleads guilty to 3 charges in criminal case
OxyContin maker Purdue Pharma has pleaded guilty to criminal charges and formally admitted its role in the opioid crisis.
Dow crests 30,000 points on vaccine hopes, Biden transition
The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
Economists urge Congress to send out second round of $1,200 stimulus checks
A group of more than 125 economists is calling on Congress to send out more direct cash payments to American families to help them weather the coronavirus pandemic and subsequent economic downturn.
New York gift shops struggle without tourists
The coronavirus has altered many aspects of life and business in the United States' biggest city, and the pandemic is taking a major toll on the gifts-and-luggage stores that dot tourist-friendly areas.
5 student loan refinancing mistakes to avoid
Refinancing a student loan can help curb payments – if you avoid these unforced errors.
Guitar Center files for Chapter 11 bankruptcy amid ongoing COVID-19 pandemic
Guitar Center has filed for Chapter 11 bankruptcy, citing financial hardships due to the ongoing COVID-19 pandemic.
Business owners upbeat about vaccine, wary as virus spreads
Promising news about a coronavirus vaccine has business owners feeling more upbeat despite cases the virus's continuing spread in many parts of the U.S.
Retailers brace as virus bears down on consumers and economy
The acceleration of coronavirus cases is causing a crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears.
Panic buying of toilet paper hits US stores again
Toilet paper is going scarce again as pandemic-weary shoppers scramble for essentials once again.
Attorney: My Pillow founder Mike Lindell paid part of bail for teen charged in Kenosha shooting
Kyle Rittenhouse, the teenage suspected shooter accused of killing two people and wounding a third during riots in Kenosha, Wis., was released from jail Friday on $2 million bail, authorities told Fox News.
Average FICO credit scores hit record highs — 5 things you should do
Improving your credit score starts with developing good financial habits.
Do you need homeowners insurance?
There is no law requiring you to buy homeowner’s insurance. However, to qualify for a mortgage, your lender will likely require it. To protect your assets in case of a burglary, natural disaster, fire, and to ensure you can pay for a visitor’s medical expenses in case of an accident, you need homeowner’s insurance.