finance

While the Federal Reserve is working to stabilize the economy, what does that mean for your wallet? NBC10 Responds reporter Harry Hairston spoke to some finance experts who have tips for you.

The recently passed SECURE Act makes nearly 30 changes to retirement rules. Some of those changes will benefit workers, but there are areas that could negatively impact them and loved ones who inherit IRA and 401(k) accounts. An expert breaks down the provisions.

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. It will cost a middle-income married couple an average of $233,610 to raise a child from birth through age 17, according to 2015 data from the U.S. Department of Agriculture. In fact, your child is costing...

A former executive at a Hollywood digital marketing company has pleaded guilty to federal charges for embezzling $22 million from his employer. Prosecutors say Dennis Blieden of Cincinnati used the money for personal expenses, including $150,000 buy-ins to enter two professional poker tournaments.

As President Trump faces the possibility of impeachments, his son is at the center of a similar situation at a Florida school. The Tampa Bay Times reports that members of the student senate at the University of Florida have begun an impeachment inquiry into the student government president at the school, Michael Murphy. A formal resolution was delivered to Murphy...

A top aide to Democratic presidential candidate Tom Steyer in Iowa privately offered campaign contributions to local politicians in exchange for endorsing his White House bid, according to multiple people with direct knowledge of the conversations. The overtures from Pat Murphy, a former state House speaker who is serving as a top adviser on Steyer’s Iowa campaign, aren’t illegal —...

A small Bucks County, Pennsylvania, community joined the fight against vaping last week after two students were found unconscious in school bathrooms and rushed to local hospitals.

When e-cigarette market leader Juul removed its popular sweet flavors such as mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.” The conversation at Juul’s San Francisco headquarters, though, was far different.

When e-cigarette market leader Juul removed its popular sweet flavors such as mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.” The conversation at Juul’s San Francisco headquarters, though, was far different.

The Quakertown School District has filed a lawsuit against E-cigarette companies after two of their students became sick. NBC10’s Steven Fisher has the details.

The Supreme Court is stepping into a yearslong, politically charged fight over the federal consumer finance watchdog agency that was created in the wake of the 2008 financial crisis. The justices agreed Friday to review an appeals court decision that upheld the structure of the Consumer Financial Protection Bureau. The agency has long been a target of conservative Republicans. The...

Former U.S. Defense Secretary James Mattis is laughing off an insult hurled at him by President Donald Trump. Speaking at a New York charity event Thursday the day after Trump demeaned him as “the world’s most overrated general,” Mattis joked that he took it as a compliment. “I’m not just an overrated general. I’m the greatest, the world’s most overrated,”...

As Rudy Giuliani was pushing Ukrainian officials last spring to investigate one of Donald Trump’s main political rivals, a group of individuals with ties to the president and his personal lawyer were also active in the former Soviet republic. Their aims were profit, not politics. This circle of businessmen and Republican donors touted connections to Giuliani and Trump while trying...

A senior minister who quit British Prime Minister Boris Johnson’s Cabinet said Sunday that the government is making little or no effort to secure a Brexit agreement with the European Union, despite Johnson’s insistence that he wants a deal. Amber Rudd said “there is no evidence of a deal. There are no formal negotiations taking place.” “What we know is...

The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing...

A judge says actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, can continue using a law firm that recently represented the University of Southern California — an alleged victim in the case. The couple appeared in Boston federal court Tuesday to settle a dispute over their choice of lawyers in a sweeping college admissions bribery case.

Robert De Niro’s company, Canal Productions, filed a lawsuit Saturday against a former employee asking for $6 million for allegedly “breaching her fiduciary duties.” The employee allegedly charged hundreds of thousands of dollars of personal expenses on the company card, transferred millions of company frequent flyer miles to her own account and spent hours of work time binge-watching Netflix, among...

Having kids is the joy of a lifetime for parents, but they come with a high cost. During the summer, bills pile up, as the kids want to stay busy at the pool or camp and eat-up at the ice cream truck. Yet it is never too early to make your kids aware of financial responsibility, whether it be savings...

China stabilized its currency Tuesday, suggesting it might hold off from aggressively letting the yuan weaken as a way to respond to U.S. President Donald Trump’s tariffs, in a trade war that is wounding the world economy. The yuan declined to 7.0562 to the dollar before strengthening back to 7.0297 in the afternoon. That came a day after Beijing sent...

U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most...