Happy Wednesday, MarketWatchers! Here are the top personal finance stories of the day.
Personal Finance
Half of Americans with this credit card regretted getting one
Some 88% of households with an annual income of $100,000 have had one of these cards.
Wealthy women give away their money and time more than rich men
High-net-worth households gave an average of $29,269 to charity in 2017.
Citi prepares to relaunch its top credit card with focus on dining and travel rewards
Competition among premier rewards credit cards is heating up.
It’s time to start worrying about graduate-student debt
A new report from the Brookings Institution shows that some graduate students are struggling to repay their debt.
Does Halloween really have a ‘black magic’ effect on the stock market?
Some studies suggest this is the best time of year to put your money into the stock market.
3 ways to buy happiness (yes, really)
Rather than feel sore about losing the Mega Millions lottery jackpot, put the money you do have to good use.
Here are the best new ideas in money
In this series we explore the next phase of money’s evolution, profiling 12 ideas with the potential to rethink money, upgrade its operating system and unlock exciting new possibilities.
10 things NOT to do if you win a billion dollars
Some friendly advice for the newly-minted billionaire who won the $1.537 billion Mega Millions jackpot.
There’s a 1 in 3 chance you’re losing money on your credit card
New research suggests many people stick with their card, even when they pay more on fees and interest than they get in rewards.
Purdue Pharma execs knew about opioid addiction risks ‘long before’ publicly admitting them, court papers claim
Lawyers for New York State counties say the company pushed OxyContin to market anyway.
Elsewhere on MarketWatch
Wife of Supreme Court justice spreads fake news about the migrant caravan
News travels fast, but fake news travels even fast, especially when there’s a political agenda attached to it. One glaring example took place over the weekend, when somebody posted a photo of an injured officer from 2012 and claimed it was from the migrant caravan.
George Soros’s son: Under Trump, ‘a genie was let out of the bottle, which may take generations to put back in’
Soros’s son, Alexander Soros, was moved to write an op-ed for the New York Times in which he decried the climate of “political demonization” and pointed his finger for “the hate that is consuming us” directly at President Trump.
Donald Trump is such a crybaby about interest rates and the economy
It’s just not fair. Obama has an economy that’s in the crapper, and he gets low interest rates. But Trump has the greatest economy ever, the best jobs numbers you ever saw, and what’s his reward? Boom! Higher interest rates!
Fed’s Beige Book says wages, prices growing at ‘modest to moderate’ rates
The Fed’s latest Beige Book survey, released Wednesday, said wages and prices were growing at “modest to moderate” rates through mid-October.
Secret Service intercepts suspicious packages addressed to Clinton, Obama
Suspicious packages addressed to Barack Obama and Hillary Clinton were intercepted by the U.S. Secret Service, the agency said Wednesday, as a CNN bureau and two Democratic lawmakers’ offices were evacuated following separate threats.
How Trump could conceive of a ‘revenue-neutral’ way of cutting middle-class taxes by 10%
President Donald Trump layered on another promise to his newfound insistence that he’s working with Congressional leaders on a 10% middle-income tax cut — that it wouldn’t raise the deficit.
‘Dear Mr. President, I sense you are unsatisfied’ — imagining Powell’s response to Trump
What would Jerome Powell want to tell President Trump in a letter? Sal Guatieri, senior economist at BMO Capital Markets, penned what the Fed chairman might say.
The history of presidential Fed-bashing suggests it has not been a fruitful strategy
There is no evidence that a public rebuke of the Fed by a president has ever worked in getting the central bank to change course.
More than one-third of homeowners are paying for renovations with credit cards
A new study shows that the share of American homeowners paying for home improvement projects and products with credit cards has risen each year since 2011, and now tops 36%.
New-home sales plunge to a near two-year low as housing picture deteriorates
The housing market is clearly taking a turn for the worse, as sales of newly-constructed homes fell off a cliff in September.
Millennials have more money than you think — so expect ESG funds in your 401(k)
You’ll soon be hearing even more about environmental, social and governance (ESG) funds, socially responsible investing (SRI) and impact investments.
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Source : MTV
