Why people are leaving California and the savings-account hack that will give you 20x what you’re earning now


Happy Thursday, MarketWatchers! Here are the top personal finance stories of the day.

Personal Finance
People are leaving California in droves—and this is where they are going

Californian emigrants aren’t necessarily landing in cheaper housing markets.

How this one monthly cost might be skewing inflation data

Researchers have suggested an important change in how we evaluate consumer prices

A government student-loan website may soon treat private loan companies more favorably

Right now, the site instructs borrowers to consider federal loans first

This savings-account hack will give you almost 20 times what you’re earning now

The average savings account pays a miserly 0.09% a year — here’s how you can get up to 1.7%.

Here’s how to understand your financial adviser’s conflicts of interest (even with a fee-only service)

Conflicts go beyond paying commissions or a percentage of assets under management, so invest with your eyes wide open.

Passengers say they love these 10 U.S. airlines the most

Airlines have record-high customer satisfaction in 2018.

Cheaper bacon? Pricier smartphones? How a trade war with China could hit your wallet

The U.S. plans to impose billions of dollars of tariffs on Chinese imports.

Trump’s steel and aluminum tariffs may increase costs for home buyers and renters

This is how much Trump’s protectionist trade policy will add to the price of new homes.

Why divorce is bad for your health (like, really bad)

Divorcees are more likely to have a range of chronic health conditions than married people.

These common grocery-shopping mistakes could cost you $525 a year

The secrets to saving money at the grocery store without having to clip coupons.

Elsewhere on MarketWatch
Fed’s Mester says market unease over Italy, flattening yield curve hasn’t made her more cautious

Cleveland Fed President Loretta Mester, in an interview, said she didn’t think the market uncertainty over Italy and a flattening yield curve justified a more cautious approach from the U.S. central bank.

Job creation probably sizzled in May — but not wages

The number of jobs created in May is likely to top 200,000 for the first time in three months and keep the Federal Reserve on course to lift interest rates soon, but the latest snapshot on the U.S. labor market probably won’t contain any alarming news on inflation.

Here’s what is behind Trump’s pardons

President Donald Trump has pardoned only five people to date, but analysts say he’s off to a start that suggests score-settling and a desire to stoke his political base.

Mortgage rates retreat after wild ride, offering buyers a break

Some small relief was in sight for home buyers as mortgage rates eased from the 7-year high they touched earlier in May.

This is Blagojevich’s argument for why Trump should let him out of jail

Just three days ago, former Illinois Gov. Rod Blagojevich wrote an op-ed complaining that the Justice Department and the Federal Bureau of Investigation are abusing their power to criminalize politics.

Fed’s Brainard backs lifting interest rates to ‘modestly’ restrictive level

Fed Governor Lael Brainard said she sees interest rates becoming modestly restrictive ahead.

The Fed’s verbal gymnastics include loads of back flips

The Federal Reserve has a hard time communicating with the public, especially when theory and reality diverge, writes Caroline Baum.

Consumer spending surges for second straight month — inflation, not so much

Spending on consumer goods in April rose sharply for the second straight month, pointing to a pickup in the U.S. economy in the spring. Consumer spending jumped 0.6% in April.

Hurricane season bears down — with 7 million homes at risk and a flood insurance program set to expire

Real-estate data provider CoreLogic releases its estimates for hurricane-related property damages and a reminder that the public-sector flood insurance program — the only option for many Americans — is set to expire mid-summer.

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Source : MTV