According to the most recent air travel consumer report from the Department of Transportation, US airlines mishandled 0.55% of bags checked in April, compared to 0.33% during the same time period last year. Paul Ellis/AFP via Getty Images Insider spoke with two employees in the baggage departments at the Toronto and Vancouver airports. They shared…
A SEP IRA is a great retirement savings plan for self-employed people and small businesses with few employees. PeopleImages/Getty Images A Simplified Employee Pension (SEP) IRA is a retirement plan that business owners and self-employed persons can establish. Employers can contribute 25% of an employee’s annual compensation to a SEP IRA, or $61,000 for 2022,…
White House press secretary Karine Jean-Pierre answers questions during the daily briefing at the White House June 13, 2022 in Washington, DC. Win McNamee/Getty Images White House Press Sec. Karine Jean-Pierre said student-loan forgiveness is “clearly important” to Biden. But she added she does not have a timeline for when it might happen. Prior reports…
Mortgage applications have tumbled as interest rates have risen. SAUL LOEB/Getty Images Mortgage applications and refinancing volume sank to 22-year lows, the Mortgage Bankers Association said. The MBA cited the weakening economic outlook, high inflation, and ongoing affordability issues. It’s a rough year for the housing market, with 30-year fixed mortgage rates nearly doubling since…
Dan Cox, GOP candidate for governor in Maryland. Brian Witte/Associated Press Dan Cox won the GOP primary for Governor in Maryland July 19. Cox has openly denied the results of the 2020 election, winning Trump’s endorsement. The Democratic Governor’s Association spent over $1 million on TV ads that likely boosted Cox’s name recognition for Republicans…
A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022. Michael Nagle/Xinhua via Getty A reset in 2022 earnings expectations could spark a Fed pivot by September, JPMorgan said.The bank said such a pivot would likely lure investors into buying stocks and taking on more…
Dova Winegeart, at right, was photographed outside the window she’s accused of striking with a stick. US attorney’s office in Washington, DC An Oklahoma bakery owner was arrested on charges she swung a wooden pole into a Capitol window. Dova Winegeart’s friends tipped off the FBI with photographs of her at the Capitol on January…
While big banks and asset managers build teams around ESG investing and appeal to investors’ preferences, regulators are scrutinizing the industry. Samantha Lee/Insider While firms continue investing in ESG strategies, critics have taken some wind out of the sails. Regulators are cracking down on greenwashing and the market downturn has hit ESG funds. Insider is…
An investor’s long-term goals, need for cash, and tolerance for risk all play a part in deciding between bonds or CDs. PeopleImages/Getty Images Bonds and CDs (certificates of deposit) are both fixed-interest investments, popular with investors seeking a low-risk income stream. CDs are federally insured and tend to come with relatively short maturity dates. Bonds often…
Joyce Byers (Winona Ryder) and Hopper (David Harbour) in “Stranger Things.” Netflix “Stranger Things” season four could have had “a couple extra episodes,” Netflix co-CEO Ted Sarandos said. But the season experienced production delays during the pandemic. “It was more financially impacted than a lot of our other projects were,” Sarandos said. “Stranger Things” is…