Mark Edward Atkinson/Getty Images Key takeaways Keep your emergency savings in an account that offers easy access and a competitive interest rate, such as a high-yield savings account. Avoid keeping emergency savings in cash, in…

Key takeaways The Federal Reserve sets interest rates for banks to borrow from each other, which in turn sets interest rates for business loans and lines of credit. The Fed’s rate sets the pace for borrowing costs, making it easier or harder for businesses to get approved for loans. The…

Labor Secretary Lori Chavez-DeRemer insisted the job market is strengthening despite new signs of economic softness, even as unemployment rose to its highest level since 2021. Chavez-DeRemer argued the uptick in unemployment is evidence that “more people are getting off the sidelines, and they’re looking for those jobs,” framing the…

Key takeaways Leasing an electric vehicle (EV) allows you to test out the driving experience without committing to full ownership. A lease will often have a lower monthly payment than an auto loan, and some leasing companies will offer an upfront discount that covers the federal tax rebate. Buying an…

Key takeaways Secured auto loans are the most common financing option for borrowers looking to purchase a vehicle. These types of loans tend to offer larger loan amounts and more competitive interest rates compared to unsecured auto loans. In most cases, a secured auto loan is the right move. A…