Pulling money out of a trust can feel straightforward, but the tax consequences are often anything but. Depending on how the trust is set up…
Image: Getty Images; Illustration: Bankrate Slight gains for home equity rates in the latest week. The $30,000 home equity line of credit rose one basis point to 7.32%, according to Bankrate’s national survey of lenders.…
Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier. The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large…
Washington skeptics were quieted Wednesday morning as the January jobs report beat expectations, revealing a resilient American workforce that added 130,000 jobs to start the year. While experts predicted a winter chill for hiring, the 4.3% unemployment rate tells a different story — one of a Main Street economy —…
Kraft Heinz is pumping the brakes on plans to break up the company, with its new CEO saying the food giant’s challenges are “fixable and within our control” as it shifts focus toward reigniting profitable growth through a $600 million investment push. In a note in the company’s routine fourth…
This story on the January jobs report is developing and will be updated with more details. The U.S. economy posted solid job growth in January as employers hired at a steady pace to start 2026 as the Federal Reserve evaluates the need for rate cuts in the months ahead.What does…
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Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.11% from…
