Amazon is planning to cut nearly 10% of its corporate workforce beginning Tuesday as part of an internal restructuring, Reuters reported, citing three sources. The…
Key takeaways A bump-up CD allows you to increase your interest rate one or more times during the CD’s term if rates rise, typically on 2-3 year terms. Bump-up CDs typically start with APYs that…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways An adjustable-rate mortgage (ARM) is a mortgage whose interest rate resets at periodic intervals. ARMs have low fixed interest rates at their onset, but often become more costly after the rate starts fluctuating. ARMs tend to work best for those who…
Most of us have lent money to a friend or family member or paid a group bill with the expectation of being paid back. Unfortunately, these situations don’t always go smoothly and often result in lost money or hurt feelings — sometimes both. About seven in 10 U.S. adults (70…
As millions of Americans head home for the holidays, Bankrate’s latest survey finds that there’s one dinner topic that will likely generate more heartburn than the typical conversation taboos about politics or religion: it’s money. The national opinion poll found that about 3 in 5 U.S. adults (61 percent) said…
The Federal Reserve is set to announce its next interest rate decision on Wednesday and the monetary policy meeting comes as the economy is facing a weakening labor market as well as elevated inflation. Fed policymakers are widely expected to cut the benchmark federal funds rate by 25-basis-points, lowering the target…
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Millions of Americans who rely on federal food assistance could face benefit delays if Congress does not break its budget stalemate. The U.S. Department of Agriculture (USDA) sent a letter on Oct. 10 to all…
