Five payments companies led by eBay, Mastercard and Visa have abruptly dropped out of Facebook's project to create a new digital currency, Libra, dealing a major blow to the social network's plan.

In April 2019, Juana Velosa was excited for her upcoming work assignment in Africa. Before leaving, she made sure to pay all of here bills. Or so she thought. She came home to find her credit had been ruined.

The virtual card automatically protects people from being charged at the end of a free trial period.

The ‘Volfefe Index’, named after Trump’s mysterious ‘covfefe’ tweet, suggests that the president’s tweets have a statistically significant impact on Treasury yields.

Millennials are already in debt and without savings. After the next downturn, they’ll be in even bigger trouble.

The U.S. housing finance system is worse off today than it was on the cusp of the 2008 financial crisis, Republican lawmakers and Trump administration officials warned on Tuesday. Fannie Mae and Freddie Mac, the two government-controlled enterprises that stand behind half the country's mortgages, are way too undercapitalized, and lending standards have actually deteriorated since the housing crash, the officials said.

Banks are attempting to shield themselves from climate change at taxpayers’ expense, by shifting riskier mortgages — such as those in coastal areas — off their books and over to the federal government, new research suggests. The findings, presented in a paper to be released Monday, represent “a potential threat to the stability of financial institutions,” according to the authors. They warn that the threat will grow as global warming leads to more frequent and more severe disasters, forcing more loans to go into default as homeowners cannot or would not make mortgage payments.

Anand Giridharadas is an author and professor whose book “Winners Take All” is a scathing critique of the way elites treat philanthropy. Bill Gates called him a communist.

I started at McDonald’s when I was 17 years old in the hopes of saving up and buying a car. Sadly, this was just about my only significant financial goal for the next 10 years of my life. I did what most young men seem to do today, live life by the minute. I watched tons of shows and put thousands of hours into video games. I worked as little as possible. In my entire 10 years at this company, I had a surprising amount of opportunity for advancement. I met my best friend here, we started the same week and forged our friendship on the heat of the grease traps, side by side. The difference was, he actually had a little bit of ambition.

An intuitive understanding of finance is an indispensable part of any leader’s toolkit. Knowing how to create and measure value can not only lead to smarter decision-making in the workplace, but professional advancement and improved communication with stakeholders. If you’re aiming to be more financially minded in your role and help your company thrive, here are the skills you need to develop, no matter your industry.

Customers dazzled by too-good-to-be-true cable and internet deals could soon get a break. Legislation introduced this month by U.S. Representative Anna Eshoo, a Democrat from California, and Senator Ed Markey, a Democrat from Massachusetts, would require phone, cable and internet providers to include all charges in advertised prices.

These 25 inspirational quotes will motivate you to get out of debt fast. We live in a debt-ridden society and a majority are caught in the debt trap...

J.P. Morgan Chase CEO Jamie Dimon said that the U.S. economy has essentially been split into those benefiting from thriving corporations and those who are left behind. “I don’t want to be a tone deaf CEO; while the company is doing fine, it is absolutely obvious that a big chunk of [people] have been left behind,” Dimon said. “Forty percent of Americans make less than $15 an hour. Forty percent of Americans can’t afford a $400 bill, whether it’s medical or fixing their car. Fifteen percent of Americans make minimum wages, 70,000 die from opioids” annually.

At Apple’s “show time” services event today, it announced a new Apple Card credit card, promising to improve things about the credit card experience with simpler applications, no fees, lowering interest rates, and offering better rewards.

A miserable annual ritual survives because of corporate lobbying and Republicans’ long anti-tax crusade.

What was the period in American history when the nation went the longest without a single bank failure? It was from 2004 to 2007. For 32 consecutive months in that period, not a single one of the over 7,000 banks in America failed. This ought to have set off alarm bells on the growing imbalances and problematic practices endemic in the American banking system. Instead, it was met with applause by the financial regulators charged with protecting the safety and soundness of a system that was veering toward collapse.

Three families of dynastic wealth — that’s the Walton, Koch and Mars families — have seen their wealth increase close to 6,000% since 1982, according to the Billionaire Bonanza report by the progressive think tank Institute for Policy Studies. Their combined wealth – a staggering $348.7 billion as of October 2018 – is more than the combined wealth of 4 million American families of median wealth.

They say that 30 is the new 20 — and from a financial standpoint, it certainly looks that way. It used to be common to work your way through college and graduate at 22, debt-free, and immediately start saving for a down payment on your home. It's virtually impossible to do that now, since the cost of tuition has increased nearly 8x faster than wages have over the past 30 years.

First American Financial is the latest huge corporation being cavalier with your data. Its website has been serving up title documents to anyone who can count.

Teaching students how to manage their money has become mandatory in many K-12 classrooms. But can it substitute for real enforcement of financial fraud? By Rachel M. Cohen.