MoneyWatch

President Biden’s exit from the presidential race and move to endorse Vice President Kamala Harris as the Democratic party’s candidate has prompted investors and economists to reassess the campaign’s impact on everything from the stock market to the so-called “Trump trade.” So far, U.S. markets are taking Biden’s announcement to leave the campaign in stride, with thebroad-based S&P 500 index …

The best state to retire in the U.S. is also one of the smallest, according to a new ranking. Based on its high marks for affordability, access to high quality health care, overall well-being and other categories, Delaware, known as the “First State,” earned the top spot in Bankrate’s annual ranking of the best states to retire in the U.S. …

Right now, the average American is carrying about $7,950 in credit card debt. And, while this type of high-rate debt is never ideal, it can be even more of an issue in today’s economic environment. After all, credit card rates have been climbing recently, and if your balances aren’t paid off each month, the interest charges can accumulate quickly. That, …

Those who thought gold prices peaked after a slower start to the summer were pleasantly surprised last week when the precious metal surged to its latest record high, hitting $2,472.76 per ounce on July 17. That comes after the yellow metal had broken numerous price records so far in 2024 — and after it started at just $2,063.73 per ounce …

Interest in gold investing has been steadily climbing over the last few years — and investors have had their eyes locked on gold for the last few months in particular. One driver in that equationhas been inflation, which has led investors to seek out safe-haven assets, like gold, to help preserve their wealth. And, gold’s price has been on an …

A certificate of deposit (CD) is typically a smart way to grow and safeguard your money, regardless of the economic climate in which you open it. But, in recent years, these sorts of accounts have seen their benefits surge thanks to inflation and an elevated interest rate climate, causing returns on CDs to grow exponentially. In recent years, savers haven’t …

U.S. auto safety regulators are investigating complaints that some Ram pickup trucks and Jeep Wagoneer SUVs can lose power, shift into park and apply the emergency brake. The probe announced Monday by the National Highway Traffic Safety Administration covers about 150,000 vehicles made by Stellantis from the 2022 model year. All have the company’s 5.7-liter Hemi e-Torque mild hybrid system …

Shippers FedEx and UPS on Friday said the Microsoft outage caused by a software glitch could lead to delayed package deliveries. FedEx acknowledged the interruption in a statement on its website Friday, saying “FedEx has experienced disruptions throughout our networks due to a global IT outage experienced by a third party software vendor.” “Contingency plans have been activated to mitigate …

Gold investing has been top of mind for many investors over the last few years. After all, when inflation and other economic issues are looming, investors tend to turn to safe-haven assetslike gold to protect their wealth and mitigate losses from more volatile assets. But the unique benefits that gold offers in uncertain economic climates haven’t been the only draw …

While inflation has been slowing down recently, years of rising costs and high interest rates have weighed on many Americans. So, if you’re now struggling to pay off high-interest credit card debt, know that you’re not alone. Since the end of 2021, credit card delinquencies have been increasing in the US, with over 10% of credit card balances at least …