In 1845, the HMS Erebus and HMS Terror set sail from England on a mission to chart a passage around the top of North America. Led by Captain Sir John Franklin, the voyage ended in tragedy three years later when both ships were lost in the frigid waters off Canada’s coast. None of the 129 men on board the ships …

BOSTON – Lucy Perez is on a mission. The senior partner at McKinsey & Company, a management consulting firm, will receive a Pinnacle Award in Boston Friday. Each year, the Greater Boston Chamber of Commerce honors select women who impact their communities through leadership, entrepreneurship, management and more. Perez has spent the last year working on an extensive report that …

With inflation cooling, all eyes are on the Fed’s expected rate cuts in 2024. In December 2023, the Consumer Price Index for All Urban Consumersincreased by 3.4% annually, but that’s down considerably from when the inflation rate measured 9.1% in June 2022, according to the Bureau of Labor Statistics. Meanwhile, the Fed has gone from ratcheting up interest rates from …

When it comes to planning for your retirement finances, the focus tends to be on saving and investing — and for good reason. Without enough money put away, it can be tough to cover all of the expenses that arise after you’re done working. And, the type of investing and saving you do can vary depending on your financial goals …

There’s no question that it’s important to save money. After all, there’s no way to predict when the next significant emergency expense might arise. And, when it does pop up, your savings will become your financial safety net. Moreover, even foreseeable expenses aren’t always affordable. For example, you may need to save for years to make a down payment on …

It’s no secret that most people prefer to stay in their own homes as long as possibleas they age. Of course, there’s a place for assisted living communities and nursing homes in society, but if you’re like most, you may be planning to try and avoid them. Then again, aging in place can come with a hefty price tag. The …

Some of the classrooms at Taft Elementary in Santa Clara, California, have one flaw in common: They don’t have windows. That’s true for Logan Earnest’s fifth grade classroom, and he felt it was affecting his students. “Most of the day, 7/8 of the day, they’re inside,” Earnest told CBS News. “And they don’t really get to see any trees, they …

When planning your financial future in your 40s, one important part of the process is considering the unexpected, as there are any number of unusual expenses that can arise and cause issues with your budget. That’s precisely why you need an emergency fund that has at least three to six months’ worth of living expenses in it. You never know …

There’s no denying the fact that a higher education can open the door to a higher income. According to the United States Social Security Administration, men with a bachelor’s degree earn about $900,000 more over their lifetime than men with a high school diploma, while women with a bachelor’s degree earn an average of $630,000 more than women with a …

If you own your home, your home equity may make it possible to access a significant amount of money when you need it. In fact, the average homeowner has around $206,000 of tappable equity in their homes. Moreover, home equity lending options typically offer competitive interest rates since they’re backed by your home. But home equity loan rates fluctuate in …