Expert says people should consider finances and lifestyle when deciding to rent or buy a home
Columbia resident Angela Keller is hopeful her family can buy a home soon, but for now, they just renewed their lease at their rental.
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Financial adviser shares advice for getting the most out of a 401(k)
Many employers offer a traditional 401(k) and a Roth 401(k) option, but how does someone know which one to choose?
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QUESTION OF THE DAY: Do you have retirement savings?
It seems like an easy question but it might not be.
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More than 5,600 Boone County seniors apply for tax exemption, deadline is Oct. 1
COLUMBIA, Mo. (KMIZ) With two weeks left to apply, more than 5,600 Boone County seniors have asked for a property tax break, according to a press release from the Boone County Commission. A state law allowing a property tax freeze for seniors went into effect Aug. 28, 2023. The freeze has to be put into effect by
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Financial aid director advises families not to shy away from college payment notifications
Sending a child to college comes with added financial pressure for most families and a couple of experts have advice for families and students beginning the payment process.
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QUESTION OF THE DAY: Has your buying power rebounded from high inflation?
The U.S. Census Bureau released a report Tuesday saying Americans’ inflation-adjusted income had rebounded to pre-pandemic levels.
Continue ReadingInflation milestone: Consumer Price Index slows below 3% for first time since March 2021
By Alicia Wallace, CNN (CNN) — Price hikes slowed more than expected in July, and, for the first time in more than three years, the Consumer Price Index has landed below 3%. That paves the way for the Federal Reserve to cut rates next month after a yearslong battle with inflation that sent rates spiking
Continue ReadingAs Americans trim spending, these cheap steakhouses are booming
By Danielle Wiener-Bronner, CNN New York (CNN) — “God I love Texas Roadhouse,” began one thread on Reddit, with over 1,000 upvotes. “Texas Roadhouse never disappoints,” began another, with over 5,000 votes. A third touted the “incredible value.” If there’s anything Americans love, it’s cheap meat. So business is booming at Texas Roadhouse and LongHorn
Continue ReadingGameStop, AMC shares skyrocket after meme stock trader posts for first time in 3 years
By Krystal Hur, CNN New York (CNN) — The surprise social media return of the trader who helped ignite the meme stock frenzy in 2021 sent GameStop shares skyrocketing Monday. The surge had nothing to do with the troubled company’s fundamentals — and everything to do with a cartoon of a gamer that the trader,
Continue ReadingCredit card late fees capped at $8 as part of Biden crackdown on junk fees
By Matt Egan, CNN New York (CNN) — Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden administration to eliminate junk fees. The Consumer Financial Protection Bureau estimates the new regulation, first proposed in February 2023, will save families more
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RECALL ROUNDUP: Toshiba laptop adapters, gun safes and Hyundai Genesis vehicles recalled
A look at recently recalled products.
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Avoid scams when shopping for Super Bowl merchandise
The Better Business Bureau is warning people to watch out for fakes when shopping for team gear and sports memorabilia around the Super Bowl.
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Americans are pulling back on their spending, but debt remains top of mind
By Alicia Wallace, CNN New York (CNN) — Americans have slowed down some of their spending and expect to pull back a little more, but paying down debt — and still having some fun — remain priorities. The median increase in monthly household spending slowed to 5.01% in December 2023, from 5.5% in August 2023
Continue ReadingTop Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A top Federal Reserve official said Tuesday that he is increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households. The official, Christopher Waller, an influential member
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RECALL ROUNDUP: Regulators recall Ford F-150 trucks and at-home massagers
The Ford Motor Company has recalled over 112,000 F-150 pick-up trucks that could roll away when parked.
Continue ReadingThe Fed holds interest rates steady for third consecutive time
By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve said Wednesday it will hold interest rates steady at a 22-year high for the third consecutive meeting, as US economic growth slows and investors look toward the beginning of rate cuts sometime next year. The Fed has raised rates 11 times since March 2022 to combat high inflation, which
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QUESTION OF THE DAY: Should the minimum wage be higher?
The minimum wage in Missouri will go up on Jan. 1.
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Missouri minimum wage will increase in 2024 with cost of living
Missouri’s minimum wage is increasing by 30 cents in 2024 from $12 to $12.30 per hour — the first time it will be based on inflation instead of a voter-approved amount in five years.
Continue Reading New home sales fell last month as mortgage rates hit 2023 high
By Anna Bahney, CNN Washington, DC (CNN) — New home sales in the United States fell in October as typical mortgage rates reached their highest levels this year. Sales of newly constructed homes fell 5.6% in October to a seasonally adjusted annual rate of 679,000, from a revised rate of 719,000 in September, according to
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RECALL ROUNDUP: Federal regulators recall fruits, children’s pain medication, Hy-Vee turkey gravy and helium tanks
Peaches, plums and nectarines made by HMC Farms have been recalled by the Centers for Disease Control and Prevention due to a listeria outbreak.
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