Category: random

5 stunning stats about Gap Gap is stretching into athleisure for men. Hill City, a line of men’s athletic wear to go along with the company’s Athleta brand for women, will go on sale in October. The line consists of lightweight stretch pants, puffer jackets and premium shorts meant to be worn from “working out…

First it was HSBC. Then ING. Now Danske Bank. European banks are still uncovering money laundering on a vast scale. Danske Bank (DNKEY), Denmark’s largest bank, admitted Wednesday that an internal investigation had uncovered a large number of suspicious accounts and transactions at its branch in Estonia. The bank said the branch handled about €200…

Istockphoto A sunny summer afternoon in suburban America — but is winter coming for the housing market? Rates for home loans jumped in step with yields in the bond market even as fresh reminders of familiar headwinds stalked the housing market. The 30-year fixed-rate mortgage averaged 4.65% in the Sept. 20 week, according to Freddie…

El-Erian: Investors recognize trade fears are short-term What trade war? The Dow just soared to its first record high since late January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China. The S&P 500 also notched an all-time high on Thursday. The Dow has…

A new car, dinner at a five-star restaurant, a luxury handbag — these types of purchases aren’t as frivolous as they might seem. Buying designer items and taking extravagant vacations are often criticized for providing only fleeting happiness. But a new study to be published in the October issue of the Journal of Consumer Psychology…

On the path to financial independence, or “FI”, it’s easy to become excessively focused on money. We stress about our investments, our retirement accounts and optimizing spending. We are chasing that finish line at the end of the tedious race of the 9-to-5 and it’s no surprise why. The corporate culture has become toxic in…

Sam Dogen, a San Francisco-based blogger at the Financial Samurai, retired in 2012 when he was 34. Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Dogen said he suffered an identity crisis after giving up his title as executive director at an…

Married men sit on the top of the wage ladder. The wages of married men far surpass those of all of those groups. They exceed $80,000 per year by their peak earning years, while all the other groups barely graze $50,000 per year, according to data from the University of Minnesota and IPUMS-USA, a database…

Social Security’s closely watched cost-of-living adjustment may try to align with inflation, but it’s out of step with what retirees are spending. The official adjustment, known as COLA, will be announced next month, but the Senior Citizens League, a nonpartisan advocacy group for retirees, said it expects a 2.8% increase for 2019. The organization analyzed…

Many of us toss and turn the night before an important event. But a Bankrate survey found that’s not all that’s keeping us up at night. Thirty-six percent of people overall said they’re not getting enough sleep because they’re worried about their finances. But money worries hit “older millennials” (ages 28-37) the hardest. Forty-three percent admit to…