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Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meeting
Read full article: Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meetingU.S. stock indexes drifted through mixed trading ahead of a meeting by the Federal Reserve later this week that could set Wall Street’s direction into next year.
The White House is cracking down on overdraft fees
Read full article: The White House is cracking down on overdraft feesThe Consumer Financial Protection Bureau said Thursday it's capping overdraft fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration.
How to protect yourself from scammers offering fake jobs
Read full article: How to protect yourself from scammers offering fake jobsIn the last year, job scams have been on the rise, according to the Identity Theft Resource Center, a nonprofit that helps consumers with identity compromises and crime.
What to know about this year's Social Security cost-of-living adjustment
Read full article: What to know about this year's Social Security cost-of-living adjustmentTens of millions of older Americans will see a 2.5% increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
Oracle settles suit over tracking your data. How to file a claim
Read full article: Oracle settles suit over tracking your data. How to file a claimIn a $115 million settlement, while admitting no wrongdoing, tech behemoth Oracle has agreed to settle a class action lawsuit over allegations it tracked consumer activity both on and offline.
The deadline to consolidate some student loans to receive forgiveness is here. Here's what to know
Read full article: The deadline to consolidate some student loans to receive forgiveness is here. Here's what to knowBorrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation.
Internet providers must now be more transparent about fees, pricing, FCC says
Read full article: Internet providers must now be more transparent about fees, pricing, FCC saysInternet service providers will be required to be more transparent about the cost and performance of their internet service packages, thanks to new FCC rules that take effect this week.
The IRS launches Direct File, a pilot program for free online tax filing available in 12 states
Read full article: The IRS launches Direct File, a pilot program for free online tax filing available in 12 statesAfter weeks of testing, an electronic system for filing returns directly to the IRS is now available for taxpayers from 12 selected states.
What to do if you’re concerned you might be laid off — or if you’ve lost your job
Read full article: What to do if you’re concerned you might be laid off — or if you’ve lost your jobRecent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security.
What to know about the Social Security cost-of-living adjustment
Read full article: What to know about the Social Security cost-of-living adjustmentTens of millions of older Americans will see a modest increase in benefits in January when a new cost-of-living adjustment is added to Social Security payments.
Stock market today: Asian shares mixed as Japan reports weaker than expected trade data
Read full article: Stock market today: Asian shares mixed as Japan reports weaker than expected trade dataAsian shares are mixed after Japan reported weaker than expected trade data for June, with imports falling nearly 13% from a year earlier.
Amazon's Bezos tops list of richest charitable gifts in 2020
Read full article: Amazon's Bezos tops list of richest charitable gifts in 2020– The world's richest person made the single-largest charitable contribution in 2020, according to The Chronicle of Philanthropy's annual list of top donations, a $10 billion gift that is intended to help fight climate change. Amazon's founder and CEO, Jeff Bezos, whose “real-time” worth Forbes magazine estimates at roughly $188 billion, used the contribution to launch his Bezos Earth Fund. According to the left-leaning Americans for Tax Fairness and the Institute for Policy Studies, from March 18 through Dec. 7, 2020, Bezos' wealth surged by 63%, from $113 billion to $184 billion. Bezos and the Zuckerbergs made up the next spots on last year's top 10 list, with $100 million donations — Bezos for Feeding America to aid food banks across the country and the Zuckerbergs to the same election security group. In February, the Chronicle will publish its list of the 50 biggest donors, which counts cumulative donations, not individual gifts.
Online stock trading is free now
Read full article: Online stock trading is free nowIn the span of just a few days last week, nearly every major online brokerage company eliminated commissions. StockTwits, a social networking firm for traders, launched its own no-fee online brokerage offering too. So as part of its Trade App online brokerage, users can post or "tradecast" their history of trades. Unlike its free stock trading platform, TradeStation will charge small commissions to trade bitcoin, ethereum, ripple/XRP and several other cryptocurrencies. Webull, another commission-free online trading platform, makes money from lending products, such as margin loans to customers who want to borrow money to buy more stocks, according to CEO Anthony Denier.
Charles Schwab, TD Ameritrade drop commissions for stock, ETF trading
Read full article: Charles Schwab, TD Ameritrade drop commissions for stock, ETF tradingCharles Schwab fired the latest shot in the war over fees charged by online brokers, announcing that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. NEW YORK - An all-out price war has hit the brokerage industry as both Charles Schwab and TD Ameritrade have announced they will eliminate commissions for certain securities. Charles Schwab fired Tuesday's first shot in the war over fees charged by online brokers, announcing in the morning that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. Investors will probably expect both discount brokers to counter the moves of Schwab and Interactive Brokers or risk losing market share. It said that as of Oct. 3, its US brokerage firm "will eliminate commissions for its online exchange-listed stock, ETF (domestic and Canadian), and option trades, moving from $6.95 to $0."