Financial

  • How to Build Credit Without Credit Cards US News - 4 hours ago

    It's conventional wisdom that using credit cards responsibly is the fastest and best way to build credit. It's also conventional wisdom that using credit cards can be the fastest, best way to destroy credit. In fact, recent evidence suggests that millennials are bucking the conventional wisdom.

  • Average US rate on 30-year mortgage rises to 3.89 percent Associated Press - 6 hours ago
    Average US rate on 30-year mortgage rises to 3.89 percent

    Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over Federal Reserve ...

  • How to make $40,000 credit card debt disappear Bankrate.com - 11 hours ago

    Credit Cards Bankrate.com surveys experts in the mortgage field to see if they believe mortgage rates will rise, fall or remain relatively unchanged. The panel is comprised of mortgage bankers, mortgage ...

  • Wobbly euro economy may get bigger push AAP - 22 hours ago

    Could be soon, in Europe's shaky economy. Analysts are already talking about when and how the European Central Bank might extend its 1.1 trillion euros ($A1.77 trillion) stimulus program that has been running for the past six months in an attempt to boost the modest recovery in the 19 countries that use the euro. The stimulus program is slated to run until September 2016, in monthly purchases of 60 billion euros of government and corporate bonds.

  • 3 Tips on How to Trade Stocks Without Spending a Penny Entrepreneur - 23 hours ago
    3 Tips on How to Trade Stocks Without Spending a Penny

    Practice accounts and free resources are your BFFs when you're just starting out.

  • Argentina's central bank orders HSBC to name new president Associated Press - Thu, Sep 3, 2015 8:29 AM NZST

    Argentina's central bank has ordered HSBC's local unit to name a new president and vice president for failing to prevent money laundering and tax evasion. The bank denies any wrongdoing. Argentina's tax ...

  • US bank earnings rose 7.3 percent in April-June quarter Associated Press - Thu, Sep 3, 2015 7:10 AM NZST
    US bank earnings rose 7.3 percent in April-June quarter

    U.S. banks' earnings jumped 7.3 percent in the April-June period from a year earlier as revenues increased and the volume of soured loans banks had to write off fell to the lowest level since before the ...

  • The Pros and Cons of a Secured Credit Card US News - Thu, Sep 3, 2015 3:33 AM NZST

    Liana Moran's secured credit card story is becoming more common. After graduating from Georgia Southern University in May of 2014, she landed a paid internship and decided it was time to get a credit card. For starters, the apartment she wanted to rent required a credit check before she could sign a lease.

  • A guide to managing money from your 20s to your 70s MarketWatch - Wed, Sep 2, 2015 10:00 PM NZST

    Money can be an intimidating topic, and every life stage brings a new group of complicated decisions to tackle.

  • Future Fund returns may slow: Costello AAP - Wed, Sep 2, 2015 12:32 PM NZST

    Future Fund chair Peter Costello says returns won't be as strong as recent years as global central banks move to unwind low interest rates settings. "Prudent, patient investing has been key to navigating markets since the fund was created in 2006," Mr Costello, the former Liberal treasurer who was architect of the fund, said on Wednesday. "It seems likely that generally returns in the future will be lower than in recent years," Mr Costello said.

  • Are millennials smiling all the way to the poorhouse? Bankrate.com - Tue, Sep 1, 2015 10:00 PM NZST

    Kristen Heinzinger's future brightened as soon as she moved into her parents' basement. Millennials are persistently optimistic about the state of their personal finances, especially compared with older age groups. Millennials like Heinzinger have undoubtedly entered adulthood with sizable financial hurdles.

  • Gunns liquidators give assurances AAP - Tue, Sep 1, 2015 7:56 PM NZST

    The administrators of Tasmania's failed Gunns forestry company have promised to go easy on local businesses as they work to collect more than $2 billion owed to creditors. There are fears that contractors will be pursued to recoup funds and Tasmanian Resources Minister Paul Harriss said liquidators PPB Advisory have explained there are obligations to ASIC and the courts to ensure creditors are treated fairly. "They will have regard to the financial circumstances of Tasmanian businesses including contractors and the need to avoid further insolvencies," he said.

  • Rates set to stay on hold AAP - Tue, Sep 1, 2015 6:29 PM NZST
    Rates set to stay on hold

    The Reserve Bank appears unmoved by the recent routs on global share markets and is likely to keep the cash rate unchanged for some time. Governor Glenn Stevens noted recent market volatility, but also said the US economy is strengthening, and the US Federal Open Market Committee (FOMC) would soon raise its interest rate for the first time in over nine years. Westpac chief economist Bill Evans expects the RBA to keep rates on hold well into 2016.

  • Online retail sales sink in July AAP - Tue, Sep 1, 2015 3:55 PM NZST

    NAB chief economist Alan Oster said Treasurer Joe Hockey's $20,000 instant asset write-offs for small businesses, announced in the May budget, could have contributed to the June surge. Despite the month's slowdown, online sales rose 6.2 per cent to $17.4 billion in the year to July. Online sales now make up around seven per cent of traditional retail spending.

  • RBA unlikely to change interest rate AAP - Tue, Sep 1, 2015 11:59 AM NZST

    The Reserve Bank is expected to look through recent market turmoil and keep the cash rate unchanged for the foreseeable future. All 16 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its September meeting on Tuesday, and only three expect another cut before the middle of next year. The central bank cut its interest rate by a quarter of a percentage point in February and again in May, taking the cash rate to a new record low of two per cent.

  • Merkel: expect Greece to fulfil obligations after election Associated Press - Tue, Sep 1, 2015 2:41 AM NZST
    Merkel: expect Greece to fulfil obligations after election

    German Chancellor Angela Merkel is making clear she expects Greece to continue complying with its obligations to creditors after upcoming elections, and says she doesn't see any possibility of reducing ...

  • Best and worst for drivers: How each state fared Bankrate.com - Mon, Aug 31, 2015 10:00 PM NZST

    When we set out to build a ranking for American drivers, our primary interest was to rate the overall experience for motorists in each state. There are a number of ways to do this, of course. For our ranking, ...

  • You can't avoid mortgage closing costs Bankrate.com - Mon, Aug 31, 2015 10:00 PM NZST

    If you qualify for refinancing, determined partly by the value of your home, you will have some decisions to make. The lender can include the costs in the loan balance or the interest rate or use a combination of both. It's the interest expense often missed by the scheduling of monthly payments.

  • Ouch! My life insurance is going up 1,233% Bankrate.com - Mon, Aug 31, 2015 10:00 PM NZST

    The short answer is "no." You won't be able to convert an existing term life insurance policy to a permanent one with anyone other than your current insurance company or an insurer that acquires the company and all of its policy obligations. An insurance company usually offers an opportunity to convert term insurance coverage to a permanent, cash-value-type policy.

  • RBA expected to hold cash rate AAP - Mon, Aug 31, 2015 9:15 AM NZST
    RBA expected to hold cash rate

    Academics do not expect the Reserve Bank to lower the cash rate despite global market volatility and weak domestic investment figures. The central bank will hold its monthly board meeting on Tuesday and it is widely expected to keep the cash rate at a record low of two per cent, where it has stood since May. Australian National University's Timo Henckel says wild swings on global stock markets have made investors edgy, the economic news coming out of China is not favourable and figures last week showing domestic private investment has plummeted.

  • China’s Next Problem: Paying for Its Stock-Market Bailout The Wall Street Journal - Mon, Aug 31, 2015 4:59 AM NZST

    China’s epic stock-market drops over the past week give the impression that Beijing may have given up on trying to prop up the market or is at least retreating to defend a lower level. The question is, what will the government do with all that stock that it already has bought? Unlike the U.S. bailouts of 2008 and 2009, China is in the unenviable position of having bought near the market’s top, not at the bottom.

  • RBA unlikely to change rate stance AAP - Sat, Aug 29, 2015 12:04 PM NZST
    RBA unlikely to change rate stance

    The Reserve Bank is expected to look through recent market turmoil and keep the cash rate unchanged for the foreseeable future. All 16 economists surveyed by AAP expect the RBA to keep the cash rate unchanged at its September meeting on Tuesday, and only three expect another cut before the middle of next year. The central bank cut its interest rate by a quarter of a percentage point in February and again in May, taking the cash rate to a new record low of two per cent.

  • Adopt normal or 'severe' car maintenance schedule? Bankrate.com - Fri, Aug 28, 2015 10:00 PM NZST

    Which maintenance schedule should I be following? It's great to hear that you are reading your owners manual. It's a terrific source of information, yet it seems very few car owners actually consult it in advance of a problem.

  • How do you research crime in a neighborhood? Bankrate.com - Fri, Aug 28, 2015 10:00 PM NZST

    What is the most accurate way to research crime data in a particular community? Many of the national real estate listing sites are rife with crime stats. For a bigger picture, you can try these other free sites: the FBI-supported Bureau of Justice Statistics, CrimeReports.com and City-Data.com, among others.

  • US average rate on 30-year home loans drops to 3.84 percent Associated Press - Fri, Aug 28, 2015 4:35 AM NZST

    Average U.S. long-term mortgage rates dropped this week to their lowest levels since May. Here's a look at rates for fixed- and adjustable-rate mortgages this week and over the past year:

  • Ukraine reaches debt relief deal with creditors Associated Press - Fri, Aug 28, 2015 2:12 AM NZST
    Ukraine reaches debt relief deal with creditors

    The Ukrainian government said Thursday it has reached a deal with its international bondholders to lighten its public debt burden, a crucial move that will help the country avoid default as it tries to ...

  • Where will mortgage rates head next week? Bankrate.com - Thu, Aug 27, 2015 10:00 PM NZST

    Will rates go up, down or remain unchanged? Intro Up 46% Down 18% Unchanged 36% Panel Prediction Up Down Unchanged 46% 18% 36% This week (Aug. 27-Sept. 2), 46% of the panelists believe mortgage rates will ...

  • Beijing appears to wind down share-buying AAP - Thu, Aug 27, 2015 11:01 AM NZST

    China's leaders are winding down a strategy of trying to push up slumping stock prices by spending billions of dollars to buy shares. After the Chinese market benchmark soared to a peak on June 12 and then reversed course and plunged 30 per cent, Beijing reached back to the era of central planning and intervened directly. State banks lent billions of dollars to a government finance company to support prices.

  • Money Moves to Make Before Age 30 US News - Thu, Aug 27, 2015 2:53 AM NZST

    You might face some serious financial obligations, from rent to student loan debt, while lacking the salary to leave a comfortable cushion each month. Then there's also the pressure to start saving early for retirement, especially if you have a full-time job that comes with 401(k) benefits.

  • How to Handle a Major Financial Disruption US News - Thu, Aug 27, 2015 1:00 AM NZST

    When Eric McClain had a new baby on the way in 2008, he found himself unemployed and in the middle of a home renovation. The unemployment was unexpected, due to a bad fit with a new employer, and it took him about two months to find a new temporary job. "I had to break all the rules: 'Don't take money out of this account.' 'Don't let debt run up,'" says McClain, who is a financial planner.

  • 8 Tips to Make Sure Your Next Apartment Is Legit US News - Thu, Aug 27, 2015 12:50 AM NZST

    What's more, while you're searching for apartments, you also have to be aware that not all listings and landlords are completely legit. While searching online for apartments makes the whole process a lot more convenient, some search sites can also be full of scams. Some sites allow you to check out reviews for the apartments from residents, which makes it a lot easier to feel safe and confident with the apartment you end up choosing.

  • 10 questions to ask when you apply for a mortgage Bankrate.com - Wed, Aug 26, 2015 10:00 PM NZST

    Closing Costs Getting ready to buy a home? Make sure you ask these 10 key questions at mortgage application time. 1. What is the interest rate on this mortgage? Ask for the lender's loan estimate, which ...

  • Market volatility not over yet: Hockey AAP - Wed, Aug 26, 2015 7:50 PM NZST

    The Australian share market may have enjoyed another positive finish, but Treasurer Joe Hockey has warned investors not to get too comfortable. An interest rate cut in China appears to have had a calming influence after massive share selling there over the past few days. "There will be volatility in the markets," Mr Hockey said on the sidelines of a national reform summit in Sydney.

  • China struggles to keep economy on track AAP - Wed, Aug 26, 2015 1:49 PM NZST

    China's slump is shaking the world economy, turning a country long seen as a growth engine into a possible threat. The slowdown started as a side effect of the Communist Party's plan to steer the world's second-largest economy to a "new normal" of lower, steadier growth. "There are pockets of extreme weakness in China's economy but also areas of strength," said Mark Williams, chief Asia economist for Capital Economics in London.

  • Scammers becoming trickier AAP - Wed, Aug 26, 2015 10:01 AM NZST

    Scammers are increasingly sophisticated at coming up with ways to trick you out of your money. Scammers will try all sorts of things, Australian Bankers Association chief executive Stephen Munchenberg says. With most financial transactions now done online, scammers have adapted their techniques to try to get victims' money and financial details.