Business

Fifth Third Bank has agreed to pay millions to settle allegations that it forced auto loan customers into duplicative car insurance policies that made their monthly payments more expensive, leading in some cases to repossessions of vehicles from customers who could not afford to pay.The Consumer Financial Protection Bureau said Tuesday in court…

Federal Reserve Chair Jerome Powell kicked off his semiannual update to Congress on Tuesday, appearing before the Senate Banking Committee. He will appear before the House Financial Services Committee tomorrow.Yahoo Finance's Jennifer Schonberger has the story:Powell indicated the central bank is inching closer to feeling comfortable about…

Policy types are invariably looking into the past, and their tendency to do this is rooted in a wildly flawed conceit that they’re smarter than the markets. No, they’re not, and this is true even when policy types have a free market lean. They too frequently miss that the people are the markets, and their combined wisdom is always well ahead of…

A rich boomer couple has been labelled “selfish and privileged” after revealing they’re spending their children’s inheritance on luxury holidays.Victorian parents Leanne and Leon Ryland have two adult sons who apparently won’t see a cent of inheritance, with the couple having spent about $170,000 on holidays since they retired.Their goal of…

Tesla (TSLA) continued its hot streak and closed higher for its 10th trading day in a row. Meanwhile, bitcoin (BTC-USD) continues to trade below a $60,000 benchmark, taking a little longer to recover than previous down periods. Should investors hold stocks overnight and trade in the morning? Data surrounding the S&P 500 (^GSPC) reveals it…

A new statement takes aim at “misinformation and concern” surrounding the proposed sale of REcolorado and provides details on the buyer and his intentions.In a statement posted Monday, association leaders who approved the sale of REcolorado  "emphatically deny all accusations and rumors" that they will benefit financially from the deal."That is…

Prime Day is approaching, but Walmart is taking on Amazon with its Walmart Deals event. Many of today's Walmart sales meet or beat those that can be found ahead of Prime Day, whether you're looking for TVs, barbecue grills, or summer footwear.Some of the best headphones can be found cheapest at Walmart. Right now you can grab the Sony…

Student visas that led to work permits, permanent residency and then citizenship offered a straight and easy path to settle down in a Western country where Indians could enjoy a higher standard of life. In pursuit of this dream, hordes of Indian youth chose to head to Canada in recent years. But now the dream is souring. High property prices,…

US stocks gained on Monday to start a consequential week that could provide key signals for the near-term path of interest rates.The S&P 500 (^GSPC) rose 0.1% and the tech-heavy Nasdaq Composite (^IXIC) climbed 0.3%, with each index managing to notch fresh records. The Dow Jones Industrial Average (^DJI) erased earlier session gains to slip…

If you're retiring soon and wondering what will happen with your Social Security benefits, you're not alone.That's why many Utah families are now seeking alternative income sources for retirement.It's hard to trust Social Security will be there for you in retirement, especially when it is projected to run short of money needed to maintain…