Shipping containers are seen at the Port of Montreal in Montreal, Canada, on Feb. 3, 2025. Andrej Ivanov | Afp | Getty Images President Donald Trump imposed broad tariffs on China that took effect Tuesday, while his tariff threats hang over other major trading partners: Canada, the European Union and Mexico. That may lead some […]
Recommerce, secondhand shopping may cushion the blow
Oleh_slobodeniuk | E+ | Getty Images With tariffs ramping up, the prices on some everyday items will rise as well. That is weighing heavily on American consumers. A recent consumer survey found that 86% of Americans expect price hikes from higher tariffs; and many already have a strategy to cushion the blow. Faced with higher […]
How Musk’s access to Treasury system may impact Social Security
The US Capitol building in Washington, DC, on November 24, 2024. Daniel Slim | Afp | Getty Images News that Department of Government Efficiency led by Elon Musk now has access to a government payment system that is responsible for $6 trillion in annual federal payments — including Social Security and Medicare benefits — has […]
Stockpiling ahead of higher tariffs is a big mistake, experts say
Many consumers are rightfully concerned about escalating trade tensions. President Donald Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. He also signaled that tariffs on the European Union could be next. While Trump has agreed to halt the implementation of tariffs against Canada for at least 30 days […]
Millennials are reimagining retirement
By many measures, millennials are doing considerably well financially. Still, fewer younger adults are thinking about retiring in the traditional sense one day. “Retirement is becoming more deprioritized,” said Michael Liersch, head of advice and planning at Wells Fargo. “Ten or 15 years ago that was always the number one goal,” he said. Now, “actually […]
L.A. wildfire victims face financial anxiety amid recovery
Homes burn above Pacific Coast Highway during the Palisades Fire on Jan. 8, 2025, in Pacific Palisades, Calif. Photo by Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images Alicia Kalvin awoke the morning of Jan. 7 to an urgent text from a friend: “There’s a fire on your street.” She hurried outside, alarmed to see […]
These are the 10 most underrated places to travel, say travel agents
Klaus Vedfelt | Digitalvision | Getty Images Looking for travel inspiration for 2025 and beyond? Look no further: CNBC asked 10 travel agents for their recommendations of the most underhyped destinations in the world. We compiled their written answers below, including can’t-miss activities for each locale and the best times of year to visit. You’ll […]
Concert ticket prices soar, but music fans don’t care
From Billie Eilish and Sabrina Carpenter to Kendrick Lamar and SZA, 2025 promises to be another big year for live music events. That may also mean concertgoers will be shelling out more for their favorite shows. After rising steadily post-pandemic, admission to movies, theaters and concerts jumped 20% since 2021, according to the Bureau of Labor […]
What federal employees need to consider when evaluating offer to resign
A “Do not cross” sign is illuminated at a crosswalk outside of U.S. Capitol building in Washington, US, November 10, 2024. Hannah Mckay | Reuters The Trump administration emailed more than 2 million federal workers this week, giving them the option to resign now and get pay and benefits through Sept. 30. Workers have until […]
What to know about retirement funds if your employer merges or is acquired
Momo Productions | Digitalvision | Getty Images Mergers and acquisitions happen all the time between companies of varying size and notoriety. These can be a great opportunity for businesses and owners to achieve their strategic or long-term goals, but often leave employees feeling uneasy and confused about what the deal means for them — especially […]