The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.
Category: Personal Finances
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Labor Department Proposes New Fiduciary Rule to Protect Investors
The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change.
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The State Had One Woman’s Unclaimed Funds. It Turned Out to Be a Windfall
A financial firm told an account owner that it had turned over her money to the state. When she filed a claim, something strange happened.
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Insurers Report Rising Hail Damage Claims
Inflation is driving up the cost of materials and labor to repair roofs and cars. Adding to insurers’ costs is increased development in areas affected by severe storms.
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In the Markets, a Tug of War Between Big Tech and the Fed
On Wall Street, excitement about A.I. outweighs concern about interest rates. But rocketing stocks could make it tough for the Federal Reserve to cut rates.
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Retirees’ Pensions Were Restored. Debate About It Hasn’t Died.
A 2021 law providing aid for multiemployer plans underscores the partisan disagreement about how best to provide stability for older Americans.
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Biden Approves $5.8 Billion in Student Debt Cancellation for 78,000 Borrowers
The incremental relief brings the canceled total to $143.6 billion for nearly four million Americans.
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Closing Costs for Buying a Home Have Risen Along With Rates
These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down.
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Nvidia Stock Market Value Would Be Bigger Than the World Economy
A.I. fervor has rocketed the chip company’s share price upward. Our columnist asked A.I. chatbots how big Nvidia would become if it kept growing as fast as it had over the past year.
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The Your Money Columnist Answers Questions About Finance and His Job
Taxes. Tuition. Cryptocurrency trading. Since 2008, Ron Lieber has answered hard-hitting questions about personal finance as the Your Money columnist.
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Inside the World of People Placing Bets on Oscar Winners
Inside the world of people making bets on the winners of the Academy Awards — with some taking home thousands of dollars.