Stock markets tumble
North American stock markets fell in late-morning trading as the trade war between the U.S. and China escalated. The S&P/TSX composite index was down 161.00 points at 16,136.55. In New York, the Dow Jones industrial average was down 606.41 points at 25,335.96. The S&P 500 index was down 68.81 points at 2,812.59, while the Nasdaq […]
The dark reason so many millennials are miserable and broke
You’re not going to like this. Millennials spend more time on social media than older generations: People ages 25-34 spend 141 minutes per day on it, versus 105 for the 35-44 set. And that could be hurting both their finances and mental health. Indeed, nearly half of millennials (49%) say that their spending habits have […]
Should you trust a credit bureau with your checking account?
America’s credit bureaus haven’t exactly covered themselves in glory when it comes to protecting your private data. So you might well be skeptical about two new credit-enhancing products that require not just credit information but also access to your bank accounts. Experian and credit scoring company FICO introduced UltraFICO last year as a way to […]
This is the thing most likely to cause you financial ruin — but few prepare for it
Health can destroy wealth. Just in the past year, Americans borrowed an estimated $88 billion to cover health-care costs, according to a 2019 survey from West Health and Gallup. What’s more, 45% of Americans are concerned that a big health event could cause bankruptcy. They’re right to be concerned. More than two in three bankruptcies […]
These Are the Only Three Money Apps You Need
Budgeting apps keep you from overspending The budgeting app keeps track of your income and expenses, warns you when you start overspending, and lets you monitor your total net worth. Rosenberg uses Mint, but I prefer YNAB—its “give every dollar a job” system has revolutionized the way I look at my finances, and my net […]
Woodfibre buys gas co.
The developer of the proposed Woodfibre LNG project on the West Coast is buying a private Calgary oil and gas producer. In a joint announcement, Pacific Oil & Gas Ltd. says it has struck a cash deal to buy Canbriam Energy Inc., which produces natural gas from the prolific Montney geological formation in northeastern B.C. […]