Gasoline prices are rising sharply again across the country, and the increase is especially hitting a group of Midwestern states that backed Donald Trump in the 2024 election. The increase is closely related to oil prices rising to wartime highs amid ongoing geopolitical tensions, particularly the conflict in Iran. The average cost of gas in…
Would you accept financial advice from a sociopath? If you’re among the majority of Americans using AI to manage their money, chances are you’ve already done so. MIT finance professor Andrew Lo co-authored a 2023 paper that equated large language models (LLMs) like ChatGPT to “a human sociopath” due to their inability to express empathy…
Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. When Sarah went to college, she assumed the 529 plan her parents had prepared for her was an act of generosity. But almost two years after finishing graduate school, he discovered that what he thought was a gift came…
If you thought gold’s run over the past five years was extraordinary, returning 177% (1), get ready for the next five. Since 2020, the value of gold has skyrocketed (2) from $1,585 per ounce to over $4,500 per ounce. Must read Now, German investment bank Deutsche Bank predicts it will almost double to $8,000 per…
Stephen Binder splits his time between Florida and Colorado, which means a lot of driving and paying a lot of tolls. To keep things simple, he maintained two transponders to pay tolls: UniPass issued through the Central Florida Turnpike Authority and a Colorado Express toll device. But recently he realized that having two transponders was…
Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. If anything has remained constant during President Donald Trump’s first and second terms, it is his pressure on Federal Reserve Bank Chairman Jerome Powell to lower interest rates. Last July, Trump talked about firing (1) Powell, and the Justice…
At its current valuation of $852 billion (1), privately held OpenAI has been a mega winner for a select group of investors. But a recent deal with a retail-oriented brokerage has opened access to the ChatGPT creator. In a recent press release (2), Robinhood says it purchased $75 million in OpenAI common stock to add…
For most retirees, Social Security is a modest monthly check. The average retired worker receives about $2,076 per month, according to USA Today (1), meaning a typical married couple earns about $4,152 together. It’s a comfortable addition to retirement savings, but it’s nowhere near the ceiling. That limit, in 2026, will be $10,362 (2) a…
Sure, it’s nice to get a big, fat refund come tax time. But that just means you overpaid your taxes last year. Now Treasury Secretary Scott Bessent is urging Americans to review their tax withholdings to boost their paychecks. On April 15, during a White House press conference about President Donald Trump’s tax breaks, Bessent…
Moneywise and Yahoo Finance LLC may earn commissions or income through links in the content below. It’s no surprise that Americans are paying more for their necessities than last year (1). In response, they are tightening their belts, to the point that a Lightspeed survey found that 1 in 4 consumers will buy only necessities…
