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Chinese Banking Scandal Tests Faith in Communist Party’s Leadership

BEIJING — The saving opportunity with the rural bank in central China looked, to Sun Song, a 26-year-old-businessman, like a great find. It would be linked to his existing account […]










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Fidelity says it will offer crypto in retirement accounts this year

Fidelity, the largest retirement plan provider in the United States, announced plans to offer bitcoin in 401(k) retirement accounts to its accountholders later this year. The company is set to allow […]




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What a Federal Reserve Rate Increase Means for You

Though the typical car payment has reached its highest levels since 2012, any Fed increase isn’t expected to make a meaningful difference — at least not yet.“Car loan rates will […]




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Higher Savings Rates? Don’t Expect Them Soon.

But there are some details to pay attention to: Once you buy the bonds, you can’t redeem them for one year. And if you redeem them before five years, you’ll […]




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Pandemic-Era ‘Excess Savings’ Are Dwindling for Many

In a commentary published on a Federal Reserve Bank of New York blog in April, four economists argued that “although large by historical standards, the savings accumulated by U.S. households […]




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The Economic Rebound Is Still Waiting for Workers

“They’re making a lot of profits in part because they’re saving on labor costs, and the question is how long can that go on,” said Julia Pollak, chief economist for […]




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Workers’ Financial Stress Is Rising. Can Corporate Programs Help?

“Now most wellness programs offer solutions beyond guidance and investment advice,” said Alison Borland, an executive vice president with Alight Solutions. “They can help employees answer the questions: How is […]