Elizabeth Guevara

6 days ago | investopedia.com | Elizabeth Guevara

Key TakeawaysAs tariffs trigger recession alarms, some of the most populous states are the least prepared for an economic downturn, according to a recent report. Tariff uncertainty has taken financial markets on a wild ride, squashed consumer and business confidence, and fueled fears about the possibility of a coming recession. They also spurred a surge of imports as people rushed to beat the tariffs, which resulted in negative economic growth for the first time since 2022.

1 week ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSThe millions of student loan borrowers struggling to make payments could soon face a predicament as collection efforts resume. The Department of Education said 5 million borrowers have defaulted on their federal student loans, and expects 4 million more to default in the next few months. Starting May 5, the department plans to resume the collection of defaulted loans, eventually leading to involuntary wage garnishment for some borrowers.

1 week ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYS During the first 100 days of President Donald Trump's second term, many of his economic actions focused on widespread tariffs, which could affect your budget. Trump said his main goal with tariffs is to bring manufacturing jobs back to the U.S. However, he acknowledged that 'there'll be a little disturbance' caused by his tariffs. Some business leaders say they plan to pass on the costs of the new import taxes to their consumers.

2 weeks ago | investopedia.com | Elizabeth Guevara

Key TakeawaysThe Federal Trade Commission (FTC) is sending $18.5 million worth of checks to consumers who were affected by allegedly misleading claims made by sweepstakes company Publishers Clearing House. The FTC on Wednesday said it is refunding 281,724 affected consumers who ordered items from Publishers Clearing House after receiving a deceptive email from the company.

2 weeks ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSPresident Donald Trump's tariffs are expected to make home repairs more expensive, likely pushing up homeowners' insurance costs. Trump's various proposed and implemented tariffs on wood, plastics, glass, and metals imports are expected to increase the cost of home building and repair. Six in 10 builders surveyed by the National Association of Home Builders said their suppliers have already increased material prices.