Savings
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 at a large, reputable state-owned bank. The rural bank was also offering high interest rates, making it seem like an ideal place to park his […]
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Three Ways to Cut Your Tech Spending, as Prices Rise Everywhere
With the cost of food, gas and electricity going up, we have no choice but to spend more. But we do have more control over how many dollars we allocate to one of our largest-ticket items: personal technology. Compared with the cost of gasoline, which surged 48 percent from March 2021 to March of this […]
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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, the latest increase isn’t expected to make a meaningful difference — at least not yet. “Car loan rates will move up as the Fed hikes interest rates, but it will be a nonissue for car buyers because it has such a limited impact […]
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What Causes Inflation and Should I Worry About It?
In the longer term, the (sometimes contested) theory goes, high inflation can become entrenched if workers begin to expect it and can successfully negotiate wage increases to cover their climbing costs. Companies, facing higher labor bills, may manage to pass the costs onto consumers — and voilà, you have a situation where pay and prices […]
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