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    When a bank fails, the Federal Deposit Insurance Corp. tends to act quickly to protect customers' money and arrange for a healthy bank to buy the failed one. This process happened most recently on May 1 when First Republic Bank failed. But what happens if a neobank fails?A neobank, such as Chime or Current, is...

      In the spring of 2022—following the large decreases in consumer spending, stimulus checks, and other financial relief due to the COVID-19 pandemic—total revolving credit card debt reached its lowest level since 2014. But as consumer spending started to recover and inflation swelled, revolvin…

        The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same.Those...

          From self-made businesswomen to heirs of wealthy American dynasties, these are the 50 richest women in America, compiled from Forbes data by Stacker.    

          Hundreds of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate protested at its Seattle headquarters. The lunchtime protest on Wednesday comes a week after the company’s annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week. Amazon Employees for Climate Justice said as of Wednesday morning, more than 1,900 employees had pledged to walk out around the world, with about 900 in Seattle. The company said in a statement that it respects its employees’ “rights to express their opinions.” Amazon has cut 27,000 jobs since November.

          A recent study finds the financial capability of Latinos improved over the last decade, but obstacles to Latino wealth remain. In February 2023, the U.S. Financial Industry Regulatory Authority (FINRA) Foundation published new findings in a study titled “A Closer Look at Financial Capability of Hispanic Adults in the United States.”Several FINRA surveys contributed to...

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          Ozempic, a medication used to treat Type 2 diabetes, has gone viral as a weight loss drug.The #ozempic hashtag has over a billion views on TikTok, and more people are searching the web for Ozempic than for insulin, Viagra or Tylenol, according to Google Trends data for May 2023.Medicare beneficiaries interested in the drug might...

          It has never been easier to open a bank account, especially with the spread of online services, but there has also never been so much choice about where to put your money. If you’re overwhelmed by your banking options, think about your ability to shape social change with your money. Now is a great time...

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