The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
Here's a Valentine's Day treat for you — your partner may be hiding cash, hoarding a secret credit card or spending money without telling you.
A new survey from CreditCards.com found that 28 percent of respondents confessed to spending at least $500 without notifying their significant other.
The credit card review site surveyed 1,003 adults over the phone in January.
Older Americans were especially keen on keeping financial secrets from their spouse. One in 10 survey participants aged 63 to 71 reported having a hidden credit card or bank account, while 3 percent of millennials did the same.
Meanwhile, close to 40 percent of baby boomers splurged on purchases exceeding $500 while keeping their significant other in the dark.
"Because most Americans live on a budget or go paycheck to paycheck, and they don't have a lot of savings, the idea of spending $500 without saying anything to your partner can be really damaging to your finances," said Matt Schulz, senior industry analyst at CreditCards.com.
The website estimates that as many as 12 million Americans are keeping secret accounts and credit cards.
Now might be the time to come clean about your concealed cash and spending habits.
Higher-income households were more accepting of a spouse's spending without notification. To that point, 47 percent of participants earning at least $75,000 were comfortable with their partner spending more than $500 without a heads-up.
"The good news is that the people who are most OK with their partner spending without telling them are more likely to absorb the higher expense," said Schulz.
In all, as many as a third of those polled were fine with their significant other spending on big-ticket items while on the down low. See the chart below.
Schulz suggested having a discussion with your loved one when an impulse purchase hits the $100 mark.
"There is no way to have a meaningful budget in your household without knowing how much money is coming in and how much is going out each month," he said.
In a perfect world, partners would discuss their spending before they cohabitate or get married. It's not enough to talk about paying for things you need — rent, utilities and food — as well as your income and debts, you also have to talk about your cash habits.
"Money and financial difficulties are at the heart of the breakup of so many marriages, and it's so important to have those conversations before you really need to have them," Schulz said.
Get your issues out in the open by scheduling a one-on-one with your spouse. Be sure to bring out your relevant paperwork, including your bank and credit card statements, loan balances and other reports.
"It may not be the most fun conversation, but it's important to be honest and open about your spending and how much you and your partner are comfortable with spending without telling each other," Schulz said.