Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Credit or debit? The card you swipe at the register could make a big difference.
Here's why: Most credit cards offer $0 fraud liability, meaning you won't be out any money. Debit card users, on the other hand, may be liable for any lost money, depending on when the fraud was reported. In the worst case, consumers could be on the hook for the full amount of loss or theft, according to the Federal Trade Commission.
And that could be a problem for the younger generation: 69 percent of millennials believe that debit cards are as safe or safer than credit cards, according to a recent national survey of 1,000 adults conducted in August by Compare Cards/Lending Tree.
The rest of the population wasn't much better: Overall, 66 percent of Americans are more likely to trust debit cards than credit cards. The most trusted payment? Cash.
The good news is most banks and financial institutions will reimburse a victim of theft or fraud, according to Matt Schulz, senior analyst at CreditCards.com.
The timing of a theft — like right before a bill payment is due — could create some serious financial damage. With so many Americans living paycheck to paycheck, that's a real possibility.
"A bad guy who gets a hold of a debit card can access real money from a real account," Schulz said. "If you're missing $500 for two days, it can cause some real hardships if you have bills due at that time."
Millennials' preference for debit over credit could stem from a fear of taking on more debt. As millennials build their financial lives and pay down or retire outstanding student debt, they'll likely embrace credit more, Schulz said.
"Part of people trusting cash is that there's no technology involved and it's a little simpler. People also need to realize that if you lose cash, it's gone, unlike with a credit card or a debit card," Schulz said. "It's an imperfect thing."