Stocks traded higher for a second straight day on hopes the Federal Reserve chief will confirm expectations of easier monetary policy at a central banking summit this week.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Democratic candidates face a Wednesday deadline to qualify for the September debate.2020 Electionsread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says.Economyread more
Move over, grandma and grandpa. Your Millennial grandkids reported losing money to financial scams last year than you did, new government data shows.
In all, 40% of Americans in their twenties who reported fraud in 2017 indicated they lost money to the schemes, the Federal Trade Commission said last week in its annual databook of consumer complaints.
The percentage surpassed the 18% of U.S. consumers 70 or older who reported they lost money to fraudsters last year, the FTC said.
More from USA Today:
Barbie releasing 17 new dolls, from Frida Kahlo to Chloe Kim, for International Women's Day
Natty Boh unveils new beer for summer: Crab Shack Shandy
These are the 10 best and worst states for women
However, the median loss reported by adults in their seventies was $621, and for those aged 80 or over it was $1,092. Both age groups reported a higher median loss than the $400 for those aged 20-29, the data showed.
The findings emerged from the first year in which the federal watchdog agency broke out consumer complaint data by age groups.
Overall, the data includes 2017 complaints reported by 2.68 million consumers, down from the 2.98 million who reported fraud, identity theft and other consumer problems in 2016.
Consumer complaints about debt collections declined year over year in 2017 but still remained the top complaint category with 23% of all reports. The number of debt collection reports was due in part to complaints submitted by a data contributor who collects them via a mobile app, the FTC said.
Identity theft represented the second biggest complaint category, with nearly 14% of all reports. Credit card fraud was the most common type of identity theft that consumers reported, followed by tax fraud.
Imposter scams, frauds when someone pretends to be a government official, a loved one in trouble, or someone else, were the third most common complaint. Consumers reported they lost more money to imposter scams — $328 million in all — than any other type of fraud, the report showed.
Military consumers reported losing the most to imposter scams, with $16 million in all.
"While we received fewer overall complaints in 2017, consumers reported losing more money to fraud than they did the year before," Tom Pahl, acting director of the FTC's Bureau of Consumer Protection, said in a statement issued with the data. "This underscores the importance of the FTC's work in educating consumers and cracking down on the scammers who try to take their money."