Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
The president may have more success in the court fights to come, including appeals in the cases decided this week. But the two losses are nonetheless a dramatic setback for...Politicsread more
Most people feel like an adult at age 18, but these days they might not become financially independent until almost a decade later.
In fact, more than half, or 53 percent, of millennials over 21 are receiving financial help from a parent or guardian, according to a new report by Country Financial.
One-third of the more than 1,000 adults polled still get money from their parents every month to cover expenses such as gas, groceries, rent and their cellphone bill, while 59 percent receive financial help a couple of times a year, the report said.
Hefty student loan bills from school, which are at an all-time high, have put a severe strain on most recent graduates' financial circumstances, according to Doyle Williams, the executive vice president at Country Financial.
"The biggest factor is the high cost of education and the accompanying debt that has come along with that," he said.
Seven in 10 seniors graduate with debt, owing about $29,650 per borrower, according to the most recent data from the Institute for College Access & Success.
In addition, sluggish wage growth and sky-high rents in many cities have made it unaffordable for some recent graduates to support themselves entirely on their own.
And even as hiring picks up, wages for new college grads have barely budged, when adjusted for inflation, from prerecession levels, according to the Economic Policy Institute.
A whopping 87 percent of millennials said they'd been broke in the past or were currently broke, according to a separate survey by CreditLoan. The generation defined "broke" as having less than $900 in cash or in a bank account, the survey said.
"The key is to set expectations," Williams said. That includes how much financial support will be provided and for how long, with the goal of getting to independence, he said.
"It may be a one-year plan for some families; it may be a five-year plan for others," he added, but "putting a plan together is critical."
More from Personal Finance:
A growing share of millennials are living with Mom. ... Here's why
These are the ways student loans stop people from buying a house
Student loans take a mental toll on young people