The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
When it comes to putting a ring on it, younger generations are saying yes, but for less.
Two-thirds of younger Americans — Generation Z and young millennials — think an engagement ring should cost less than $2,500, according to a new survey from TD Ameritrade.
That is about half of the national average. The average engagement ring in the U.S. costs $5,680, according to The Knot's 2018 Real Wedding Study.
Women across all age groups said they think an engagement ring should cost less, according to TD Ameritrade's study.
Millennials are more likely to foot the bill for their own weddings, the survey found. Four in 10 members of that generation said they plan to pay their own way.
That may be good news for parents, 93% of whom said they expect to contribute to the big day.
It's important for all couples reaching such a big financial inflection point in their lives to remember that communication is key, said Chris Bohlsen, director of investor services at TD Ameritrade.
"Have that communication with your parents," Bohlsen said. "Have that communication with your partner and their parents, to be able to get a healthy understanding of where you're going to be sitting financially."
The survey also found reason for parents to root for their children — particularly daughters — to get married.
Half of married young women said they expect to be or were financially independent by age 20 or younger, compared with just 34% of single women.
In response to the same question, the difference between married young men and single young men was less — 44% versus 40%, respectively.
"One of the big things that we've noticed was that the single young Americans just don't plan at the same rate as married Americans," Bohlsen said.
For big goals such as saving for retirement or buying a house, singles lag by two or three years, Bohlsen said. But those individuals shouldn't let their single status prevent them from having a financial plan, he said.
A majority of both Gen Z and young millennials said they either plan to get married someday or are already married, according to the survey. One in 4 said they plan not to get married at all.
TD Ameritrade's survey was conducted online by the Harris Poll between February and March. It included 3,054 U.S. residents ages 15 and up and defined Gen Z as ages 15 to 21 and young millennials as ages 22 to 28.