Travel insurance can cover mishaps like medical treatments, lost luggage or missed connections. Experts suggest not buying insurance with the company that booked your trip, because they may go out of business and leave you stranded. Watch this video for more on what you need to know before buying travel insurance. » Read More
Retiring with $3 million might sound impossible, but it can be done if you diligently invest your money. How much you'll need to save every month varies greatly depending on your age. Whether you're 20 or 50, here's how to do it. » Read More
Microsoft's Xbox consoles have become a global hit. But there's one market where they don't sell all that well — Japan. Of the 46.9 million Xbox Ones sold worldwide through the second quarter of 2019, just 0.3% of them have been in Japan, according to IDC. Meanwhile, Japanese companies Sony and Nintendo are popular with consumers. » Read More
Banks regularly run stress tests to protect their assets from a range of worst case scenarios. You can use the same method to complete a financial stress test on your own accounts. Watch this video to find out how to do it. » Read More
In addition to having a higher average salary per player, NBA pros also make more money off the court than athletes in the NFL and MLB. That's partly because the NBA has a bigger fan base outside the US. Watch this video to find out the other reasons why there's such a big pay divide among the three leagues.
Millennials aren't perfect when it comes to wealth management and financial planning. That's according to Josh Jalinski, also known as the "financial quarterback." He's an author, radio host and the president of Jalinski Advisory Group. Jalinski points to three common mistakes millennials make: using cash as a long-term investment, ignoring life and disability insurance, and not recognizing potential tax savings. Watch this video to discover how he suggests fixing them.
The Mini brand was created in the midst of a fuel crisis. The ultra-small car designed to provide cheap and easy transportation for Britons in the 1950s became a cultural phenomenon. The trouble is that bigger is better in America, and Mini's specialty is "small." Sales have fallen from their peak as SUVs gain speed. Watch this video to discover how BMW plans to revamp the Mini.
Airports in the U.S. have historically operated on a public ownership model. But, in the face of aging infrastructure, a number of airports have started to turn to private money to fund billion-dollar projects. The public-private partnership model is a trend at airports around the world, according to the World Bank. Watch this video to find out more about how U.S. airports make money.
When you are buying a big-ticket item, the purchase price doesn't always tell the whole story. Whether you are buying a car, a new home, or heading off to college, there are hidden costs that can put you over budget and leave you full of regret. Watch this video to find out the hidden costs you may not see coming.
As a rule of thumb, most financial advisors suggest you save 10% to 15% of your annual salary. That percentage may be much higher if your yearly salary is $100,000 and your goal is to retire with one million in the bank. It's not impossible, however, with dedication and a lot of time. Here's exactly how much of your salary you'd need to tuck away to get there.
23-year-old Jake Lyon is a professional player in the Overwatch League for the Houston Outlaws. Prior to becoming a professional gamer, Lyon studied economics in college but fell a few credits short of his degree before switching careers. That foundation, along with an internship working with a financial adviser, taught him enough basics to start investing. Here's how he picks his investments and why he saves 65% of his income.
Roth IRAs can be a powerful tool for young investors looking to save for retirement. Traditional IRAs offer upfront tax breaks as you contribute to retirement, but Roth IRAs can offer a higher reward in the long-term. Watch this video to find out more about Roth IRAs and why you could be missing out by not investing in one.
Not everyone begins saving early for their retirement. Luckily, it's still possible to build up a healthy retirement savings later in life if you willing to make some changes. Create a plan with clear goals and look for ways to cut any spending that does not help your mission of saving for retirement. Watch this video for other tips for how to jumpstart your retirement savings and make up for lost time.
Every year, Volkswagen Group is a top contender for the title of the world's largest automaker. The company sells cars, commercial vehicles and even motorcycles. It operates 133 manufacturing plants around the world and sells cars in 153 countries. The company is now trying to forge a new future for itself by going electric. Opinions are divided, however, as to how wise Volkswagen's bet on electric is, given that electric cars only represent a tiny share of the global car market.
The minivan is a car that screams domesticity. It calls to mind images of suburbs, family life and youth soccer teams. The car once helped save Chrysler from total ruin in the 1980s, but now it's relegated to a small portion of the automotive market. Meanwhile, buyers scoop up sport utility vehicles and crossovers at an increasing rate, and automakers are faced with the choice of whether they ought to keep selling these multi-purpose vehicles or throw in the towel.
Southwest is the airline that brought low-cost travel to the masses with a simple strategy: Operate one kind of plane, offer only coach class, no meals, and fly to secondary airports. Since its first flight in 1971, Southwest has grown to carry more passengers in the U.S. than any other. But now the maker of the only type of plane it has ever flown — the Boeing 737 — is in crisis. Boeing's 737 Max planes have been grounded since March 2019 following its second crash in less than five months.
Watching your investments fluctuate every day can be stressful, but losing money is part of the game. Don't wait to start investing until you feel ready. Experts say the more time spent in the market, the better, and a dip in the market can offer more favorable prices. Watch this video for more tips on how to handle market volatility.
Social Security is an essential part of retiring in the U.S. Nearly nine of ten people aged 65 and older receive benefits, which are based on your income, the year you were born and the age you decided to start taking money out. How it's calculated, however, is anything but simple. Here's how the math is broken down and how much you can expect to earn in Social Security benefits on a $50,000 salary.
No matter your salary or how young you are, everyone can invest. Leaving your savings in the market garners a higher return in the long-run versus stashing it in the bank. That means the longer you wait to dive in, the more money you lose. Investing is full of unfamiliar terms, and many are scared away before they even start. Watch this video to find out the three things you need to know before you start to invest.
The Chevrolet Corvette has been in production since 1953, making it one of the longest-running production vehicles in American history. The iconic car is about to undergo the biggest change in its history; the Corvette is becoming a mid-engine sports car. It is one of a small number of mid-engine sports cars that can be bought for less than $100,000.