Indiana Pacers swoop in with buzzer beater to save local mom-and-pop bakery from losing thousands after being tricked by a scammer posing as a team executive — what to watch out for
The Sweet Escape Cake Company in Indianapolis is warning other small businesses of new scam tactics after they were duped by a fraudster pretending to be connected to the Indiana Pacers. Styles McCorkle, a Sweet Escape employee, told local news station Fox 59 that the business was contacted by email, with the scammer pretending to […]
Ontario women lose nearly $68K after scammers pretend to be from their banks. Here’s what happened and how you can protect yourself
As technology continues to develop at quickening rates, the tools available to financial fraudsters continue to broaden. But, sometimes, old devices work just as well. Three ON women — and one unidentified woman —are out nearly $68,000 after falling victim to a classic scam maneuver known as a spoofed phone call. The scammers called each […]
Federal Reserve just raised the alarm over 1 key economic indicator — signals 12-year high in ‘consumer distress.’ Here’s the big problem crushing American finances (and how to solve it)
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. While investors worry about the markets, the Federal Reserve Bank of Philadelphia is raising the alarm about another economic indicator: credit card payments. According to the central bank, more […]
New Texas state law allows fracking wastewater to be used for crops amid a looming ‘severe shortage of water’ — but it’s got some farmers and ranchers on edge
Texas is facing a major water shortage. The state’s population is projected to grow 73% by 2070, while its water supply is expected to shrink by 18%. Already, aging infrastructure is leaking over 570,000 acre-feet of water each year, and officials warn that by 2030, Texas could face a severe shortage. The state’s two main […]
$300,000 in cash spilled out of the back this Brinks truck in Illinois — then a swarm of residents swooped in to snag the bills. But there was a serious legal cost to the ‘found’ money
The streets of Oak Park, Illinois, erupted in chaos when $300,000 in cash spilled from a Brinks armoured truck into the street. “People were running down the streets with money bags,” Nicole Phillips-Edwards, an Oak Park resident, told CBS News Chicago. Don’t miss I’m 49 years old and have nothing saved for retirement — what […]
I’m 51 and have no debt except a mortgage. My job is offering me a payout when I leave — should I take a $71,000 lump sum or $455 per month for life?
Lester, a 51-year-old from Pittsburgh, has no debt aside from his mortgage. The company he works for recently sent a letter to employees offering them a lump-sum payment when they leave in return for ending their participation in the company’s pension plan. He can choose a one-time payout of $71,000, or he can opt to […]
Trump’s tariffs, market chaos and the rise of inverse ETFs: How investors are hedging market downturns
In today’s turbulent economic climate, marked by President Trump’s recent tariffs on Canada, Mexico and China, concerns about a potential recession are escalating. As markets react to these developments, investors explore strategies to protect their portfolios. One such strategy involves inverse exchange-traded funds (ETFs). What are inverse ETFs? Inverse ETFs, also known as bear or […]
Oakland residents flocking to homesteading amid the high cost of living and fears over political unrest — but does this type of self-sufficiency really make financial sense?
The corner of 28th Street and Martin Luther King Jr. Way in Oakland isn’t where you’d expect to find fruit trees or beehives. Yet nestled between the historic apartments and storefronts, the intersection is now host to a compact urban homestead. Novella Carpenter transformed part of the property into a garden with pomegranate and almond […]
Think you’re healthy? Why critical illness insurance in Canada might still be essential
Choosing insurance is as much about planning for the future as it is about meeting your needs now. You choose your car insurance policy based on what car you’re driving and your health insurance according to what type of care you need this year. But there are many types of “what-if” insurance that are just […]
My 72-year-old mom just told me she’s racked up a whopping $150,000 in credit card debt — and she’s retired with zero savings and lives off Social Security. How do I help her?
Talking about money with family is never easy — especially when it involves debt. Imagine this scenario: Jamie learned his 72-year-old mother had racked up $150,000 in credit card debt. The revelation came as a shock. His mother, who is retired, has no savings or significant assets and depends on monthly Social Security payments to […]