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Category: Moneywise

Rent hikes shake Maryland city: tenants fight for stability as community faces uncertain future — here’s the pros and cons of rent control

With rent prices soaring and longtime residents being forced out, Rockville, Maryland tenants are demanding urgent action from city leaders to stabilize housing costs before their community becomes unrecognizable. Renters, who make up 50% of Rockville’s population, have shared their frustration with 7News about how increasing rents are driving long-time residents out of the community. […]

Elon Musk says DOGE will ‘absolutely ensure’ Americans get their Social Security — vows no cuts ‘whatsoever’ to ‘legitimate’ payments. 2 ways to boost your nest egg no matter what he does

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. Social Security has been in the headlines ever since Elon Musk and his Department of Government Efficiency (DOGE) set their sights on the program. Public concern has grown, fueled […]

Walmart CEO says food prices are a major source of ‘frustration and pain’ for lower income customers. Here’s what’s to blame for rising prices and what you can do to save

Soaring food prices have been hurting consumers for years. But things are coming to a head, especially as retailers and consumers grapple with tariff concerns. According to Bloomberg, Walmart CEO Doug McMillon recently shared at the Economic Club of Chicago that food prices are still elevated — and that consumers are showing signs of "stress […]

Donald Trump’s new housing chief launches major shakeup at Fannie Mae and Freddie Mac — here’s what it could mean for your mortgage

President Donald Trump‘s newly appointed housing chief has made waves by launching a dramatic shakeup at mortgage giants Fannie Mae and Freddie Mac, potentially reshaping America’s mortgage market. William Pulte, a private equity executive whose family founded one of the country’s largest homebuilding companies, took charge of the Federal Housing Finance Agency (FHFA) on March […]

Vermont producers left with alcohol that ‘can’t just be sold here’: Distillery loses business in Canada due to tariffs — what small businesses can do to brace for impact

When Caledonia Spirits, a Vermont-based distillery known for its Barr Hill Gin, spent four months preparing an order for shipment to Quebec, the company expected their bottles to reach customers across the border. Instead, after President Donald Trump announced tariffs on Canada in early February, the order was abruptly canceled. This decision is leaving the […]

‘Our hands are tied’: SF couple wants city to pay back $300K they sunk into restaurant in building slated for a shelter. What businesses can do when local policy impacts livelihood

Kay and Ryan Zin spent a year and more than $300,000 on permits and renovations before opening Bay of Burma restaurant in San Francisco’s South of Market area in 2023. The business owners leased space on the ground level of a mixed-use building, with residences upstairs. The day after their grand opening, they learned the […]

Grant Cardone says owning a home in America is a ‘terrible investment’ — claims it ‘ain’t your house’ even after the mortgage is paid off. Here’s why and what to do with your cash instead

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. Given how much home prices have soared in America, many homeowners may be feeling richer than ever. But real estate mogul Grant Cardone says your house isn’t a smart […]

‘We’re looking at a slowdown’: 3 warning signs point to a U.S. recession. Find out what the indicators are and how to protect your finances in the months ahead

The U.S. is not in a recession — yet. But with threats of high tariffs on U.S. imports, policy uncertainty, mass deportations and Department of Government Efficiency (DOGE) cuts, some economic observers believe the odds are rising. “We’ve got a real uncertainty problem, it’s going to be hard to fix that,” former Treasury Secretary Lawrence […]

I’m 60, just divorced, and lost $1.2 million in the process — will I ever recover from this setback? Here’s how to build a secure retirement even when you have to rebuild your life

Even the most confident financial planner can question their future after a divorce. But let’s say you’ve spent years as the primary breadwinner in your relationship, steadily building a comfortable retirement nest egg, only to lose both your life partner, along with $1.2 million following a costly divorce. Even if you’re debt-free, have no children […]