finance

The coronavirus pandemic has hurt the economy, and women may be particularly impacted in a phenomenon some are calling a “she-cession.” News4’s Jummy Olabanji talks to an expert about getting or keeping your finances on track.

Jummy Olabanji talks to an expert about new rules for borrowing from retirement accounts in light of the coronavirus pandemic and what it could mean for your financial future.

Virginia lawmakers have announced an agreement on transportation funding proposal that will double the gas tax in some parts of the state

The U.S. Small Business Administration has announced that loans are available to Virginia small businesses, agricultural cooperatives, and private nonprofit organizations as a result of a drought that began in August

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. It will cost a middle-income married couple an average of $233,610 to raise a child from birth through age 17, according to 2015 data from the U.S. Department of Agriculture. In fact, your child is costing...

All week long News4 has been Working 4 Your Wallet. This 5-day challenge will help put you in the right mindset to achieve your financial goals. News4’s Jummy Olabanji explains each step.

A former executive at a Hollywood digital marketing company has pleaded guilty to federal charges for embezzling $22 million from his employer. Prosecutors say Dennis Blieden of Cincinnati used the money for personal expenses, including $150,000 buy-ins to enter two professional poker tournaments.

As President Trump faces the possibility of impeachments, his son is at the center of a similar situation at a Florida school. The Tampa Bay Times reports that members of the student senate at the University of Florida have begun an impeachment inquiry into the student government president at the school, Michael Murphy. A formal resolution was delivered to Murphy...

A top aide to Democratic presidential candidate Tom Steyer in Iowa privately offered campaign contributions to local politicians in exchange for endorsing his White House bid, according to multiple people with direct knowledge of the conversations. The overtures from Pat Murphy, a former state House speaker who is serving as a top adviser on Steyer’s Iowa campaign, aren’t illegal —...

Elizabeth Warren on Friday proposed $20 trillion in federal spending over the next decade to provide health care to every American without raising taxes on the middle class, a politically risky effort that pits the goal of universal coverage against skepticism of government-run health care. Read More

When e-cigarette market leader Juul removed its popular sweet flavors such as mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.” The conversation at Juul’s San Francisco headquarters, though, was far different.

When e-cigarette market leader Juul removed its popular sweet flavors such as mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.” The conversation at Juul’s San Francisco headquarters, though, was far different.

The Supreme Court is stepping into a yearslong, politically charged fight over the federal consumer finance watchdog agency that was created in the wake of the 2008 financial crisis. The justices agreed Friday to review an appeals court decision that upheld the structure of the Consumer Financial Protection Bureau. The agency has long been a target of conservative Republicans. The...

Former U.S. Defense Secretary James Mattis is laughing off an insult hurled at him by President Donald Trump. Speaking at a New York charity event Thursday the day after Trump demeaned him as “the world’s most overrated general,” Mattis joked that he took it as a compliment. “I’m not just an overrated general. I’m the greatest, the world’s most overrated,”...

As Rudy Giuliani was pushing Ukrainian officials last spring to investigate one of Donald Trump’s main political rivals, a group of individuals with ties to the president and his personal lawyer were also active in the former Soviet republic. Their aims were profit, not politics. This circle of businessmen and Republican donors touted connections to Giuliani and Trump while trying...

A senior minister who quit British Prime Minister Boris Johnson’s Cabinet said Sunday that the government is making little or no effort to secure a Brexit agreement with the European Union, despite Johnson’s insistence that he wants a deal. Amber Rudd said “there is no evidence of a deal. There are no formal negotiations taking place.” “What we know is...

The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing...

A judge says actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, can continue using a law firm that recently represented the University of Southern California — an alleged victim in the case. The couple appeared in Boston federal court Tuesday to settle a dispute over their choice of lawyers in a sweeping college admissions bribery case.

Robert De Niro’s company, Canal Productions, filed a lawsuit Saturday against a former employee asking for $6 million for allegedly “breaching her fiduciary duties.” The employee allegedly charged hundreds of thousands of dollars of personal expenses on the company card, transferred millions of company frequent flyer miles to her own account and spent hours of work time binge-watching Netflix, among...

Having kids is the joy of a lifetime for parents, but they come with a high cost. During the summer, bills pile up, as the kids want to stay busy at the pool or camp and eat-up at the ice cream truck. Yet it is never too early to make your kids aware of financial responsibility, whether it be savings...