Personal Finance Daily: This is how much credit-card debt makes you undatable, and do Americans marry for love or money?

Personal Finance Daily: This is how much credit-card debt makes you undatable, and do Americans marry for love or money?

Happy Monday, MarketWatchers! Start off your week with today’s top personal finance stories. How to buy gift cards for friends and family that won’t go to waste Around $1 billion in gift cards goes unused every year. When grandparents show their love through gifts, when does it become too much? Grandparents, self-restraint and if there’s → Read More

The Wall Street Journal: Olympics executives failed to protect athletes after complaints against Nassar, report shows

The Wall Street Journal: Olympics executives failed to protect athletes after complaints against Nassar, report shows

Top U.S. Olympic Committee officials concealed their early knowledge of sexual-abuse allegations against gymnastics doctor Larry Nassar and took no steps to alert or protect potential victims, according to a scathing report released Monday by a law firm hired by the USOC to investigate its response to the Nassar scandal. The report places particular blame → Read More

Equifax breach was ‘entirely preventable,’ congressional report says

Equifax breach was ‘entirely preventable,’ congressional report says

The Equifax data breach that exposed the information of more than 148 million customers could have easily been prevented, a report released on Monday by the U.S. House Committee on Oversight and Government Reform found. “Equifax failed to fully appreciate and mitigate its cybersecurity risks,” the staff majority report said. “As a result, Equifax allowed → Read More

Capitol Report: Nearly a million filed for disability during the recession who otherwise wouldn’t have, study finds

Capitol Report: Nearly a million filed for disability during the recession who otherwise wouldn’t have, study finds

Showtime William H. Macy portrays a character falsely claiming disability on “Shameless.” Nearly 1 million people filed for disability benefits they ordinarily wouldn’t have due to the recession, a new study finds. Another 400,000 filed earlier for disability than trends would have suggested, the study finds. The study puts into numbers what economists had long → Read More

The Wall Street Journal: Under Armour fires two execs after investigation into spending

The Wall Street Journal: Under Armour fires two execs after investigation into spending

Under Armour Inc. ousted two sports-marketing executives who were longtime associates of CEO Kevin Plank, according to people familiar with the matter, after the apparel brand conducted an internal review of their department’s spending. Ryan Kuehl, senior vice president of global sports marketing, and Walker Jones, senior director of sports marketing, were both removed from → Read More

Market Extra: Bond buyers fear market volatility, not a recession, fund flows show

Market Extra: Bond buyers fear market volatility, not a recession, fund flows show

Some have cited last week’s rally at the long-end of the bond market as a sign investors are increasingly unsure over the U.S. expansion’s health after the stock market’s autumn tumble. But recent data on fund flows show bond investors have yet to abandon faith in the U.S. growth engine. Instead, the slump in long-dated → Read More

In One Chart: Here’s what mortgage ‘rate lock’ looks like, in one chart

In One Chart: Here’s what mortgage ‘rate lock’ looks like, in one chart

In 2017, MarketWatch documented many of the reasons there aren’t enough homes to buy. One of the most striking forces in the housing market right now is “rate lock,” the idea that homeowners with ultra-low mortgage rates can’t bear to give up those loans and, in buying a new home, get stuck with a mortgage → Read More

This state is the most burdened by credit-card debt

This state is the most burdened by credit-card debt

Where you live in the United States makes a difference when it comes to paying off credit card debt. It takes the average New Mexico household nearly twice as long to pay off their credit-card debt as it does households in Massachusetts, according to a new report from CreditCards.com. New Mexico had the highest credit-card → Read More

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