Finance

3 Essential Steps to Take

Love and marriage don’t always go hand in hand these days.

You’ve probably heard all the reports about how fewer people are marrying — even after the 2015 Supreme Court decision that gave couples of all genders the right to marry.

About 18 million people in the U.S. are cohabiting with someone they’re not married to. And it isn’t just young couples shacking up to test the waters before marriage. About 1 in 4 of the 18 million cohabiters in the U.S. are 50 or older.

You don’t need a marriage certificate to prove your love for your partner.

But here’s the problem: The government doesn’t care how in love you are, which means financial and estate planning for unmarried couples is extra important.

Why Financial Planning Is Tough for Unmarried Couples

One thing that marriage has going for it is that it’s a legal contract. That means certain rights

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QVC’s Viewership Is Up 10% Thanks to Coronavirus (But How Are Sales?)

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The coronavirus pandemic has had quite a major effect on retail. Overall U.S. retail sales plunged in April but rebounded in May, as e-commerce has grown while in-person sales have plunged. Then there’s home shopping.

According to a report in mid-May by The Hustle, viewership for networks owned by Qurate Retail Inc, which includes both Home Shopping Network and QVC, jumped 10 percent between March and May.

“The magic of QVC, HSN, and ShopHQ right now is that they sell products, not ads,” the report said. “QVC’s US culinary sales are up 40%, and its US yard and outdoor space listings are bringing in 65% more than last year.”

The New York Times had reported in late March that QVC should stand for “Quarantine, Value, Convenience.” QVC, the Times said, remained open even as most Pennsylvania-based businesses were closed in the opening weeks

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A Worker’s Past Pay Shouldn’t Dictate Future Earnings

(Bloomberg Opinion) — Suppose you’re on a trip overseas and you need to buy a shirt, but you don’t know any of the brands. You see two shirts in a store that both look pretty good, but one costs twice as much as the other. You might assume that the more expensive shirt somehow is superior —  that it’s better made or that the locals will see it as more stylish. You might decide it’s worth the price and spend the extra money.

This isn’t how economics is supposed to work. Econ 101 teaches us that demand curves slope down; when something is more expensive, buyers are supposed to want less of it, not more. But when it’s hard to find information about the quality of what you’re buying, people may use the price as a signal of value and pay more for things just because they cost more. This

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Lufthansa investors back $10 billion German government rescue

By Ilona Wissenbach and Edward Taylor

FRANKFURT (Reuters) – Lufthansa shareholders on Thursday backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany’s flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.

The plan, backed by 98% of the shareholder capital that cast a vote at the online meeting, will see Berlin take a 20% stake in Lufthansa and two board seats.

Shares in the company, which employs around 138,000 people, closed 7.1% higher, having risen strongly earlier after top shareholder Heinz Hermann Thiele dropped objections to the deal.

Also on Thursday, European Union regulators approved Lufthansa’s 6 billion euro recapitalisation, part of the bailout deal, subject to a ban on dividends, share buybacks and some acquisitions until state support is repaid.

The approvals will come as a relief to Chancellor Angela Merkel, who could ill afford another high-profile business

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A Q&A With Matthew Moulding, Founder of The Hut Group

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LONDON — Matthew Moulding may be the mastermind behind The Hut Group, a billion-plus pounds tech company in the beauty and wellness space, but he’s not one for a Silicon Valley cliche.

The 48-year-old Moulding, a self-made entrepreneur whose net worth is approaching 1 billion pounds, according to The Sunday Times of London Rich List, not once during an hourlong interview drops the words, “lean in,” “disrupt,” “learnings” or “synergistic.” He doesn’t preach about the importance of “community,” nor does he appear to have the messiah complex that’s so common among the tech businesses founders.

Serious, soft-spoken and—by his own description—risk-averse, the muscly Moulding (he’s a major fitness fan) is not made in the mold of the showy, party animal British entrepreneur (see Richard Branson, Philip Green and Richard Caring) or the stereotypical tech founder, although tech has always sat at the heart

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The best secured credit cards of 2020

Build your credit history with a secured card.
Build your credit history with a secured card.

— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we may earn a small fee for referring you. However, our picks and opinions are independent from USA TODAY’s newsroom and any business incentives. 

A credit card can be a great way to make a quick payment online, build credit, finance your purchases, and earn rewards. 

But when you apply for a credit card, the issuer normally checks your credit reports and looks for a strong history of paying back money you’ve borrowed. If you’re new to credit or have a spotty credit history, then it may be tough to qualify because the issuer knows it’s taking on more risk. A secured credit card can be a good solution in these cases: You

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Britain offers to back down on ‘tech tax’ after US fury

Facebook under scrutiny
Facebook under scrutiny

The Government is offering to narrow the scope of its digital tax after the US threatened tariffs on nations that target its technology companies. 

The compromise “would considerably ease the task of achieving a consensus-based solution and make a political agreement within reach this year,” according to a letter sent from finance chiefs from the UK, France, Spain and Italy to US Treasury Secretary Steven Mnuchin.

The nations are offering up a “phased approach” to taxing “automated” digital technology companies, according to the letter, Bloomberg reported on Thursday.  

This suggests they would first look at search engines, social media networks and e-commerce and digital marketplaces like those offered by Amazon and eBay, which take a cut from sellers, but do not have a physical presence in the countries where the items are being sold, rather than consumer-facing businesses.  

US officials have warned that the digital tax could

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I Tried the Tempo Studio, an At-Home Fitness System That Turns My Dining Room Into a Gym

Photo credit: Tempo Studio
Photo credit: Tempo Studio

From Best Products

There are a lot of cool things out there that make us wonder — do they really work? In our I Tried It series, we set out to use them in the real world and have determined that, in fact, they really do.

On Trial: Tempo Studio at-home fitness system

The Tester: Brandon Carte, former frequent gym-goer who has been stuck in a workout rut.

The Brief: The pandemic caused nationwide gym closures and equipment shortages, and it also snatched my drive to stay in shape. To help reignite my fitness journey, I tried the Tempo Studio, a new home fitness system that combines weightlifting, high-intensity interval training, and mobility classes.

Over the last 2.5 years, I’ve maintained a consistent routine of weightlifting at the gym and eating a high-protein diet to gain muscle mass. But when my gym

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“I escaped an abusive relationship during lockdown”

Photo credit: Hearst Owned
Photo credit: Hearst Owned

From Cosmopolitan

Sophie*, 21, from Norwich, explains how she left her abusive boyfriend during the COVID-19 pandemic and lockdown.

“I met Lewis* when I was 18 and he was 21. I’d just got out of a relationship and we’d been friends for a while before it turned into something more.

The first year was amazing. Lewis was really funny and charismatic, and everyone liked him, but he was having issues with his flat, so he moved in with me at my dad’s house. We lived near the river, so we’d spend time going for long walks along the footpath and meeting up with local friends for picnics. It felt like a healthy relationship.

Then, after a year or so, things started to change. If I wanted to stay out with friends after he’d finished at work, it’d turn into a big drama and we’d argue. Soon,

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A Reversion to the Average Yield Could Mean Big Returns

With so many companies pulling guidance due to the Covid-19 pandemic, investors are left without highly important information to use in analyzing the value of a stock, including earnings per share estimates. While analysts can help fill in the gaps, it might be a fool’s errand to rely on these estimates with so much uncertainty.

I often find it helpful to compare the current dividend yield against the stock’s historical average yield in these cases. Using this method allows me to see what a stock would be worth if it reverted to its medium and long-term average yields.

Usually, stocks trading in excess of the average yield have some issue in the business that has caused the share price to decline. Declining fundamentals can be a red flag as an investor, but if the business has some areas that are growing, then the stock can be an attractive investment over

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