Reading a book or a newspaper might not seem like an activity directly related to financial success, but famed investor Warren Buffett says it could be the key to securing a better financial future. Buffett, CEO of Berkshire Hathaway (BRK.A), says he reads for about five to six hours every day and credits this habit […]

Transferring an SBA loan to another person isn’t as straightforward as transferring a car title or adding an employee to your business credit card. You’ll have to get approval from the lender and the Small Business Administration. The new prospective borrower must meet the SBA’s stringent eligibility criteria, as well as any lender criteria. Despite

RH CEO Gary Friedman watched the luxury furniture retailer’s stock tank during its earnings conference call with analysts Wednesday amid the unveiling of President Donald Trump’s tariff policy. Two words summed up the situation: “Oh, sh–. OK. … I just looked at the screen. I hadn’t looked at it. It got hit when I think

File: workers at the Maxport factory, which makes activewear for various textile clothing brands, in Hanoi.  Nhac Nguyen | Afp | Getty Images Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative

Many Americans aspire to achieve wealth and financial independence. Yet, the path toward getting there can often seem unclear or daunting. While only 12% of Americans consider themselves wealthy, 58% believe they need to make at least $100,000 just to cover daily living expenses. But many people misunderstand financial independence, thinking it’s about earning a

BERLIN, GERMANY – FEBRUARY 24: Robert Habeck, chancellor candidate of the German Greens Party, speaks to the media the day after German parliamentary elections on February 24, 2025 in Berlin, Germany. The Greens came in fourth place with 11.6% of the vote, down 2.9% from the previous election. (Photo by Sean Gallup/Getty Images) Sean Gallup

SBA 7(a) loans Best for established businesses How it benefits minority business owners: The U.S. Small Business Administration says it is committed to supporting minority-owned businesses, as well as underserved small-business owners. The SBA supports efforts to equalize lending to small businesses by guaranteeing business loans through private lenders — therefore incentivizing them to lend

Key Takeaways The S&P 500 added 0.7% on Wednesday, April 2, 2025, ahead of President Trump’s afternoon tariff announcement. Shares of Leidos and other defense contractors moved higher after a report that Elon Musk might soon step back from his government efficiency role. Altria shares fell after Deutsche Bank analysts downgraded the tobacco maker’s stock,

Charts that show the “reciprocal tariffs” the U.S. is charging other countries are on display at the James Brady Press Briefing Room of the White House on April 2, 2025 in Washington, DC.  Alex Wong | Getty Images U.S. President Donald Trump on Wednesday laid out the “reciprocal tariff” rates that more than 180 countries and territories

New tariffs are coming all across the board. On Wednesday, President Donald Trump announced tariffs of 10% that will apply to all countries — the only exception is for goods that are compliant with the United States-Mexico-Canada Agreement (USMCA) trade agreement. Some countries will be hit harder than others, however, as Trump looks to level