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Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseUS Supreme Court Justice Samuel Alito has refused to step away from cases involving Donald Trump and the 2021 attack on the US Capitol after reports of controversial flags flown at his properties had spurred calls for his recusal.In a letter to US senators who had called for his withdrawal, Alito on Wednesday said the incidents did “not meet the conditions for recusal” and that he was “duty-bound to reject” their request.The contention stems from recent media reports showing…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Former President Donald Trump’s favorite Supreme Court justices might not even be the three he nominated. Trump congratulated Justice Samuel Alito, who was nominated in 2005 by then-President George W. Bush, after the jurist on Wednesday refused to recuse himself from cases related to the January 6, 2021, riot at the Capitol or the 2020 election. Alito said in a letter to lawmakers that he didn’t know that his wife had raised an upside-down flag in the days before…

I recently did a webinar on Medicare basics for over 600 consumers. During the Q&A session, I realized why Medicare is so confusing. The first question I was asked, “When are the seven months I have to enroll in Medicare?” highlights the reason. You would think there should be one enrollment period for everyone, right? There was back when Medicare started. By 1966, one year after Medicare became official, 19 million people had enrolled. (Just a comment about that. Even with all the computers and automation, could you imagine the scene in today’s world if Social Security had to process…

Owning a home is an expensive challenge for Gen Zers and millennials. Renting remains the more affordable option, but in some cases, renting can be just as expensive. On average, Gen Zers spend 30% of their income on a mortgage if they bought a home between the ages of 22 to 29, a RentCafe study found. Millennials spent even more on homeownership before the age of 30, at 36% of their income.Renting, on the other hand, is slightly cheaper for both Gen Z and millennials as both generations spend about 27% of their income on rent. Millennials that bought homes…

A majority of Americans feel financial regret as personal debt soars to new highs, a recent survey said.    Roughly 78% said they had a financial regret, with 21% saying they most lamented “charging up too much credit card debt,” according to the Debt.com survey.  Millennials regret their credit debt the most, and 45% said they feel guilty about “charging too much on their credit cards.” Baby boomers were the least concerned, with only 10% feeling regret over credit card debt despite having the most of it. Nearly 24% of baby boomers have $30,000 to $50,000 in credit card debt.  Moreover, 49% of…

For many people, retirement planning is all about money: how to invest, how much to save, when to claim Social Security, how to best withdraw from accounts.Finances in retirement are an acute fear. About 2 in 3 people worry more about running out of money than about death, according to a recent poll by Allianz Life.Yet, there’s a notable lack of attention and concern given to the social aspect of retirement, experts said.It’s a facet of retirement planning that’s almost “hidden in plain sight,” said Robert Waldinger, a clinical professor of psychiatry at Harvard Medical School.Waldinger is the fourth director…

Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Abercrombie’s profit during the period was nearly seven times compared to the year-ago period and came in ahead of Wall Street’s estimates. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. American Airlines — The travel stock sank…

Rest easy, America: Subway’s footlong cookie is back. Following a four-month long disappearance, Subway announced Wednesday the “triumphant return” of the oversized chocolate chip cookie, which was pulled from many restaurants less than two weeks after its January debut because of massive demand. The giant cookie was part of Subway’s new Sidekick lineup, a key part to Subway’s turnaround plans, which also includes a number of other changes to its menus as part of its efforts to keep up with rivals. The lineup also consists of a Cinnabon churro and a soft pretzel from Auntie Anne’s, both of which remained…

Last updated: May 29, 2024 12:56 EDT | 4 min read Crypto’s savviest presale magpies are snapping up crypto’s greatest multichain good boy Cosmo, aka Dogeverse ($DOGEVERSE) ahead of the conclusion of his presale on June 3, 10AM UTC.$DOGEVERSE has already taken in well over $15 million towards its $17 million presale target.Crypto’s latest Shiba Inu-inspired meme coin has pricked the ears of meme fans, degens, DeFi heads and general crypto evangelists alike, who see the token’s hyper-jumping cross-chain capabilities as a hint of tomorrow’s meme coin utility.Currently on sale at $0.00031, this is $DOGEVERSE’s last fixed price before launch.…