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It’s bad enough that the Social Security Administration is not expected to pay a cost of living adjustment for benefits next year. But high-income retirees will also have to bear the brunt of rising Medicare Part B premiums in 2016. Here’s why: Under current law, the Social Security Administration has to keep Medicare Part B …

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Credit cards with EMV chips.

Businesses big and small are preparing for a major shift in their credit and debit card systems. Come Oct. 1, credit card issuers will shift responsibility for fraudulent transactions to merchants. The new cards are called EMV (Europay, Mastercard and Visa), and include a microchip intended to lessen fraud. “For small businesses, the move should also …

Top city for startups

Kate Rogers tells us why Austin, Texas has become a launching pad for small business.

Streaming video wars

The streaming video wars are heating up between some big players.

New labor regulations hit home builders

Home builders say a landmark ruling by the National Labor Relations Board could have a major impact on how they do business.

September market outlook

Does the worst August in three years on Wall Street shed any light on what September might hold for investors?

NBR-Thum

Tonight: A volatile month comes to a close. And, does the worst August in three years on Wall Street shed any light on what September might hold for investors?

Nightly Business Report — August 31, 2015

Tonight on Nightly Business Report, a volatile month comes to a close. And, does the worst August in three years on Wall Street shed any light on what September might hold for investors?

MARKET_FOCUS_LOGO

Today’s hot stocks: AAPL, CSCO, GOOGL, BMY & FDX.

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Boise, Idaho

Tired of spending all that money to keep your car running, gassed up and insured? Though these complaints are commonplace among drivers across the country, a new study has found that those living in states with fewer rural communities are likely to shell out more cash on auto-related costs. The research, released Monday by Bankrate, …

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When the desire to go to college exceeds your ability to pay for it, you need to get creative. For a growing number of students, that means asking others for help through crowdfunding. Educational funding is one of the most popular categories on the popular crowdfunding site GoFundMe. So far this year, about 130,000 educational …

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Target-date funds, designed to be an all-in-one portfolio for retirement investors, have had a mixed record during the recent wild swings of the market. In general, target-date fund families with larger allocations in fixed income investments compared to their peers fared better than those more focused on stocks recently, said Jeff Holt, a fund analyst …

Kate Spade
Kate Spade Lodero sneaker

With a name like “fashion footwear,” one would assume that high heels, sandals and espadrilles would always be in style. But as shoppers became more interested in finding the perfect pair of sneakers to go with their yoga pants, that didn’t exactly prove to be the case. Now, things are slowly starting to change. While …

Source: Rodeo Realty | Bruce Makowsky
Some say the $70 million Beverly Hills, Calif., mansion Minecraft founder Markus Persson bought is the ultimate bachelor pad.

Being rich isn’t all it’s cracked up to be, according to Minecraft billionaire Markus Persson. In a series of tweets over the weekend, the video-game designer bemoaned the loneliness, isolation and lack of motivation that large wealth can create. (Tweet this.) “The problem with getting everything is you run out of reasons to keep trying, …

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Even the best money managers and analysts can’t predict the markets with certainty, making it less likely that average investors can do the same. For that reason, financial advisors recommend taking a step back during times of financial gyrations to focus on the basics of financial planning, the better to protect your investment and retirement …