There's a storm of private and public debt troubles that's headed for the market. Warning signs have sprung up in rising credit card balances, delinquencies, and other indicators. Here are the signs that the US is dealing with troubles stemming...
It’s crunch time, with only a few weeks remaining before student loan repayments resume. Starting Sept. 1, interest will begin accruing again on those balances, followed by the first debt repayments in October. While those are the most important dates...
Americans think they'll need to save $1.8 million for a comfortable retirement, according to a new survey. But for many of them, that’s just a shot-in-the-dark guess. Many have no idea how much they should save or how to invest...
If you want to attend college but aren't sure you can afford it, you should immediately complete the Free Application for Federal Student Aid (FAFSA). The application doesn't cost money and can open up new sources of funding to help...
S&P 500 declines amid calls about near-term pullback US 30-year bond yield rises to highest level since November The rally that drove the stock market up almost 30% from its October lows took a little break at the start of...
Pay taxes now or later is often a consideration when people decide how to save for retirement, but Congress decided the only option for some older Americans should be now for certain retirement accounts. Secure Act 2.0, passed last December,...
Market Review In 2023 thus far, the stock market has been on an upward trajectory, with the S&P 500 increasing by 16.9%, the NASDAQ increasing by an impressive 39.4% (marking its best start to the year in 40 years), and...
Investors are fascinated with meme stocks again as they hunt through lower-quality names searching for returns. And in the process they’re raising a “red flag” for the S&P 500 Index. When some of the most heavily-shorted stocks in the market...
There are only a few short months before student loan payments resume, but no need to panic. Borrowers have a lot of options to minimize the impact on their budgets. The Supreme Court struck down President Joe Biden’s student debt...
Home affordability took another hit this week as mortgage rates neared 7%, forcing many buyers to stick to the sidelines. The rate on the 30-year fixed mortgage increased to 6.81% from 6.71% the week prior, according to Freddie Mac, the...
The Federal Reserve ended its streak of 10 consecutive interest rate hikes on Wednesday and decided to keep rates steady. Even so, consumers may not feel celebratory as they reel from the earlier aggressive rate increases. Any pause should be...
I bonds are no longer the darling of investors now that the Federal Reserve has raised interest rates 10 times in a row to cool inflation. Interest rates on I bonds, which are set twice a year on May 1...
Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) revealed headline...
The latest warning to Congress came before another meeting on Tuesday between President Biden and Speaker Kevin McCarthy to resolve the debt ceiling crisis. Treasury Secretary Janet L. Yellen reiterated on Monday that the United States could run out of...
Debt-ceiling negotiators appear to be making progress on two wonky topics that could be crucial to a final deal even as the House Speaker said the two sides are still far apart. The glimmers of possible compromise in the weeks...
