As prices increase and gross domestic product declines, many people worry about a potential economic downturn, also known as a recession. Consumer prices rose 8.2% from a year earlier in September while core prices, which exclude volatile food and energy...
Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to reverberate on Monday. Prices of digital currencies fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the world’s biggest cryptocurrency, has plummeted...
About 26 million people had already applied for relief, hoping to end years of student loan repayments. Such debt disproportionately affects people of color, who don’t have the levels of generational wealth of many of their white counterparts. Black college...
Market Update 2022 has been an odd year. Both stocks and bonds are negative year to date. Since 2000, the correlation between US equities and US Treasuries has been consistently negative (1), which means that when one has gone up,...
Higher interest rates make borrowing more expensive for shoppers and companies, cooling demand with the aim of curbing inflation. The Fed has raised rates five times this year. The central bank is expected to hike rates for a sixth time...
The Pandemic Housing Boom unleashed an “investor mania” unlike anything seen in the U.S. housing market since the aughts housing bubble. Average Joes poured into the market in hopes of building Airbnb empires. Institutional investors, like Blackstone-owned Home Partners of...
The federal government will allow you to save nearly 10% more for retirement in 2023. But it’s not likely that many will take advantage of the tax break. The simple reason: Most people don’t make enough money to save more...
The U.S. Federal Reserve will go for its fourth consecutive 75 basis point interest rate hike on Nov. 2, according to economists polled by Reuters, who said the central bank should not pause until inflation falls to around half its...
As prices increase and gross domestic product declines, many people worry about a potential economic downturn, also known as a recession. Consumer prices rose 8.3% from a year earlier in August while core prices, which exclude volatile food and energy...
The IRS released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the new year as less tax is withheld from their paychecks. Additionally, the agency released the standard deduction for...
The Fed's interest rate hike is supposed to give housing industry a "reset," yet brings uncertainy. Fed Chair Powell said in effort to cool "red-hot" housing market, it takes a "difficult correction." Expert: Housing inventory will remain tight in the...
The wealth gap widened substantially this year. That’s according to recent data published by the U.S. Federal Reserve. The Fed’s analysis of household wealth distribution indicates a sharp increase in consumer debt for nearly all Americans. However, the data also...
The firm will not be the last to come under pressure as economies wilt As interest rates rise and asset prices slump, investors are scrambling to identify the weakest links in the global financial system. Every bear market produces national...
Climbing mortgage rates have been dampening the red-hot pandemic housing market for a few months now. Sellers are slashing prices while buyers are sitting on the sidelines, home sales are falling through, contingencies are back, and bidding wars have become...
The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector...
