With back-to-school season right around the corner, many parents are contemplating whether to send their children back to school or keep them at home due to the health risks of the coronavirus pandemic. And for parents who choose to keep...
Home sales soared in July, continuing a stunning rebound buoyed in part by buyers seeking a more comfortable home in the midst of the coronavirus pandemic. Home sales jumped 24.7% from the month before, according to the National Association of...
As undergraduates get ready to go back to school, any number of circumstances could set the best laid plans into a tailspin. However, if a student must withdraw from college due to Covid-19, getting any sort of tuition refund or...
With mortgage rates still at historic lows, it may seem like a good time to refinance. Starting September 1, however, the cost of refinancing a mortgage is going up due to economic risks associated with Covid-19. Both Freddie Mac and...
Average retirement savings account balances rose in the second quarter despite pandemic fears, according to Fidelity Investments. The increase in retirement nest eggs — mainly in 401(k) accounts and IRAs — occurred due to gains by the stock market and...
The age-old question: are financial advisors worth it? Deciding whether to get a financial advisor or manage your own investments is a big decision. Not everyone needs an ongoing relationship with a financial planner or investment advisor. But many investors...
Treasury announces quarterly refunding of longer-term debt Nominal coupon issuance to climb $132 billion over quarter The U.S. government will push its fundraising to new extremes this quarter to cope with a budget deficit unseen since the country mobilized to...
A broad measure of layoffs likely continued to hover just below 1.5 million last week, economists say, highlighting a labor market recovery that has lost steam as many states pause or reverse reopenings amid COVID-19 spikes. Economists surveyed by Bloomberg...
Many people found they lacked a safe, reliable source of cash when investors became concerned about the coronavirus pandemic in March. Markets were falling. Businesses were closing. A credit crunch was spreading through the markets and the economy. The only...
Mortgage applications to purchase a home were 2% lower last week than the previous week but a strong 21% higher annually. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 3.20%. However, the...
The Market Whipsaw As we keep saying, these are unprecedented times. Q1 was the worst first quarter we’ve participated in since the Great Financial Crisis in 2008, followed by the best Q2 since 1987. The S&P 500 and the Dow...
‘The investing challenge may well shift in the months ahead from riding an exceptional wave of liquidity, which lifted virtually all asset prices, to steering through a general correction in prices and complex individual nonpayments.’ That’s Mohamed El-Erian, Allianz’s chief...
Interviews reveal benefit ranges from perk to necessity Policy makers at odds about extending weekly unemployment aid In about two weeks millions of Americans could lose a crucial economic lifeline of this pandemic: $600 a week in extra federal unemployment...
July 15 is the new April 15 for those who still have not filed a tax return. The traditional April income tax deadline was extended this year for 2019 tax returns, due to the upheaval created by COVID-19. The one-time...
As the economic fallout from the coronavirus pandemic continues, almost one-third of U.S. households, 32%, have not made their full housing payments for July yet, according to a survey by Apartment List, an online rental platform. About 19% of Americans...
