If you’re in your 50s and hear that the “average” net worth for people in your age group is over $1 million, you might be tempted to pop a bottle of champagne or stress about why you’re not feeling like...
Several Federal Reserve officials have signaled they’re open to cutting interest rates at a more deliberate pace next year as they grapple with the uncertainties of a Republican takeover in Washington, a pickup in productivity and slower improvement on inflation....
If you need help managing your money or you’re not sure whether you’re on track for a major life goal, a financial advisor can be an important ally. A financial advisor is a professional who helps you create and implement...
The highest 30-year US Treasury yield in almost six months attracted buyers on Monday, helping buoy bonds as investors assess how Donald Trump’s presidential victory may affect the economy and Federal Reserve’s policy. Yields on the longest-dated bonds hovered near...
Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as they anticipate potentially higher interest rates next year. The $23.5 billion in debt...
When it comes to deciding between using a bank or a credit union, there are several factors to consider — including safety. Credit unions have a reputation for being slightly safer than banks, but are they, really? Here’s what you...
The Federal Reserve and Chairman Jerome Powell have a lot riding on Tuesday’s election, even as the central bank has spent 2024 keeping as much distance as it can from politics. The next president is set to fill multiple open...
The highly anticipated 2024 US presidential election is here, with Vice President Kamala Harris and former President Donald Trump vying to become the next commander in chief. But how much would a Republican or Democratic victory impact market dynamics? Yahoo...
Since late 2022, mortgage rates have jumped to between 6% and 7% — and in fall 2023, they nearly eclipsed 8%, marking the highest 30-year mortgage rate seen in over two decades. Rates started to drop this summer in anticipation...
Treasuries are on track for their worst month in more than two years amid signs of economic strength, posturing for next week’s US presidential election and heavy supply of new notes and bonds. US government debt was briefly buoyed Tuesday...
U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home resales reinforced economists’ views that the slump in residential investment, which includes homebuilding,...
The Internal Revenue Service (IRS) on Tuesday announced its inflation adjustments to tax brackets and deductions for the 2025 tax year, potentially giving Americans a chance to increase their take-home pay next year. Each year, the IRS updates the federal...
Credit card debt is something many Americans know far too well. In fact, a recent Bankrate study found that 50 percent of people in the U.S. are carrying a credit card balance, and 58 percent of them don’t have a...
I recently came across this reflective Reddit post, where a 30-year-old shared his experiences following the inheritance of $2.5 million from his late father. I found this post interesting because it not only revealed the financial implications of his inheritance...
The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away. With Democratic Vice President Kamala Harris and Republican Donald Trump locked in a close race to win the Nov. 5 election, we...
