Nov. 17. (AP Photo/Nam Y. Huh)Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applications also down 46% over the same period. It comes off the back of rapidly rising rates, which have made mortgages hundreds of dollars more expensive… More
Pipe cofounder and CEO Harry Hurst made the surprise decision to resign less than four years after starting the company. Pipe Three cofounders of fintech lending startup Pipe, valued at $2 billion in a funding round last year, are stepping down from the Miami company. The departing executives include co-CEO Harry Hurst, 33; co-CEO Josh… More
Empty fuel warning light in car dashboard. Fuel pump icon. gasoline gauge dash board in car with … [+] digital warning sign of run out of fuel turn on. Low level of fuel show on speedometer dashboardgetty 26 days. That’s how much diesel America has in its collective tank. Imagine that: a fuel that powers… More
Fed Chair Jerome Powell at news conference following FOMC meeting, Nov. 2. (AP Photo/Patrick … [+] Semansky)Copyright 2022 The Associated Press. All rights reserved. Fed Chair Powell confirmed the market’s expectations of a 4% Fed Funds rate with more to come. The news launched the usual negative media reports, and a short-lived stock market decline.… More
Sometimes you need somewhere to park your cash for a year or less. Perhaps you’re saving your money for a house, a wedding, or another financial goal. If you don’t want to tie your money up long-term, here are some of the best short-term investments right now. AUGUSTA, GEORGIA – APRIL 14: Tiger Woods (L)… More
Will Biometrics Be the Future of Payments? Tech companies Apple and Google, major influencers of consumer behavior, have done the heavy-lifting when it comes to biometrics acceptance. Their tech tools and ubiquitous smartphones have primed consumers to use their fingerprints or faces to access their devices. In addition, user IDs, PINs and passwords have become… More
Topline Fed officials on Thursday reiterated calls for aggressive policy to combat stubbornly high inflation—fueling expectations for bigger rate hikes amid a stock-market selloff that’s seen major indexes hit new lows for the year—and some analysts project that the losses could only deepen. Morgan Stanley’s bear case scenario? Another 18% plunge.getty Key Facts Real interest… More
residential power distribution with safety equipment per local codegetty The Utilities Sector Select Sector SPDR Fund is having a tough September after the Fed began the interest rate hikes. The fund hit its high price of the year early in the month up there above 77 and has now descended to 68 in about 2… More
|Getty Images Key Takeaways Leaving cryptocurrency and the metaverse out of your portfolio entirely could mean missing out on two of the largest potential growth markets of a generation. A snapshot look at META, U, MSFT, RIOT, SQ, NVDA and Q.ai’s bitcoin breakout kit. Cryptocurrency and the metaverse are new and unproven markets, meaning riskier… More
Ramp Cofounders Karim Atiyeh (left) and Eric Glyman (right) founded the corporate credit card startup just three years ago and launched it right as the pandemic started to spread across America.Ramp and Romina Hendlin Three-year-old fintech Ramp is the latest startup aiming to cash in on the buy now pay later boom—adding a similar service… More
Pay less attention to stock prices and more to what your portfolio companies are earning. Warren Buffett, chairman and chief executive of Berkshire Hathaway (Photo by Chip Somodevilla)Getty Images Is the bear market about to resume? Maybe. But even if it doesn’t, there will be a big correction at some point and then another and… More
Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like “an absolute… More
Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP Over the last 50 years, seasonality and relative strength have proven valuable in successful portfolio management. Seasonality is very effective with most stocks. For example, Archer Daniels Midland ADM has risen 80% of the time over the last 42 years from August through December. Holding the stock… More
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year but could cool by later in 2022 thanks… More
Beware of the Bear? Photo credit: Shutterstock. Although the market saw a brief recovery, it now seems the decline has resumed and we may well reach the 20 percent bear market threshold for the S&P 500. But if we do get to an official bear market, how much lower can we go—and when will it… More
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