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
James Caan visits his old prison mate Willie Nelson in a scene from the United Artist movie “Thief”, … [+] circa 1981. (Photo by Michael Ochs Archives/Getty Images) Getty Images Consumer scams are like gremlins. They just keep morphing into something else. A relatively new scam involves swindlers posing as representatives of the Consumer Financial… More
Filling taxes online concept. Vector of people filling tax form documents using internet servicesgetty The amounts exempt from federal estate and gift taxes are adjusted for inflation each year. The IRS has come out with the exemption amounts for 2023. Gift and Estate Tax Exemption: The amount you can give during your lifetime, or at… More
Texas regulators are gunning for FTX. getty Texas is trying to add requirements to the FTX acquisition of assets from Voyager Digital, which is operating under federal bankruptcy court protection, claiming both cryptocurrency exchanges are not complying with state laws. Documents filed in the bankruptcy case on Friday also revealed that FTX and its principals,… 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
US President Joe Biden announces student loan relief on August 24, 2022, in the Roosevelt Room of … [+] the White House in Washington, DC. – Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across… 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
MANHATTAN, NEW YORK, UNITED STATES – 2019/11/14: Immigration Court building entrance at 26 Federal … [+] Plaza in New York. (Photo by Erik McGregor/LightRocket via Getty Images)LightRocket via Getty Images An appeal of a Tax Court decision by a taxpayer who was found by the Tax Court to owe $90.86 should have an interesting story… 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
By Richard Eisenberg, Next Avenue getty Sharon Greenfelt Kersten, a 70-year-old publicist, loved the $1,900-a-month Fort Lauderdale, Florida, two-bedroom rental house where she lived and worked. But in November 2021, her landlord told her he planned to raise the rent by roughly 40%, to $2,800 monthly. “I absolutely could not afford that,” says Kersten. So,… More
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