Investing News

A dramatic jump in rates Monday has taken all mortgage averages notably higher. The 30-year average added a bold quarter percentage point, returning to 6% territory and hitting its highest mark in almost two and a half months. Today’s National Mortgage Rate Averages Rates on 30-year mortgages bolted higher Monday, climbing 25 basis points to

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20%

Whether you’ve done it before or not, the challenge of buying a home can be incredibly daunting. It’s tempting to either just go with the first place that falls in your price range or continue to rent. To help you demystify the process and get the most out of this purchase, let’s examine what you’ll

Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Markets are expected to remain volatile for the remainder of the year or at least until inflation shows some sign of stabilizing without jeopardizing economic growth. Indeed, stocks sold

The Golden (Nest) Egg What is the size of the average retirement nest egg? It depends on what you mean by “average.” A 2019 analysis of more than 30 million retirement accounts by Fidelity Investments found that the average balance in corporate-sponsored 401(k) plans at the beginning of 2019 was $103,700. For traditional, Roth, and

Cars are indispensable for most of us who don’t live in New York City. While it’s common knowledge that car expenses traditionally rival only dwelling expenses in the standard household budget, is it true that cars have gotten correspondingly more expensive over the years? Henry Ford achieved business immortality by democratizing the car. Of his

President Joe Biden campaigned on an economic platform to shore up the middle class, extend health care, raise taxes on the wealthy, and invest trillions of dollars in green energy infrastructure, among other issues. On March 11, 2021, Biden won his first major economic victory when he signed the American Rescue Plan Act of 2021

When you change jobs, you generally have four options for your 401(k) plan. One of the best options is doing a 401(k) rollover to an individual retirement account (IRA). The other options include cashing it out—and pay taxes and a withdrawal penalty, leave it where it is—if your ex-employer allows this, or transfer it into

Today, President Biden announced his long-awaited plan to forgive up to $10,000 in federal student loans for millions of borrowers. The President also further extended the pause on federal student loan payments, interest, and collections until the end of the year. Key Takeaways Borrowers will be able to get up to $10,000 in federal student

Work in Process vs. Work in Progress: An Overview Work in progress describes the costs of unfinished goods that remain in the manufacturing process, while work in process refers to materials that are turned into goods within a short period. The terms work in progress and work in process are used interchangeably to refer to

In this article AMC AMC Entertainment has embarked on a meme-friendly experiment to give a token reward to its retail investor base while also creating a backdoor way to raise more cash down the line. The theater chain’s new preferred share class — called “APE” units — begin trading on Monday after being distributed to

The basic financial skills American adults need in order to succeed in life aren’t often taught in a classroom. For many people, there are no lesson plans and no standards for minimum financial literacy. They are just sent out into a world overflowing with opportunities to get into debt. At best, their financial sensibilities may

In this article HD WMT IONQ Scott Mlyn | CNBC Uncertainty was a key theme in the past week as the summer rally seemed to run out of steam. As tempting as it is to follow the day-to-day movements of the market, investors would be better served to think long term and pick their stocks

Although the Great Recession is behind us, many Americans struggle to make ends meet. Being employed isn’t enough in today’s economy as more workers need skills to earn a living wage. The middle class in the United States makes up approximately 52% of the population, which is down from 61% in 1970, according to the

In this article MASI Dobrila Vignjevic | E+ | Getty Images Company: Masimo (MASI) Business: Masimo is a global medical technology company that develops, manufactures and markets a variety of noninvasive monitoring technologies and hospital automation solutions. Their core business is measure-through-motion and low perfusion pulse oximetry. They sell highly technical pulse oximeter devices to

In classical economics, no concept is more important than that of utility. The theory of utility is that every transaction we make in the marketplace is an attempt to maximize our satisfaction, however we choose to define that. While utility is at the top of the list, convenience isn’t far behind. A company that makes

Rates on most mortgage types moved moderately lower Thursday, with the 30-year average easing off the four-week high it hit Wednesday. The exception was Jumbo rates, with all Jumbo averages rising Thursday. Today’s National Mortgage Rate Averages After climbing almost three-tenths of a point Wednesday, 30-year mortgage rates dropped seven basis points Thursday, lowering the

In this article BBBY Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm

(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half

Traders play a very important role in the investment and financial industries. They are generally in charge of executing both buy and sell orders and transactions for themselves or, if they work for an investment firm, for their clients. Because they often deal with high volumes when they trade, they normally provide a great deal