Investing News

Mortgage rates again moved a notable increment lower Tuesday, resulting in an almost two-tenths of a point drop so far in October’s 30-year average. Now sitting in high 6% territory, it was just a week ago that the flagship average recorded a 20-year high in the mid-7% range. Today’s National Mortgage Rate Averages Rates on

It’s not just higher mortgage payments: Increases to the target range for the federal funds rate by the Federal Open Market Committee (FOMC) could mean the U.S. will pay as much as $1 trillion more this decade on interest payments for the national debt, according to the Peter G. Peterson Foundation. With inflation at its

Twitter (TWTR) shares jumped over 22% yesterday and are flat in pre-market trading after Elon Musk revived his deal to buy the company at the original price. In an amended regulatory filing by Twitter, the company said Musk has agreed to move forward with his $44 billion deal or $54.20 per share. The Twitter filing included a letter from

The Consolidated Appropriations Act, 2021 (CAA), signed into law by President Donald Trump on Dec. 27, 2020, included new funding for the Paycheck Protection Program (PPP), which expired Aug. 8, 2020. The PPP was a U.S. loan program established to help small businesses affected by the economic slowdown associated with the COVID pandemic to pay

Value-at-risk (VaR) is a widely used measure of downside investment risk for a single investment or a portfolio of investments. VaR gives the minimum loss in value or percentage on a portfolio or asset over a specific period of time for a certain level of confidence. The confidence level is often chosen so as to give an

Editor’s note: Below you’ll find the week 108 release of the NYC Recovery Index, originally published September 27, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery suffered a small setback for the week ended September 17, 2022, with the overall index score declining to 75 out of

Stock market or equity indexes are composite measurements reflecting price movements of component stocks. Investors use indexes as a benchmark to gauge portfolio performance and as a barometer for overall market sentiment. When stock indexes trend upward, it reflects a bull market but when they trend lower, it signifies a bear market. In the United States,

Fiat vs. Representative Money: An Overview Fiat money is physical money—both paper money and coins—while representative money is a form of currency that represents the intent to pay, such as a check. Both fiat and representative money are backed by something. Without any backing, they would be completely worthless. Fiat money is backed by a

Almost every overseas traveler needs to exchange currency at some point during a trip. If you don’t know the tricks, it can be extremely expensive. Trading currency at the hotel or even a currency kiosk in an airport or elsewhere in the country can be costly due to poor exchange rates and high fees. For

ACH Transfers vs. Wire Transfers: An Overview Electronic payments are becoming increasingly popular as more people choose to pay bills or send money online because doing so has become more convenient, easy, and cheap. Two of the easiest ways to send money directly from a bank account are automated clearing house (ACH) transfers and wire

Derivatives offer investors a powerful way to participate in the price action of an underlying security. Investors who trade in these financial instruments seek to transfer certain risks associated with the underlying security to another party. Let’s look at five derivative contracts and see how they might enhance your annual returns. Key Takeaways Five of the more popular derivatives are options,

Barry Sternlicht, CEO, Starwood Capital Group  Scott Mlyn | CNBC The Federal Reserve’s aggressive rate hike path – an attempt to calm the highest inflation in decades – is set to cause damage to the global economy if the central bank keeps going, according to billionaire Barry Sternlicht. “They are going to cause unbelievable calamities

If you’re eligible for Social Security spousal benefits, how much you’ll receive depends on a number of factors, including your age, the amount of your spouse’s benefit, and whether you have other retirement benefits available to you. Who’s eligible? Anyone whose spouse, ex-spouse, or deceased spouse was or is eligible for benefits, once you have

Gifting your children or grandchildren with contributions to an individual retirement account (IRA) can give them the advantage of a longer period of tax-free savings. It is definitely a gift that keeps on giving. An IRA is a tax-deferred retirement savings account. It is similar to the employer-sponsored 401(k) plan because it also allows funds to

Barry Sternlicht, CEO, Starwood Capital Group  Scott Mlyn | CNBC The Federal Reserve’s aggressive rate hike path – an attempt to calm the highest inflation in decades – is set to cause damage to the global economy if the central bank keeps going, according to billionaire Barry Sternlicht. “They are going to cause unbelievable calamities

Best Buy (BBY) is a consumer electronics retail chain with more than 1,000 locations and approximately 100,000 employees located throughout the United States and Canada. Best Buy provides a variety of products to commercial, government, and private clients including appliances, computers, cell phones, gaming systems, sound systems, hardware, software, and entertainment products. In addition to

Pixelseffect | E+ | Getty Images Offices are busier now than they’ve been at any point since Covid first sent employees home in March 2020. But companies are still in the thick of adapting to a more distributed workforce, creating an opportunity for workplace technology companies like Condeco and iOffice + SpaceIQ. The two companies

Day trading involves buying and selling (or first short selling and then buying back) an instrument with an aim at making a quick profit. The holding duration may vary from a few seconds to a few hours but not exceed the span of a trading day. For example, a speculative trader may spot a technical

From 2009 to the late 2010s, Bitcoin’s lack of correlation with the broader economy proved a mixed blessing. It acted as a haven for investors interested in an asset class independent of the turmoil that afflicts stock markets. However, increased and growing awareness from retail and institutional investors since 2017 has created what appears to

TD Ameritrade and E*TRADE are both very large brokerage firms that have been in the online trading business from its early days. E*TRADE was formed in 1982 as an online broker, while TD Ameritrade was founded in 1975 and began online brokerage operations in 1994. Both companies offer commission free stock and ETF trading, and