Recent developments haven’t been good on the mortgage front. First came the news that mortgage applications fell 5% in the week ended April 15 from a week earlier, according to the Mortgage Bankers Association. And now comes the news that the average rate for 30-year fixed mortgages rose to 5.11% in the week ended April 21,… Continue reading Housing Crunch: Mortgage Rates Surpass 5% to Highest Level in 11 Years
Did You Miss the Tax Deadline? 3 Steps You Can Take Next
What To Do if You Missed the Tax DeadlineThe tax deadline has come and gone unless, of course, you filed a tax extension. If you missed the tax deadline and didn’t file your taxes or an extension, here are a few steps you can take to get your taxes done. Our TurboTax Live experts look… Continue reading Did You Miss the Tax Deadline? 3 Steps You Can Take Next
AIMCo delivers record 14.7% gain in 2021 as it rebounds from volatility scheme losses
Crown corporation beat its aggregate benchmark of 8% with a record annual ‘value-add’ of $7.7 billion Evan Siddall took over as AIMCo’s chief executive in July. Photo by Brent Lewin/Bloomberg files Alberta Investment Management Corporation (AIMCo) has bounced back from a $2-billion loss on a volatility trading scheme in 2020, posting the strongest net return… Continue reading AIMCo delivers record 14.7% gain in 2021 as it rebounds from volatility scheme losses
Bill Ackman dumps Netflix after losing more than $430 million
Netflix shares tumbled 35% yesterday, making it the worst performer in the S&P 500 this year Author of the article: Bloomberg News Scott Deveau and Christopher Palmeri Bill Ackman became one of Netflix’s 20 largest holders this year, buying after the stock had already begun to dip over concerns about its subscriber base. Photo by… Continue reading Bill Ackman dumps Netflix after losing more than $430 million
Stock Market Today: Rate-Hike Rumblings Rattle the Stock Market | Kiplinger
Stock Market Today Powell commentary made a 50-basis-point interest-rate increase in May appear even more certain, throwing stocks for a loop Thursday.Stocks flipped sharply from green to red Thursday as interest-rate fears swelled again across Wall Street. Federal Reserve Chair Jerome Powell sent the latest signal that the central bank’s next rate hike might be… Continue reading Stock Market Today: Rate-Hike Rumblings Rattle the Stock Market | Kiplinger
9 New ETFs for Investors to Unwrap | Kiplinger
The U.S. exchange-traded fund (ETF) industry had quite a year in 2021 – due in part to the 445 new ETFs that launched, 44% more than did in 2020. U.S. ETFs ended the year with record assets of $7.21 trillion, 31.9% higher 2020. Net inflows of $919.8 billion also hit a record in 2021, more… Continue reading 9 New ETFs for Investors to Unwrap | Kiplinger
Buying Twitter could personally cost Elon Musk $1 billion in interest a year
Elon Musk’s bid for Twitter got more serious on Thursday after the billionaire made a new SEC filing.The filing showed that Musk has received commitment letters from several banks to fund his proposed takeover of the social media company.Musk could be on the hook for $1 billion in annual interest payments if he succeeds in… Continue reading Buying Twitter could personally cost Elon Musk $1 billion in interest a year
US stocks reverse sharply lower after Fed Chair Powell signals a half-point rate hike is possible next month
US stocks turned sharply lower Thursday after hawkish comments from the Federal Reserve. Chairman Jerome Powell said a 50-basis-point rate hike could be coming in May. The yield on the 10-year Treasury jumped as much as 9 basis points before paring gains. Loading Something is loading. US stocks reversed sharply lower Thursday and Treasury yields… Continue reading US stocks reverse sharply lower after Fed Chair Powell signals a half-point rate hike is possible next month
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