Watch: Kelley Keehn offers some tips on how to save this summer travel season Published Jun 18, 2023 • Last updated 4 days ago • < 1 minute read Pairing a planned budget with an experience can help you avoid overspending on a vacation this summer. Photo by Getty Images/iStockphoto Kelley Keehn, founder of Money Wise… Continue reading How to stay on budget when travelling this summer
FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?
Couple could retire with $60,000 income a year, but they need to think about the kind of lifestyle they want Published Jun 16, 2023 • Last updated 6 days ago • 4 minute read One thing to remember when retirement planning: people don’t want a retirement income; they want a retirement lifestyle. Photo by Chloe Cushman/Financial… Continue reading FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?
Stock Market Today: Markets Slide as Powell Warns of Higher Rates
Stocks closed lower Tuesday after Fed Chair Jerome Powell warned Congress that higher interest rates were needed to combat nagging inflation and bellwether FedEx (FDX) disappointed Wall Street with its 2024 profit outlook. In the first of two days of the Fed chief’s semi-annual testimony before Congress, Powell reiterated the central bank’s view that more… Continue reading Stock Market Today: Markets Slide as Powell Warns of Higher Rates
Homeowners now have less equity than a year ago, the first annual decline in a decade
The average US homeowner with a mortgage has less home equity now than 12 months ago. Equity per borrower slipped 1.9% from the same time last year, CoreLogic data shows. It’s the first annual decline in homeowner equity since 2012. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Homeowners now have less equity than a year ago, the first annual decline in a decade
The housing market is seeing its worst inventory shortage in over a decade as high rates trap homeowners and slow the spring homebuying rush
Active home listings dropped 7% in May to the lowest number Redfin has ever recorded going back to 2012. New listings, meanwhile, fell 25% year over year to 465,000 last month. That’s due to high mortgage rates, which have discouraged owners from selling their homes. Loading Something is loading. Thanks for signing up! Access your… Continue reading The housing market is seeing its worst inventory shortage in over a decade as high rates trap homeowners and slow the spring homebuying rush
Goldman Sachs: Despite slowing macroeconomic conditions, these 50 stocks are poised to increase their profitability faster than the rest of the market
The global profits recession that has been plaguing investors for months may finally be easing. In a recent report, Goldman Sachs identified 50 stocks expected to grow their profitability. The median stock should increase profitability by 13% over the next year, well above the S&P 500. For months, Wall Street analysts have pointed to a… Continue reading Goldman Sachs: Despite slowing macroeconomic conditions, these 50 stocks are poised to increase their profitability faster than the rest of the market
Markets guru David Rosenberg says the tech-stock frenzy reminds him of the dot-com bubble – and warns the US economy is barreling towards recession
David Rosenberg sees shades of the dot-com bubble in the fanfare around tech stocks and the economy. The veteran economist compares AI hype today to internet mania in the early 2000s. A recession appears to be a virtual certainty as the US economy runs out of steam, Rosenberg says. Loading Something is loading. Thanks for… Continue reading Markets guru David Rosenberg says the tech-stock frenzy reminds him of the dot-com bubble – and warns the US economy is barreling towards recession
Short sellers are betting more than $1 trillion against US stocks after big run
Total US short interest exceeded $1 trillion as of last Friday, S3 Partners data shows. The top five shorts are mega-cap tech stocks Tesla, Apple, Microsoft, Nvidia and Amazon. That comes after big stock market gains so far this year. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Short sellers are betting more than $1 trillion against US stocks after big run
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