Interest rate normalization is causing the cost of debt to go up — and likely stay up Homes for sale in East Gwillimbury, Ont. Photo by Cole Burston/Bloomberg files Mortgage interest rates have spiked in 2022, in some cases more than tripling from the lows of 2021. Five-year fixed and variable rates were in the… Continue reading Why it’s time for borrowers to accept the new normal of higher rates and plan accordingly
Jeff Bezos says you may want to rethink your shopping — here’s 3 better recession-proof buys
Amazon founder and executive chairman Jeff Bezos is sounding the alarm. In an interview with CNN, Bezos says that the economy “does not look good right now.” “Things are slowing down. You’re seeing layoffs in many many sectors of the economy.” And that means you might want to tighten up your budget. “If you’re an… Continue reading Jeff Bezos says you may want to rethink your shopping — here’s 3 better recession-proof buys
Stock Market Today: S&P 500, Nasdaq Close Lower for a Second Straight Day
Stocks opened higher Tuesday after China’s National Health Commission said it would increase COVID-19 vaccinations in seniors after widespread protests broke out over the weekend in response to the country’s zero-COVID policies. Also boosting stocks in early action was the latest S&P CoreLogic Case-Shiller National Home Price Index, which showed home prices fell for a… Continue reading Stock Market Today: S&P 500, Nasdaq Close Lower for a Second Straight Day
These Pricey Short-term, High-yield Bond Funds Are Worth It
The credit markets are so vast that notwithstanding the bloody numbers for 2022, I figure someone, somehow, somewhere must be breaking even or in the plus column managing fixed-income funds. And I found such a guy. Fittingly, David Sherman shares the name of the legendary World War II tank, for he is in the vanguard… Continue reading These Pricey Short-term, High-yield Bond Funds Are Worth It
Home Prices Decline Once Again: What the Experts Are Saying
Home prices declined for a third straight month in September amid a rapidly cooling housing market. The longest streak of monthly declines in a decade comes courtesy of a surge in mortgage rates, which have been fostered by the Federal Reserve in order to halt inflationary pressures across the economy. For the record, the S&P… Continue reading Home Prices Decline Once Again: What the Experts Are Saying
Walmart, BNPL Were Black Friday’s Big Winners
It’s been several days since Black Friday and just hours past Cyber Monday. The consensus for retailers is that it was a good, if not great, start to the end-of-the-year holiday shopping season that culminates on Christmas Eve. The big picture included a record $9.12 billion in online sales on Black Friday, 2.3% higher than… Continue reading Walmart, BNPL Were Black Friday’s Big Winners
9 Hot Upcoming IPOs to Watch for in 2023
The initial public offering (IPO) market has come to a virtual standstill after a boffo 2021. But we might start to see signs of life again in the coming months, with investors preparing for some of the most anticipated upcoming IPOs of 2023 to hit the market. In 2021, the activity was the highest since… Continue reading 9 Hot Upcoming IPOs to Watch for in 2023
How one woman started a thriving business from behind bars
Don’t miss: You could save hundreds — or possibly thousands — in interest by improving your credit score. Check it for free today Life is expensive. Skip saving and go straight to earning cash when you buy gas, dinner, gifts and more. Get the free app app Good credit is important for your financial health,… Continue reading How one woman started a thriving business from behind bars
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