Surging home prices and mortgage rates are paining home buyers. Housing starts are falling and mortgage cancellations are rising. Ring up another piece of bad news for the housing market, as roaring home prices and mortgage rates continue to hammer the sector. Mortgage applications dropped a seasonally-adjusted 2.3% in the week ended Aug. 12 from… Continue reading Housing Slump Apace: Mortgage Applications Drop
Taking Social Security? Retirees May Get a Big Bump Up in 2023.
Thanks to sharp inflation, U.S Social Security recipients should be getting a big raise in 2023. According to the Senior Citizens League, which regularly tracks Social Security cost-of-living adjustments, next year’s figure will likely come in at 9.6%. The league estimates the increase should average $159 a month, a substantial funding increase for Social Security… Continue reading Taking Social Security? Retirees May Get a Big Bump Up in 2023.
Credit-Score Errors Hit Consumers; Here’s How to Lift, Fix Your Score
Americans seem to have a love-hate relationship with their credit scores. They love it when the system hums on all cylinders and hate it when credit-scoring models ding them unfairly. Why? Because a lower credit score leads to higher interest rates on approved credit and outright rejections from creditors on major household financial initiatives like mortgages,… Continue reading Credit-Score Errors Hit Consumers; Here’s How to Lift, Fix Your Score
Save $100 on Apple’s Brand New MacBook Air
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Amazon and B&H Photo are each taking $100 off the entry-level MacBook Air in Starlight, bringing it to the lowest price we’ve seen at $1,099. And it’s one of the… Continue reading Save $100 on Apple’s Brand New MacBook Air
Investors aren’t ‘apocalyptically’ bearish anymore
Investors betting inflation has peaked and interest rate shocks are about to come to an end, Bank of America survey shows Author of the article: Bloomberg News Sagarika Jaisinghani A trader works on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files Investors are pulling back from their record pessimism about… Continue reading Investors aren’t ‘apocalyptically’ bearish anymore
Stock Market Today: Dow Reclaims 34K as Walmart, Home Depot Stocks Soar | Kiplinger
Stock Market Today Both retailers reported higher-than-expected earnings and revenue in Q2 and reiterated their full-year forecasts.Stocks started Tuesday on shaky ground before muscling higher thanks to a pair of well-received earnings reports from retail giants. Walmart (WMT) stock jumped 5.1% after the mega-retailer reported higher-than-expected earnings and revenue for its second quarter. The company… Continue reading Stock Market Today: Dow Reclaims 34K as Walmart, Home Depot Stocks Soar | Kiplinger
Inflation Reduction Act a Blessing in Disguise for Drug Stocks? | Kiplinger
investing Coming limits on drug pricing may not be bad news for drug makers after all.At first glance, the measures to curb drug price increases in the Inflation Reduction Act seem like negatives for pharma and biotech stocks. If passed, as expected, Medicare would be allowed to negotiate the price it pays for a limited… Continue reading Inflation Reduction Act a Blessing in Disguise for Drug Stocks? | Kiplinger
US trade mixed after volatile session amid strong retail earnings and conflicting economic data
US stocks ended mixed on Tuesday after strong earnings from Walmart and Home Depot. US housing starts slipped, while industrial production rose, and the New York Fed’s manufacturing gauge eased. Oil slipped as positive signals from Iran nuclear talks raised the prospect of a supply boost. Loading Something is loading. US stocks closed a volatile… Continue reading US trade mixed after volatile session amid strong retail earnings and conflicting economic data
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