Discover the most recent articles in this category
U.S. long-term mortgage rates have dropped to their lowest point in over three years, with the 30-year fixed rate now at 6.06%. This decline is boosting homebuyer purchasing power and driving a surge in both refinancing and home purchase applications, offering a glimmer of hope for a struggling housing market.
Stocks dipped slightly on Monday in quiet, holiday-shortened trading, primarily led by a pullback in big tech. Despite the daily decline, major indexes are closing the year with substantial annual gains. Energy stocks climbed with oil prices, while precious metals pulled back, and Treasury yields fell amid expectations of future Fed rate cuts.
This article offers practical advice from budgeting expert Michela Allocca on managing holiday spending. Key tips include tracking purchases, starting a holiday savings fund, being intentional with gift-giving, and using cashback rewards for next year. It also features various curated gift guides.
U.S. stocks ended a five-day winning streak on Monday, dragged down by a sharp drop in Bitcoin and rising global bond yields, despite strong expectations for a Federal Reserve interest rate cut.
Wall Street concluded a volatile November with a five-day rally, driven by hopes for a Federal Reserve interest rate cut. While major tech stocks like Nvidia and Oracle saw significant losses, Alphabet surged on AI news, and investors shifted funds to pharma and travel sectors.
U.S. stocks surged on Friday, with the S&P 500, Dow, and Nasdaq all rising, after a Federal Reserve official hinted at potential interest rate cuts. This boosted market sentiment, easing some concerns over AI stock valuations and cryptocurrency volatility, despite ongoing disagreements within the Fed regarding future rate decisions.
The U.S. stock market experienced an early sharp decline on Friday, with high-flyers like Nvidia, Bitcoin, and gold swinging wildly, but quickly calmed. The S&P 500 recovered most of its initial 1.3% drop to finish down only 0.1%, largely due to a dramatic turnaround by AI giant Nvidia, which initially fell 3.4% before rallying 1.8%.
The U.S. stock market experienced extreme volatility on Friday, initially plummeting before recovering, largely driven by a dramatic turnaround from AI giant Nvidia. Concerns over high stock valuations and the Federal Reserve's interest rate decisions continue to create uncertainty.
Global stock markets, led by the S&P 500, Dow, and Nasdaq, soared to new all-time highs on Monday, propelled by optimism surrounding crucial US-China trade talks, an anticipated Federal Reserve interest rate cut, and upcoming major corporate earnings reports.
The Social Security Administration announced a 2.8% cost-of-living adjustment (COLA) for 2026, translating to an average monthly increase of over $56 for retirees. While set to benefit nearly 71 million recipients starting January, many seniors and advocacy groups argue the increase is insufficient to cover rising daily expenses amidst an 'affordability crisis,' reflecting moderating inflation but ongoing financial struggles.
