As home-financing costs have skyrocketed, cash is king once again. Nearly one in 10 new homes in the third quarter were purchased with cash, according to Census Bureau data—the largest share since 2014. A big reason: Home-financing costs have risen at a speed unseen in decades as the Federal Reserve has hiked interest rates in a bid to slow inflation.
Don't even think about retiring until you have these 3 things fully paid off — and your mortgage isn't one of them
Leaving these accounts open could tarnish your golden years.
The IRS has started sending out letters to approximately 9 million households that might have missed out on several pandemic-related tax refunds and stimulus checks, which may include the third round of stimulus payments that delivered $1,400 to individuals, $2,800 … Continue reading → The post Hit by Inflation? The IRS Has $1,400 Waiting For You appeared first on SmartAsset Blog.
- Motley Fool
By using publicly available online tools, it's possible to see what the biggest crypto whales are buying right now.
The founder of the bankrupt cryptocurrency exchange launched a media blitzkrieg to give his version of his downfall.
FTX founder Sam Bankman-Fried said documentation existed, despite John Ray bemoaning poor record keeping.
(Bloomberg) -- There’s a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank for International Settlements. Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapElon Musk’s Impossible Electric Truck Is Getting the Last LaughAmbitious Plans to Build Indonesia a Brand New Capital
- Business Insider
The Gemini crypto exchange run by the Winklevoss twins is owed $900 million following FTX's collapse, report says
Tyler and Cameron Winklevoss's Gemini is trying to get its customers' funds back from Genesis and DCG, the Financial Times reported.
- Motley Fool
These high-octane income stocks, with yields ranging from 7.7% to 8.4%, are begging to be bought by opportunistic investors.
- Motley Fool
Many would argue that searching for 100-baggers -- stocks that return $100 for every $1 invested -- is as likely as winning the lottery. That exorbitant price tag has wreaked havoc with the company's financials -- especially its profitability.
- Insider Monkey
In this article, we will discuss the 12 best undervalued energy stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Undervalued Energy Stocks to Buy. 2022 has been the year for energy stocks. While all sectors of the economy fluctuated, the energy sector remained relatively […]
Even the Winklevoss twins aren’t immune to the crypto crisis, with $900M of their customers’ money frozen in wake of FTX collapse
The brothers’ Gemini exchange has hired lawyers and formed a creditors committee to try to recoup funds from Genesis which froze withdrawals last month.
- Motley Fool
Amazon looks attractive right now. But the Oracle of Omaha hasn't even taken a nibble -- so far.
Elon Musk's group and its Chinese rivals are often among the choices of investors betting on electric vehicles.
After a punishing 2022, it may be time to bet on bonds backed by the U.S. government, particularly if a recession hits, according to Truist Advisory Services.
- Associated Press
Hertz says it will pay approximately $168 million by the end of the year to settle the majority of the lawsuits brought against the rental car company by some of its customers who were wrongly accused of stealing cars they had rented. In April Hertz CEO Stephen Scherr, who took over the role in February, said that he was working to fix a glitch in the company's systems that led to the incidents. Hertz Global Holdings Inc. said Monday that the settlement of 364 pending claims related to vehicle theft reporting would bring resolution to more than 95% of the pending theft reporting claims.
With the price of food continuing to rise, at least consumers are seeing relief in one spending category: The price of used cars is dropping in line with rising interest rates and decreased consumer...
- American City Business Journals
Mark Nelson is stepping down as the CEO of Tableau Software less than two years after replacing Adam Selipsky.
Investors have proposed shareholder resolutions at two U.S. railroads calling for paid sick leave for workers, an issue that nearly caused a national rail strike, and they could go to an advisory vote at shareholder meetings in the spring. On Friday President Joe Biden signed legislation to block a rail shutdown that could have devastated the American economy.
(Bloomberg) -- Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.Most Read from BloombergChina’s Covid Pivot Accelerates as Cities Ease Testing RulesStocks Drop as Solid Economic Data Boost US Yields: Markets WrapOPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude MarketsAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is Gett
If the U.S. residential housing market were a vehicle, it would be stuck in park right now. And while some opportunities may be coming that would allow investors to shift back into drive, the overriding consensus is to keep the car in the driveway for now. Home prices are too high to appeal to buyers facing skyrocketing mortgage rates. But sellers are hesitating to lower asking prices as the year ends. And just like last summer, buyers are also walking away as interest rates continue to be high,