Homebuyers may finally catch a break this year, says one expert, as signs of fading inflation could drive mortgage rates lower as soon as this month. “Mortgage rates have declined by almost a full percentage point since they peaked in November,” told Melissa Cohn, vice president for William Raveis, a real estate brokerage firm. “I…
Is Bitcoin or gold the better investment? Opinions vary widely, with billionaire crypto fan Mark Cuban favoring Bitcoin—and slamming gold—and Euro Pacific Capital CEO Peter Schiff going the other way. Nassim Nicholas Taleb has some thoughts, too. This week the author of the 2010 New York Times bestseller The Black Swan—among the few who foresaw…
As 2022 nears a wrap, a trend is emerging that’s expected to gain traction next year — actively managed investment strategies — along with a custom strategy for people who like the idea of investing in a basket of companies, but want more control of what they invest in. Assets in direct indexing are expected…
The Rules You Need to Know—Plus a Pitfall You’ll Want to Avoid. Do you have a 401(k) plan through work? You can still contribute to a Roth IRA (individual retirement account) and/or traditional IRA as long as you meet the IRA’s eligibility requirements. You might not be able to take a tax deduction for your…
Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation, it’s all but guaranteeing a punishing recession next year caused by a rapidly deteriorating labor market. As Myles Udland laid out in Thursday’s Morning Brief, Fed Chair Powell strained credulity at his latest press conference while attempting to make…
Gold prices fell on Monday as the U.S. dollar firmed ahead of key inflation data, with investors awaiting the Federal Reserve policy meeting for more clues about its rate-hike stance. Spot gold slipped 0.4% to $1,788.69 per ounce, as of 0714 GMT. U.S. gold futures were down 0.6% at $1,799.10. The dollar index rose 0.3%….
Toyota stops sales and production for this auto in the U.S. market. Toyota is known for a lot of different things, mainly automobiles, but the company also makes sewing machines, forklifts, robotics, boats and even houses. Of course, the main line of business Toyota handles is automobiles. While being a true leader in the automobile…
Meta Platforms’ Oversight Board recommended on Tuesday that the company revamp its system exempting high-profile users from its rules, saying the practice privileged the powerful and allowed business interests to influence content decisions. The arrangement, called cross-check, adds a layer of enforcement review for millions of Facebook and Instagram accounts belonging to celebrities, politicians and…