The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. “Rates continue to move at the suggestion of economic
Month: March 2023
In this article PSNY Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The company on Thursday reported an 84% increase in revenue for 2022 to
In this article OKTA M CRM BOX SI SNOW DLTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT The Salesforce West office building in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud software maker
Valentinrussanov | E+ | Getty Images If you’re banking on a refund this tax season, the IRS has a warning: You should file a complete and accurate return to avoid delays. While it’s been a smoother filing season compared with years past, it’s still important to file correctly the first time, experts say. One way
In this article SBNY SI Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images Shares of Silvergate Capital plummeted Thursday after the bank delayed the filing of its annual 10-K report as it evaluates events that have happened since the end of 2022. The company, which provides banking services to crypto
Enes Evren There’s still time to make a pretax individual retirement account contribution for 2022 — and possibly trim your tax bill or boost your refund — if you qualify. For 2022, the IRA contributions limit was $6,000, with an extra $1,000 for investors age 50 and older, and the tax deadline this year is
Justices on the bench hearing arguments about the student loan forgiveness program. Source: Bill Hennessy There were many tense moments Tuesday as the nine Supreme Court justices grilled the plaintiffs challenging the Biden administration’s student loan forgiveness plan and the government attorney defending the policy. The Supreme Court agreed to hear two challenges against President
By Carmen Cusido, Next Avenue Francesca Maresca, 54, of Highland Park, New Jersey, had spoken in passing to her father, John, about whether he had an updated will. It was only when he died at 89 of congestive heart failure in September 2020 that she and her sister, Catherine, learned that he kept their late
President Biden may propose allocating revenue from the 2010 Affordable Care Act’s Net Investment Income Tax (NIIT) to maintain solvency of Medicare’s Part A Hospital Insurance (HI) Trust Fund. Two highly placed sources say the proposal may be included in the budget Biden is due to release on March 9. Shifting those funds from general
The supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market’s continued rebalancing, according to a recent housing trend survey. Despite the significant increase in inventory over last year’s record lows, home prices are still growing,
People wait in line to enter Macy’s department store during Black Friday in New York City on November 25, 2022. Yuki Iwamura | AFP | Getty Images Macy’s shares jumped Thursday, as the company said it drew holiday shoppers looking for gifts and held the line on promotions. But the department store operator, which includes
In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported holiday-quarter earnings and revenue that topped Wall Street’s expectations, as waning demand for consumer electronics proved better than feared. Still, shares
In this article COIN TSLA ON MKTX Follow your favorite stocksCREATE FREE ACCOUNT A worker enters the SalesForce Tower in San Francisco, California, U.S., on Monday, March 14, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Salesforce — Shares of the cloud software maker soared
The United Arab Emirates has the strongest passport in the world, according to a new index. The country jumped from being tied for 32th place on last year’s ranking to the No. 1 spot, according to new index by the tax and immigration consultancy Nomad Capitalist. The Emirati passport leapt up the list because it
Goc | Istock | Getty Images Scammers are making more money per episode of fraud, new government data suggests. While the number of fraud reports recorded through the Federal Trade Commission’s database fell to 2.4 million in 2022 from 2.9 million, the aggregate loss from those instances reached nearly $8.8 billion. That’s up 44% from
By Christine D. Moriarty, Next Avenue When it comes to where to retire, people often get caught up in the illusion, rather than the reality. Before making a commitment to move, understand this change is a fine mix of dreams, practicalities and your vision. You can find your perfect mix when you consider all the
George Harrison’s 80th birthday was February 25 of this year, and in preparing for a live webinar with his first wife, Pattie Boyd, I have been struck by the following lessons that can be learned from his life and experience. I will be discussing these points and other aspects of personal and professional achievement and
The number of residential mortgages originated in the fourth quarter tumbled to a nine-year low as inflation drove home-loan rates above 7%, according to a report on Thursday from ATTOM. Americans signed 1.5 million mortgages in the closing three months of 2022, including purchase loans and refinancings, down 55% from a year earlier, as interest
In this article NSC Follow your favorite stocksCREATE FREE ACCOUNT Pete Buttigieg, US transportation secretary, speaks during a news conference near the site of the Norfolk Southern train derailment in East Palestine, Ohio, US, on Thursday, Feb. 23, 2023. Matthew Hatcher | Bloomberg | Getty Images The presidents of U.S. railroad unions told Biden administration
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marc Benioff, co-founder and CEO of Salesforce, speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates