Thinking about buying a home? Now could be a good time to do it. The current average 30-year fixed rate mortgage as of Aug. 11, 2022 was 5.46%, according to BankRate’s analysis. Although that rate is lower than July’s average rate of 5.73%, it remains much higher than Aug. 12, 2021’s average rate of 2.87%
In this article UAL AAL International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want people to take a European vacation this summer — as along it’s not their employees. Carriers are discouraging their staff
Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So
Brothers91 | E+ | Getty Images Depending on how you get your health-care coverage, you may soon get a rebate from your insurer. An estimated 8.2 million policyholders are expected to receive a piece of $1 billion in rebates by Sept. 30 from various insurers, according to an estimate from the Kaiser Family Foundation. The
The Senate-passed Inflation Reduction Act (IRA) calls for a new 1 percent excise tax on stock buybacks, the argument being it would be better for the economy if firms invested their surplus cash in the business, rather than returning this value to shareholders. However, research suggests that buybacks do not hinder investment opportunities, and actually
In this article PTON Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking prices on some equipment in a bid to cut costs and become profitable. The company did not specify how many of its 86 retail locations it plans to shutter, but
Luis Alvarez | Digitalvision | Getty Images Employers are using signing bonuses at an elevated rate to attract talent — and there are ways workers can capitalize on the trend. A signing bonus is a financial sweetener — often a lump sum of cash — that businesses offer prospective hires. Offers vary widely by company
Families, parents and caregivers call on Congress to include paid family and medical leave in the Build Back Better legislative package during an all-day Nov. 2, 2021 vigil in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Missing a week of work due to illness, child care or other obligations during Covid-19
Ben Rains dives into some of the reasons why the technology-heavy Nasdaq entered a bull market, with it up over 20% from its mid-June lows. The episode then explores three stocks that operate in the broader world of technology—Adobe, Mastercard, and Microsoft—that run businesses poised to hold up well during the current economic slowdown and
Author Salman Rushdie is tended to after he was attacked during a lecture, Friday, Aug. 12, 2022, at the Chautauqua Institution in Chautauqua, NY. Joshua Goodman | AP Author Salman Rushdie was attacked while on stage for a panel in Chautauqua in western New York on Friday. The New York State Police released a statement
Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices
Some employees thrive working on the couch in sweatpants. Malcolm Gladwell isn’t among them — at least, not anymore. While certain types of work — freelance writing, for instance — might not require regular in-office attendance, according to Gladwell. The author of bestselling books such as “The Tipping Point” and “Talking to Strangers,” tells CNBC
Source: Getty Images Investors have been pouring money into high-yield bonds, which typically pay more interest for taking on greater risk. But these investments are also known as “junk bonds,” and financial experts urge caution before piling in. After a rocky start to 2022, U.S. high-yield bond funds received an estimated $6.8 billion in net
If you’re a college athlete profiting from your name, image, and likeness (NIL), your tax situation can be a complicated topic. Sometimes it’s hard to know where to start — that’s why we’ve put together a list of seven tips to help you prepare for your next tax season. 1. Get in touch with the
A selection of men’s clothes packaged by Trunk Club, which was shuttered earlier this year after Nordstrom bought the personal styling service in 2014. Source: Trunk Club After earning a master’s degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail
In this article NCLH The Norwegian Pearl uses the turning basin as it docks at PortMiami on January 05, 2022 in Miami, Florida. Joe Raedle | Getty Images Shares of Norwegian Cruise Line fell Tuesday after the company reported second-quarter results that lagged pre-pandemic levels and warned of persistent volatility ahead. The company reported revenue
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly
I love investing in real estate, and it’s a major reason why I was able to become a self-made millionaire. But I’ve learned that buying a single-family home to live in isn’t always a great investment. I realized this in 2003, when I was a newlywed with a newborn, and bought my dream home in
Customers shop for back-to-school supplies at a Target store in Colma, California. David Paul Morris | Bloomberg | Getty Images As parents know all too well, it’s hard to cut back when it comes to the kids. Despite more households living paycheck to paycheck, this year’s total back-to-school spending is expected to match last year’s
In this article CAPN-SG Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment. Its half-year financial results on Thursday revealed that CapitaLand Investment’s profit fell 38% to $433 million Singaporean dollars ($316 million) for