A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ended Dec. 29, compared with two
The Federal Reserve‘s effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a “soft landing,” where inflation returns to the Fed’s
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing is urging airlines to inspect 737 Max planes to look for a “possible loose bolt” in the rudder control system, the latest
In this article ATUS Follow your favorite stocksCREATE FREE ACCOUNT The Cheddar News logo is seen on a smartphone and PC screen. Sopa Images | Lightrocket | Getty Images Cheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023. Chandan Khanna | AFP | Getty Images Elon Musk’s SpaceX smashed its previous annual record for orbital rocket launches, pulling off 96 successful missions in 2023 at a blistering average launch pace
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week
Getty Images The year-end is quickly approaching, but there’s still a chance to reduce your 2023 tax bill or boost your refund with some last-minute moves, experts say. Dec. 31 is the deadline for many tax-saving opportunities, which leaves limited time to take action. “It’s a little late to be super strategic,” but there’s still
Traders work on the floor of the New York Stock Exchange (NYSE) on the first day back since the Christmas holiday on December 26, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images In each of the past 16 Decembers I have selected and invested personally in 10 of the
In this article ELAN Follow your favorite stocksCREATE FREE ACCOUNT Sally Anscombe | DigitalVision | Getty Images Company: Elanco Animal Health (ELAN) Business: Elanco is an animal health company that delivers products and services to prevent and treat disease in farm animals and pets. Its portfolio serves animals across its core species and offers products
What begins as a gender wage gap inevitably becomes a significant shortfall by retirement. In the U.S., women who work full time are typically paid about 80 cents for every dollar paid to their male counterparts. That gap has persisted despite women’s increasing levels of education and representation in senior leadership positions. Women are also still more
Miodrag Ignjatovic | E+ | Getty Images Over the last few months, millions of Americans have received their first student loan bill in over three years. If you can’t make the payments, there’s some good news. When the bills resumed in October, the Biden administration offered borrowers a 12-month “on-ramp” to repayment, during which they’ll
Young woman counting money. Jose Luis Pelaez Inc As the calendar turns to a new year, many Americans are vowing to change their money habits. To that point, 48% of investors recently surveyed by Allianz Life Insurance Company say they are more likely to make and keep a financial resolution in 2024 to either save
mphillips007 | iStock Unreleased | Getty Images The Powerball jackpot has ballooned to an estimated $760 million — the sixth-largest prize in the game’s history — and experts have tips on what the lucky winner should do first. If you score the winning ticket, you’ll pick between one of two payouts: annual payments worth $760 million or a
This year, 40% of Americans said they do not make financial resolutions for the new year and 68% said they do not have written financial plans at any point in the year, according to research from BMO Financial Group. However, setting a budget goes a long way in managing your personal finances. “Many people spend
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna Moneymaker | Getty Images U.S. patients and drugmakers will get a first glimpse of how much Medicare can negotiate down drug prices in 2024, setting the
In this article AAPL 1810-HK Follow your favorite stocksCREATE FREE ACCOUNT Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla
If you have some time over the holiday break, consider taking a financial hygiene day to prepare yourself for the new year. Personally, I review my finances every year around Christmas since I’ve likely blown my budget on gifts and travel. It’s also the time of year in which I have the most downtime, so
Praetorianphoto | E+ | Getty Images The $7,500 tax credit for new electric vehicles will be easier for many consumers to claim in 2024, but it may be more difficult for others. These opposing dynamics are due to federal policies taking effect at the same time. One policy kicking in Jan. 1 will allow car
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed sales as well as the most current look at what potential homebuyers are
Tired of the usual sights or craving a break from the travel herd? These five travel spots may be the getaway you’re looking for. Adventure travel company Intrepid Travel’s new “Not Hot” list is out — spotlighting overlooked travel spots around the world. The company’s annual list attempts to combat overtourism by helping travelers “beat
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