The U.S. dollar sank to its lowest level in three years on Thursday following a report that President Donald Trump is planning to pick his nominee to serve as the next chair of the Federal Reserve early. The Wall Street Journal’s U.S. Dollar Index – which measures the dollar’s strength relative to…
Mortgage rates fell for the fourth consecutive week to the lowest level since early May, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.77% from last week’s reading of 6.81%.The…
The U.S. housing regulator directed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for single-family mortgage loan risk assessments. Federal Housing Finance Agency (FHFA) Director William Pulte said in a social media post on Wednesday that he ordered government-sponsored enterprises, which play a critical role in the…
The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect. The Commerce Department’s Bureau of Economic Analysis (BEA) released its third estimate for first quarter gross domestic product (GDP), which found the U.S. economy contracted at an annual rate of…
Trending
Spotlight This Week
More Articles
Money
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as…
The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites on…
When you hear the name Aflac, you, probably like me, hear the quacking duck from their commercials. Unfortunately, however the…
Chip Paucek had been the CEO of a company (U2, Inc.) which had failed under some negative circumstances. Paucek is…
Featured Articles
Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. The Chicago-based company, formed by the September merger of CareerBuilding and Monster, said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an…
Investing
More
Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
Startups
More
Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
Fintech
More
Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
All News
The introduction of the Saving On a Valuable Education (SAVE) income-driven repayment plan was a major help for consumers with federal student debt. Not only did SAVE raise the income threshold for $0 monthly payments so more borrowers could qualify, but it based monthly payments for undergraduate loans on just…
Annual inflation increased to 3% in January, rising above expectations and giving the Federal Reserve further reason to slow down interest rate cuts. Inflation increased 0.5% monthly, slightly exceeding expectations and above the previous month’s increase of 0.4%, according to the Consumer Price Index (CPI) released by the Bureau of…
The Internal Revenue Service has doled out millions of tax refunds amid the ongoing 2025 tax filing season. More than 8 million tax refunds have gone out during the 2025 season as of Feb. 7 and, according to the IRS, those refunds have averaged $2,065 each. When taxpayers receive their refunds,…
Balances for 401(k) retirement accounts hit the “second-highest average on record” in the final quarter of 2024, according to new data from Fidelity Investments. The financial services company found in its newly-released fourth-quarter retirement analysis that balances for that type of retirement plan averaged $131,700. That figure marked a jump of…
Tesco shares (LON:TSCO) have had a relatively upbeat reaction over the past week on the back of a solid Q1 trading update. As the stock closes in on its 5-year high of 397p, this begs the question of whether the shares are still worth buying. Sunny Update Britain’s biggest supermarket…
There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the highest level since last May. This week, however, 30-year rates dropped to 6.76% for fixed-rate mortgages, according to Freddie Mac. “This week, mortgage rates decreased to their lowest level in…
Annual inflation increased to 2.8% in February, an unexpected decline from 3.0% in January, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Inflation increased 0.2% monthly after rising 0.5% the previous month. Core inflation, which excludes volatile energy and food prices, grew at a…
Retirement nest eggs and Social Security benefits are key sources of funds for many Americans as they live out their golden years in the state of their choosing. A recently-released study from GOBankingRates looked at the financial runway that retirees would have in each state with Social Security benefits and $1.5…
It isn’t always easy to save for retirement, in part because for many people it is so far away that there’s no sense of urgency.New research suggests a solution: Make the future feel closer.”People struggle to save for the future, and part of the reason why is people struggle to…
The Federal Reserve just met to discuss the possibility of interest rate cuts. This time around, the Fed decided to extend the rate pause, leaving rates in the 4.25% to 4.5% range. The decision came due to stable economic activity that’s expected to grow in the first quarter. Economists largely…
Editor's Pick
