Mortgage rates rose markedly in the first week of 2022 — potentially setting the tone for a year in which economist expect interest rates to move steadily higher. The 30-year fixed-rate mortgage avera...
Tag: Credit
Americans overspent during the holidays, increasing credit card debt
By many measures, 2021 saw a record-spending holiday season despite ongoing supply chain problems, inflation and a new Covid-19 variant. Holiday sales are on track to grow as much as 11.5% over 2020, ...
Bitcoin Tanked After the Fed Minutes Were Released. Here’s Why.
Text size Proponents of Bitcoin argue that its limited supply should make it an inflation-proof asset akin to gold. Dreamstime Bitcoin slid sharply after the Federal Reserve released minutes of its De...
Citi Is Bullish on Lucid Stock. Where Is the Rest of Wall Street?
Text size A Lucid Air Grand Touring electric luxury car. Patrick T. Fallon/AFP/Getty Images Citigroup is staying bullish on electric-vehicle startup Lucid to start the new year. Analyst Itay Michaeli ...
The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators
WASHINGTON—As cryptocurrencies go mainstream, prices for bitcoin and other digital tokens are often displayed on cable-news tickers and finance apps as though they were just like regular stocks, bonds...
Trump-Appointed Chairman’s Resignation Hands Control of FDIC to Democrats
WASHINGTON— Jelena McWilliams’s decision to resign as chairman of the Federal Deposit Insurance Corp. paves the way for Democrats to gain control of the agency’s agenda in the coming weeks, potentiall...
The Warren-Biden Bank Heist – WSJ
Elizabeth Warren finally got her woman—that is, the Senator and her many acolytes in the Biden Administration have succeeded in ousting Jelena McWilliams as chair of the Federal Deposit Insurance Corp...
Saver’s Tax Credit: A Retirement Savings Incentive
Many people struggle to carve out the funds they need to build up their retirement nest eggs. Fortunately, a nonrefundable tax credit, known as the retirement savings contribution credit, can make it ...
Weekend reads: Your money and how to invest in 2022
Happy New Year! As 2021 ends, we once again hope for the new year will bring a pandemic recovery. Here are some looks ahead at what may affect financial markets, companies and even you in 2022. Turn a...
20 cheap value stocks that Wall Street expects to rise up to 58%
There are plenty of arguments for why the bull market for U.S. stocks will continue in 2022. But investors’ focus appears to have shifted recently in favor of value stocks, rather than the growth stoc...