‘Mortgage rates are likely to push toward 5% before the end of the year’: Rates soar to highest level in over 3 years, putting pressure on home buyers

Mortgage rates are racing toward 5% as the Federal Reserve’s expected trajectory for future rate hikes becomes clearer. The average rate on a 30-year fixed-rate mortgage was 4.42% as of the week endin...

New home sales decline, surprising analysts, even though the inventory of properties for sale has hit the highest level since 2008

The numbers: U.S. new-home sales decreased 2% to an annual rate of 772,000 in February, the government said Wednesday. That figure represents the number of homes that would be sold over a yearlong per...

ChargePoint and Toyota Team Up on EV Charging

Text size Toyota’s bZ4X is due to hit U.S. roads in mid-2022. Courtesy Toyota Electric-vehicle charging company ChargePoint announced a new partnership with Toyota Motor on Tuesday. The agreemen...

Is it OK to use the lowest-grade gas? Here’s a guide to the different types of fuel.

Selecting a grade of gasoline simply because it has a higher octane rating might not be the best choice for your car or your budget. While some vehicles can benefit from premium gas, most drivers can ...

Do I need to file a tax return if most of my income is Social Security?

Recently we received the following email from a reader: I would like to know if I live off my Social Security check and have no other income must I file a federal tax return? I have a yearly income of...

Many companies are enriching their retirement benefits

Workers may be in for a treat – some companies plan to boost their retirement benefits in the next few years, as they look to hire and retain talent, according to a new survey.  U.S. employers are imp...

Cattle Ranchers Take Aim at Meatpackers’ Dominance

For years, many ranchers have blamed meatpacking giants for low cattle prices. Now, some cattlemen say they have a solution: Process the beef themselves. On 80 acres in western Nebraska, a group of ca...

Will the Fed rate increase mean higher interest on your savings and not using your travel card rewards may not be such a bad thing

Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: There’s a recession warning as the Federal Reserve fights inflation Also, value stocks, the wild market for crude oil and a U.S. compan...

Wendy’s breakfast menu could overtake Burger King, 2 years after launch

The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Two years ago, Wendy’...

France is considering raising its retirement age to 65

French workers may see their legal retirement age jump from 62 to 65 if President Emmanuel Macron gets his way.  Macron, who is running for reelection, said the move is a natural progression. “We are ...

My wife and I are in our 50s with $300,000 in a 401(k) and $700,000 in a pension. I can’t work much longer and am ‘embarrassed’ we didn’t prepare better. Will we be able to ‘live a simple life’ in retirement?

I’m 53 years old, a registered nurse and planning to retire at 58. I am married, my wife is two years older than I am and she plans to retire at 62. We have a good marriage and friendship. We have thr...

The 4 types of vacations that may be hard to book in 2022

After two years of living with Covid-19, travelers are making big vacation plans again. But not every type of trip may be available this year, travel professionals said. That’s because many peop...

Impossible Foods taps top Chobani executive for its new CEO

Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will...

‘Where should I live and what am I going to do?’ Retirement advice we’re not getting from financial advisers

Retirement is one of the Top 10 most stressful life events, according to the psychiatrists Thomas Holmes and Richard Rahe. As someone who recently began unretirement (or semiretirement), I concur. But...

American Airlines stock surges toward biggest gain in more than a year after carrier raises revenue outlook

Shares of airline operators enjoyed a broad rally Tuesday, after a number of major carriers raised their revenue guidance, and as a further pullback in crude oil prices helped soothe concerns over ris...

Dealers are desperate to get their hands on your leased car—how you might make that pay off

That car you leased three years ago probably has become a cash cow. But deciding what to do with that equity — and what to drive next — has become confusing. Before the car market was turned upside do...

Wendy’s Follows McDonald’s, Chipotle in Making a Big Move

Wendy’s (WEN) – Get Wendy’s Company Report has built its business on value as much, if not more, as it has attracted customers based on its promise of fresh, never-frozen beef. Much ...

Starbucks unveils new plans to eliminate single-use cups, encourage reusable mugs

A protestor walks past a caricature made of coffee cups outside of the Starbucks Annual Shareholders Meeting at McCaw Hall, on March 21, 2018 in Seattle, Washington. Stephen Brashear | Getty Images Wh...

This is the minimum amount of money you should have in savings, pros say

How much money should you have saved? Getty Images/iStockphoto You probably know the emergency fund ‘rule’ — save anywhere from 3-9 months of expenses to cover a potential unexpected expense. And whil...

One-third of job switchers took a pay cut for better work-life balance

Ricardo Mojana | Getty Images As the Great Resignation continues, employees are rethinking salaries, work-life balance and flexibility in their new careers. Some are willing to take a pay cut in excha...

Rivian About to Make a Crucial Decision to Solve Its Big Problem

It is an understatement to say that Rivian is going through a tough period.  The young electric-vehicle manufacturer has just poured cold water on investors’ hopes by announcing a pessimistic ou...

Why Is United Bringing Back Unvaccinated Flight Attendants?

After nearly two years of worries over masks and vaccine requirements, United Airlines  (UAL) – Get United Airlines Holdings, Inc. Report is doing a 180-degree turn and letting unvaccinated empl...

Mortgage rates rise as Russia’s war in Ukraine stokes volatility. Experts say the short-term uncertainty over rates could continue

After two consecutive weeks of declines, mortgage rates have moved higher once again. Where they will go in the short term, though, largely depends on what happens overseas. Mortgage rates could fall ...

Is a Costco Membership Worth It Just for Gas?

If there’s anything that gets our hackles up, it’s stopping at the local gas station to fill up our tanks and seeing gas prices at a cringeworthy new high. But that’s just the case a...

BMW Hit by News That Could Slow Its Efforts Against Tesla

BMW  (BMW)  just got a bit of bad news, and it couldn’t have happened at a worse time.  The German luxury-vehicle manufacturer is, like all players in the industry, racing to offer electric cars...

Burger King halts corporate support for its 800-plus franchised locations in Russia

A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King announced Thursday it has halted corporate support for its 800-plus fr...

Chipotle Mexican Grill to release pollo asado as latest limited-time menu item

Chipotle Mexican Grill releases pollo asado for a limited time. Source Chipotle Mexican Grill Chipotle Mexican Grill announced Thursday it is launching pollo asado as it latest limited-time menu item ...

What is the Philippines’ largest travel market? It’s South Korea

South Korean photographer Sang-kyu Gil has visited the Philippines around 10 times. Drawn by the beautiful scenery and affordable prices, the 42-year-old usually spends seven to 10 days in the country...

Planning to retire? Don’t get hit with a surprise tax bill for this common mistake

How much of your salary is withheld from your paycheck affects what you receive, or owe, at tax time – with the wrong number selected, you could be in for quite a surprise.  Retirement Tip of the Week...

People are fleeing Ukraine — this guide is hosting tours along the way

Her virtual tours around Kyiv normally attract between 30 and 100 people.   But more than 1,800 tuned in to Olga Dudakova’s livestreamed tours in Ukraine following the Russian invasion. The firs...

‘What do we do with all that talent?’ Older workers and the new economy

Did you catch the half-time show at the Super Bowl highlighting hip-hop artists Dr. Dre, Mary J Blige, and Snoop Dogg? The performance garnered high praise among critics and the audience (including me...

If you’re getting remarried, here are key financial issues to consider

kali9 | E+ | Getty Images You may want to consider some financial issues before walking down the aisle again. When it comes to tackling those financial issues around remarriage, financial advisors rec...