Rates on most mortgage types continued upwards Wednesday, but not for 30-year fixed-rate loans. The flagship 30-year average instead took a small downward step, after a three-day climb had pushed the average back into 6% territory. National averages of the lowest rates offered by more than 200 of the country’s top lenders, with a loan-to-value
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If you’re considering leaving a job, and you have a 401(k) plan, then you need to stay on top of the various rollover options for your workplace retirement account. One of those options is rolling over a traditional 401(k) into a Roth individual retirement account (Roth IRA). This can be a very attractive option, especially
Some investors are comfortable with the idea that unscrupulous means are sometimes necessary for making gains in a portfolio. However, it is possible to profit while using an ethical investment strategy—and you don’t need to join Greenpeace to do so. As more investors demand socially responsible investing (SRI) options, we’ll take a look at SRI
Being your own boss is a wonderful feeling, but it also comes with the responsibility of knowing how much to charge for your services. You may enjoy the freedom to take your career in whatever direction most interests you and to decide your own work schedule, dress code, and daily routine. But you also have
Key Takeaways Nvidia’s data center revenue came in below analysts’ expectations, with growth decelerating from the previous quarter’s pace. Demand for services offered by data centers has grown rapidly during the pandemic, boosting demand for Nvidia’s chips. Nvidia’s data center segment is its biggest platform, with data center revenue eclipsing gaming revenue. Nvidia Earnings Results
Fitness equipment company Peloton Interactive, Inc. (PTON) announced, on Aug. 24, 2022, a deal to sell a variety of its products through Amazon.com, Inc. (AMZN). Previously, Peloton’s new products and accessories were sold strictly through its own e-commerce site, inside sales channels, and global showrooms. Peloton indicates that this initiative is designed “to innovate and
When America was attacked by terrorists on September 11, 2001, the entire business community felt the blow. Stock markets immediately nosedived, and almost every sector of the economy was damaged economically. The U.S. economy was already suffering through a moderate recession following the dotcom bubble, and the terrorist attacks added further injury to the struggling
If you need cash for a down payment for a home, and you have a 401(k) retirement plan, you might be wondering if you can use these funds. Typically when you withdraw funds from a 401(k) before the age of 59½, you incur a 10% penalty. You can use your 401(k) toward buying a house
Consumer confidence is a leading economic indicator and can forecast forward-looking economic performance. With consumer confidence recently hitting its lowest level in 16 months, that’s not a great sign for the stock market. Accordingly, finding high-quality stocks to buy in this environment can seem tricky. Companies in the consumer discretionary, non-essential, or durable goods sectors
The First Labor Day Having the first Monday in September off from work was significant for American workers in 1894, when Labor Day was declared a national holiday. Working conditions in the country’s factories, railroads, mills, and mines were grim. Employees, including many children, were often required to work 12 hours a day, six days
In this photo illustration the stock trading graph of Nvidia Corporation seen on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Nvidia – Nvidia slipped 2.5% after quarterly earnings missed Wall Street expectations on the top and bottom line. Nvidia
[embedded content] Today, we’re starting off with one of our favorites – fintech darling SoFi (SOFI). Throughout the course of the pandemic, the student loan moratorium has been a drag on the company’s stock. But now that freeze is finally coming to an end. Student loan refinancing is where SoFi first cut its teeth in
Recourse vs. Non-Recourse Loans: An Overview A recourse loan allows a lender to pursue additional assets when a borrower defaults on a loan if the debt’s balance surpasses the collateral’s value. A non-recourse loan permits the lender to seize only the collateral specified in the loan agreement, even if its value does not cover the
Source: Marko Aliaksandr / Shutterstock When the “smart money” talks, I listen. And right now, that smart money is betting big on a single EV stock that could unseat Tesla (TSLA). Specifically, last quarter, two legendary hedge fund managers just picked up nearly $4 million worth of this EV stock. The first is Ray Dalio.
Corruption is a problem all over the world. Soccer’s governing organization, Fédération Internationale de Football Association, or FIFA, is just one example, with several executives found guilty of racketeering and money laundering in 2015. The college admissions world was rocked in 2019 after several high-profile celebrities faced legal trouble—including charges of bribery and several types
Investing in equities can be rewarding if it is paired with discipline and research. As Peter Lynch points out, “stocks aren’t lottery tickets. Behind every stock is a company. If the company does well, over time the stocks do well.” The idea is to buy and hold stocks of high-quality businesses. Starting early is often
We’re a nation of collectors, and more and more of us view our collectibles as alternative investments, a valuable way to diversify our assets. According to a recent survey , one in three adult Americans reports they collect some type of physical items. Whether they’re amassing sports memorabilia or stamps, trading cards or toys, fine
In the big market rally after the pandemic triggered crash of March 2020, small-cap stocks were short to medium-term speculative bets. Some small-cap stocks delivered multi-fold returns in the blink of an eye. However, emerging companies are not just about speculation. There are high-quality small-cap stocks to buy and hold for the long term. Coming
The stock market reflects all known information as stated by the efficient market hypothesis, processing and assimilating new data rapidly through the mechanism of buying and selling. The stock market is also forward-looking, which explains why a company’s stock may fall, even when reported earnings improve from the previous quarter. Apple’s stock history is a
Today’s article introduces three stocks whose price targets have recently been cut by analysts on Wall Street. So far this year, the stocks market has tumbled on the back of rampant inflation and investors’ shaken confidence. Indeed, the S&P 500 Index posted its worst return for the first half of a year since 1970, triggering