The Federal Reserve has cut short-term interest rates by 25 basis points. Nevertheless, mortgage rates went up again. The average rate on the 30-year fixed-rate mortgage climbed 11 basis points in the week ending Nov. 7, to 6.86%, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage […]

(Reuters) – The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the U.S. central bank’s 2% target. “Economic activity has continued to expand at a solid pace,” the central bank’s rate-setting

Laylabird | E+ | Getty Images Most Americans will have a lower tax burden in retirement than during their working years. However, that may not be the case for some retirees, especially for higher earners and big savers, which could have a significant impact on their financial plans, according to financial advisors. “Substantial evidence” suggests

Wolfspeed (NYSE: WOLF) stock is crashing in Thursday’s trading following the company’s recent quarterly report. The chip specialist’s share price was down 33.2% as of 1 p.m. ET. After the market closed yesterday, Wolfspeed published results for the first quarter of its current fiscal year, which ended Sept. 29. While the company posted a smaller-than-expected

If you’ve found a destination that you love and return to year after year, buying a property there can be a good investment. But how will you pay for it? While saving for your vacation home is the most fiscally responsible thing, it’s not the most expedient. If you’re ready to buy now and own

US stocks extended gains on Thursday as investors continued to digest Donald Trump’s electoral victory and awaited the Federal Reserve’s policy decision due this afternoon. The S&P 500 (^GSPC) rose roughly 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) moved up than 1.4% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose

President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters With Donald Trump’s return to the White House, the U.S.-China relationship is heading straight into turbulent waters. China’s Foreign Ministry recently offered a cautious

The stock market’s feverish rally following Donald Trump’s presidential election victory may have just been an early appetizer for a strong few months of gains. “Exuberance lies ahead,” Julian Emanuel, who leads the equity, derivatives, and quantitative strategy team at Evercore ISI, wrote in a note to clients Wednesday night. “President-Elect Trump will move fast

There is a lot of money flowing through the U.S. healthcare industry. According to the Centers for Medicare & Medicaid Services, America’s total health expenditures were $4.1 trillion in 2022, and that number has likely increased since then. People have always, and will always, need care, so healthcare is a great place to look for

Cryptocurrency investors go to great lengths to safeguard their holdings. Crypto enthusiasts commonly employ hot and cold wallets, trusted crypto exchange platforms, and complex cryptographic keys to protect digital assets from theft and other dangers. But what happens to those crypto holdings when their owner passes away? If an individual holding cryptocurrencies dies without a