Mortgage rates jumped yet again Monday, resulting in the third time within a week that they’ve established a new 14-year high. The 30-year average is now above 6.5% and at its highest level since fall 2008. Today’s National Mortgage Rate Averages The 30-year mortgage average rose another nine basis points Monday, taking it up almost
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General Electric Co. (GE) is a multinational industrial company. GE provides a range of products and services, including aircraft engines, power generation, oil and gas production equipment, medical imaging, financing, and more. The company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and a financial services segment called GE Capital. The top shareholders
The idea that anyone could have a problem with Joe Biden’s cancer moonshot is unimaginable. After all, who hasn’t had a friend or relative affected by cancer? My dad died from a combination of prostate and bone cancer. Now, you could argue that, at 81, old age might have done him in, regardless of the
In 2021, companies within the fintech sector raised well over $120 billion. Roughly $1 out of every $5 of venture capital funding went to a fintech startup. Clearly, many large investors were enthusiastic about fintech firms. For those who also want to get on this bandwagon, I will present seven fintech stocks to buy for
After three weeks of only wavering, certificate of deposit (CD) rates started making moves this past week, though some terms’ top rate climbed, others dipped, and some remained flat. The next Fed rate announcement will occur tomorrow, with a large or very large rate hike expected, so CD terms are likely to show a general
Over the past 25 to 30 years there has been a major shift in retirement plan schemes offered by private-sector employers, from the traditional defined-benefit plan (DB plan) to the more contemporary defined-contribution plan (DC plan). Traditional DB plans, commonly referred to as pensions, typically provide a guaranteed monthly income to employees when they retire
The Consumer Financial Protection Bureau (CFPB) released its 2021 Mortgage Market Activity and Trends report on Monday, which covers residential mortgage lending activity and trends for the year. In particular, the report shows that an increase in activity was driven primarily by home purchase loans, signaling an end to the refinancing boom, and that the
Some experts have warned that Bitcoin could experience a new low, sending its price down to $12,000. A series of macroeconomic events, such as the rise in the federal reserve rate and inflation data, have played a significant role in predicting the price of Bitcoin. The prediction has come at a time when the crypto
It is probably the right time for you to think about some marijuana stocks to sell. Marijuana stocks have been a massive downer this year. The selloff in risky stocks has been particularly hard on the marijuana sector. One of the leading funds tracking the sector is the AdvisorShares Pure Cannabis ETF, which has lost
Editor’s note: Below you’ll find the week 106 release of the NYC Recovery Index, originally published September 13, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery made strong gains in the week ending September 4, 2022, as the index score rose to a score of 76 out
The main benefit to owning stocks is to gain value from a company growing its business. But some stocks offer side benefits in the form of shareholder perks. Perks can range from discounts on products the company sells to free services. Some perks only require shareholders to have at least other share. Others have a
Advanced Micro Devices Inc. (AMD) is a global semiconductor company. It sells microprocessors, chipsets, graphics processing units (GPUs), development services, server and embedded processors, and technology for game consoles. The company has two major segments: Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The top shareholders of AMD are Dr. Lisa T. Su, Harry A.
This year has been a particularly rough year for growth stocks. The severe macroeconomic climate has led to a broad risk-off investment sentiment, forcing investors toward defensive plays. On the positive side, there are plenty of opportunities to buy well-known growth names at discounted valuations. For example, the Vanguard Growth ETF (NYSEARCA:VUG), one of the largest
Years ago, I heard Leon Cooperman, widely viewed as a legendary investors, say that there are two types of stock investors: those who like to find stocks to buy that are rising and those who like to buy equities on weakness. Usually, I’m in the latter group. Once in a while, however, I do like
[embedded content] With football season starting up, there has been a huge increase in sports betting in the last week. From last Thursday-Sunday, this betting was up an incredible 72% year-over-year! This translates to over 100 million logins to various sports betting services in the U.S., like DraftKings (DKNG) or Caesars (CZR). That’s about a
I’ve written before about how biotech is the biggest technology trend of our kids’ generation. Naturally, that means many people are looking for the best biotech stocks to buy. But as with the PC industry of my time, finding long-term winners is difficult. Back in the early 1980s, dozens of companies entered the PC market, many
It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday. The Fed is expected to fire off another three-quarter point rate hike — its third in a row. It will also release quarterly forecasts
The 5G revolution continues to show promise. Indeed, for investors looking for long-term, non-cyclical growth trends, 5G technology is one of the best places to be invested. However, finding cheap 5G stocks under $10 is somewhat difficult. Many of the biggest and most prominent 5G players trade at relatively expensive valuations and per-share prices. Thus,
[Editor’s note: “Grab Rivian Stock Before it Really Heats Up” was previously published in July 2022. It has since been updated to include the most relevant information available.] As an investor, it’s great to see the stocks that I love outperforming the broader market. And it’s especially great to see when the market has been
There are a number of reasons to consider a Roth individual retirement account (IRA) rollover, which moves funds from an existing traditional IRA (or another retirement account) into a Roth IRA. A Roth conversion is especially attractive if you expect your future tax rate to be higher than your current rate. And if your earnings