Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. After a
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Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s aggressive tightening measures will tip the U.S. economy into a recession. “Our central case is a hard landing by the end of ’23,” Druckenmiller said at CNBC’s Delivering Alpha Investor Summit in New York City Wednesday. “I will be stunned if we don’t have recession in ’23. I don’t
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Source: Getty Images Retirement is a major goal many workers keep their eye on throughout their career. However, once people actually reach retirement age, they are often in store for some financial surprises — despite decades of preparation. For today’s retirees, that is compounded by new uncertainties brought by on by historically high inflation and
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In this article CTRN Follow your favorite stocksCREATE FREE ACCOUNT In a war for talent, employers are drastically expanding their benefit offerings to attract and retain workers. Free college may be the most effective tool yet. Most recently, nationwide pizza chain Papa John’s announced it is offering fully funded degrees from partner schools, including the
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Most millennials have invested heavily in stocks or cryptocurrency — and that hasn’t turned out so well. The S&P 500 Index is down more than 20% so far this year. Bitcoin, the largest cryptocurrency, is hovering around $19,000 after starting out the year above $45,000. As many younger investors bail out of those investments, bonds
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In this article CMCSA DIS Follow your favorite stocksCREATE FREE ACCOUNT Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images As Hurricane Ian nears the west coast of Florida, the Walt Disney Company and Comcast‘s Universal Studios are preparing to close their Orlando-based theme parks for at least two days.
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