The typical home buyer’s monthly mortgage payment rose 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin, a technology-powered real estate brokerage. Redfin’s data on home buyer mortgage payments is based on asking-price data going back to
Month: April 2022
sponsored In readiness for the imminent listing of our crypto currency, GMRX, we want to explain our philosophy and strategy and answer a number of questions and address some misconceptions about GAIMIN. Why has GAIMIN established a successful esports company – GAIMIN Gladiators? GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss based gaming company focused
What if you could invest your money in ways that also help achieve positive environmental and social impacts? Now you can — with an investing strategy known as socially responsible investing, or SRI. Also known as environmental, social and governance (or ESG) investing, this strategy allows you to invest your money in ways that align
Municipals were weaker Thursday amid increased secondary selling pressure, while U.S. Treasury yields rose 10 years and in after the unanticipated decline in first-quarter gross domestic product. Equities rallied. Triple-A yield benchmarks were cut up to three basis points, while USTs saw the largest losses inside of 10 years. Muni to UST ratios were at
Silver bounces off four-month-old ascending support line after six-day downtrend. Off in Japan, absence of major news and cautious mood ahead of the Fed’s preferred inflation gauge restrict market moves. USD strength, covid woes in China keep sellers hopeful. Silver (XAG/USD) prices challenge the previous six-day downtrend following a bounce off the short-term key support
Estimated and confirmed trading volumes are… by Harvey Organ of Harvey Organ Blog //GOLD DOWN AGAIN ON CONTINUAL RAIDS//GOLD FINISHED LOWER BY $15.35 TO $1887.85//SILVER DOWN 4 CENTS TO $23.39//PLATINUM DOWN 2.85 TO $922.80//PALLADIUM UP $29.25 TO $2209.70//GOLD STANDING AT THE COMEX RISES BY ANOTHER HUGE QUEUE JUMP 0F 19,000 OZ: NEW STANDING 84.646 TONNES//SILVER
In its 2021 annual report, Berkshire Hathaway (BRK.A, BRK.B) reported full-year overall earnings of $89.8 billion and a $144 billion cash pile. Once again, the question will be asked: Why doesn’t Berkshire Hathaway pay a dividend to its shareholders? The short answer is that company founder and CEO Warren Buffett believes that money can be
The UK advertising watchdog is preparing to warn HSBC about using adverts to greenwash its reputation and order it to be more transparent about its contribution to climate change, in a ruling that could have wide implications for financial sector marketing. In a draft recommendation seen by the Financial Times, the Advertising Standards Authority deemed
One thing to start: Arm is on the cusp of regaining control of its renegade China joint venture, which would remove a major obstacle for SoftBank’s plan to take the UK chip designer public. Arm has moved to regain control of its renegade China unit with plans to replace its chief executive Allen Wu ©
When Mary Bach and her husband started thinking about retirement after more than three-decade careers at Westinghouse Electric Company, they suddenly got numerous meal invitations from people who claimed to be local representatives for well-known financial institutions. These people, with alphabet soups of letters following their names, would present financial product pitches including numerous charts
In this article FB TDOC LUV MCD CAT Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also
Sharing is Caring! by Michael What I am about to share with you is extremely disturbing. There are some that don’t want to hear bad news like this, but most people would rather know what is coming so that they can prepare for it. As I have been documenting on my websites for months, we
A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC). The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by Republican Representatives Glenn Thompson
An interesting thing happened to homes with swimming pools over the initial year of the pandemic. Prior to Covid-19’s onset, houses featuring in-ground pools sold for an estimated $16,137 more than those lacking the coveted feature. A year later, following the move outdoors during the pandemic’s darkest months, houses with in-ground pools commanded $27,199 more
The Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,”
One area that has not experienced the cryptocurrency trend is the 401k. That could soon change, with the announcement by Fidelity this week that it would let 401k operators opt-in to allow their employees to invest in bitcoin through a retirement plan. It marks the first time that a major brokerage house has signaled that
Challenges to the Puerto Rico Plan of Adjustment heard by the Court of Appeals for the First Circuit Thursday will not impact the terms for bondholders, but may affect the government’s ability to pay debt service. Puerto Rico credit unions argued Puerto Rico’s central government engaged in fraud by pressuring them to buy nearly $1
For a complete discussion of the risks and uncertainties and factors which may lead to actual financial results and performance being different from the estimates contained in the forward-looking statements, please refer to Yamana’s press release issued yesterday announcing first quarter 2022 results as well as the management’s discussion and analysis for the same period
The markets have begun to transition away from the continued central bank support rally phase and have started a… by Chris Vermeulen of The Technical Traders We are now seeing that major economies (US/UK/Japan) are not immune from global deleveraging and inflation. As investors seek safety in the US Dollar this may eventually trigger a
The utilities sector is made up of companies that provide electricity, natural gas, water, sewage, and other services to homes and businesses. Many of these companies are heavily regulated. They include major utilities companies such as Dominion Energy Inc., Duke Energy Corp., and Xcel Energy Inc. Utilities stocks, as represented by the Utilities Select Sector
In this article BRK.A Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway‘s massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. But his recent moves are more notable for what he has
Amazon recorded its slowest-ever revenue growth in the first quarter due to a drop in online retail sales and heavy costs, sending its stock down around 10 per cent in after-hours trading. Sales at Amazon’s online stores segment came in at $51.1bn in the January-March period, down from $52.9bn in the same period last year.
Apple’s services division posted record revenue in the quarter to March, pushing the company’s overall sales well beyond analysts’ expectations as it navigated supply chains issues and the highest inflation rate in decades. Revenues rose 9 per cent from a year ago to $97.3bn, versus the $94.1bn expected by analysts. Net profits jumped 6 per
Americans are increasingly pessimistic about their finances as inflation takes a greater toll on households. Fewer than half of Americans rate their financial situation as “good” or “excellent,” the lowest share since 2015, according to a Gallup poll released Thursday. Some 48% say it’s worsening, similar to levels seen in April 2020 and the financial
An Amazon truck is seen entering the LDJ5 Amazon Sort Center on April 25, 2022 in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares of the e-commerce giant tumbled by 10% after hours, after the company reported first-quarter results and issued weaker-than-expected
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto. In a Thursday hearing of the House Financial Services Committee on ‘Oversight of the Financial Crimes Enforcement Network’, Das addressed
Ever since the pandemic housing boom, U.S. house prices have kept on climbing, leaving many potential buyers at a loss of how they could afford a place of their own in the red hot market. According to numbers published by the St. Louis Fed, median prices for U.S. houses have increased from around $323,000 at
Kali9 | E+ | Getty Images The loss of a spouse is up there with the most challenging experiences you might face in this lifetime. With the understandable barrage of emotions you might face, it is probably hard to imagine taking concrete steps to secure your financial future. But this is exactly the time to
Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to
It’s been more than two years since the pandemic triggered massive unemployment in the U.S. Some might say we have almost fully recovered to pre-pandemic levels, for instance, by referring to the recovery of the ‘prime age’ labor force participation rate. But that success story doesn’t extend to older workers. Even if the news recognizes
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