Reverse mortgages are financial tools that allow homeowners to access capital using their home equity as collateral. They represent a way for people age 62 and older to tap into the value of their home, in contrast with other methods, such as a home equity loan or a home equity line of credit (HELOC). Home
Month: May 2022
European stocks fell on Monday, while US government bonds came under pressure, as traders weighed weak economic data and the prospect of imminent interest rate rises. The regional Stoxx Europe 600 slid as much as 3 per cent before trimming its losses to trade 1.2 per cent lower. The declines came after a closely watched
Vestas Wind Systems confirmed the woes of the wind turbine industry as the world’s biggest turbine manufacturer posted a bigger than expected loss and cut its profit guidance due to the fallout from Russia’s war in Ukraine. The Danish turbine manufacturer said on Monday revenues in the first quarter rose 27 per cent to €2.5bn
Take a look at some of the biggest movers in the premarket: Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker. Bilibili (BILI) – The China-based online gaming company’s stock slid 4.2% in the
Sharing is Caring! by Paul Craig Roberts Yesterday morning I posted an explanation of why Russian liberalism was generating a wider war that could end in Armageddon. www.paulcraigroberts.org/2022/05/01/putins-liberalism-means-a-wider-war-is-in-the-cards/ I find no relief in The Saker acknowledging the same unfolding of events. thesaker.is/sitrep-operation-z-17/ The Saker and Andrei Martyanov are two competent analysts of Russian military capability. Until recently they have
When North Korea announced a crypto conference back in 2018, Canadian journalist Ethan Lou jumped at the opportunity to see what the country’s crypto scene looked like. He encountered many surprises, including being introduced as a presenter to a North Korean audience. According to Lou, he went there with eight other unsuspecting participants who wanted
New Realtor.com research spotlights Asian Americans’ unique barriers to achieving the dream of homeownership and associated struggles during the pandemic. “Our analysis shows the Asian American homeownership gap persists, underscoring the significant racial disparities that still exist in real estate today,” said Danielle Hale, chief economist at Realtor.com. “Despite this community having some of the
Shakhtar Donetsk, a leading soccer team in Ukraine, will sell a collection of non-fungible tokens (NFTs). The club intends to auction several signed jerseys to raise funds for Ukrainian citizens affected by the ongoing war with Russia. FC Shakhtar Donetsk to Auction Digital Collectibles With Help From Binance Binance NFT, the marketplace for non-fungible tokens
Illinois plans to hit the market with at least $1 billion of general obligation paper before fiscal 2022 ends June 30, the first deal to benefit from the state’s latest rating upgrade. The state “intends to sell general obligation bonds prior to June 30, 2022, to support the upcoming construction season, to continue the pension-buyout
By Eileen Soreng (Reuters) – Gold prices slipped 1% toward 2-1/2-month lows on Monday as investors braced for a large interest rate hike by the U.S. Federal Reserve, as it seeks to contain soaring inflation, denting the zero-yield bullion’s appeal. Spot gold fell 0.9% to $1,880.01 per ounce by 1000 GMT, hovering near last week’s
What’s happening is “historic”, and on Friday… (by Half Dollar) What has been happening in the economy is “historic”. President Joseph Robinette Biden Jr’s word, not mine: Since I took office, our economy has created 7.9 million jobs and unemployment has dropped to 3.6%. It’s historic. Our economy has gone from being on the mend
Small businesses often need money. This is especially true for companies in the beginning stages of development. There are two basic types of funding available to small businesses—debt financing and equity financing. As a small business owner, which is best for you? Key Takeaways Start-up small businesses may use equity financing or debt financing to
In this article HOOD BRK.A Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now “unraveling.” “It’s so easy to overdo a good idea. … Look what happened to Robinhood from its peak to its trough. Wasn’t that pretty obvious that something like that was going to
Only last year, many economists were expecting 2022 to be a period of strong economic rebound. Businesses would return to full operation post-Covid. Consumers would be free to splash their accumulated savings on all the holidays and activities they had not been able to do during the pandemic. It would be a new “roaring twenties,”
Australian airline Qantas Airways has ordered a dozen aircraft to offer customers some of the world’s longest passenger flights from Sydney to London and New York by 2025, as pandemic restrictions in the region are lifted and international travel rebounds. The Australian airline will offer nonstop flights between Australia and Europe and the US after
Sharing is Caring! by Michael Even though there have been so many problems with the economy over the last 12 months, many Americans continued to believe that everything would eventually be okay because stock prices remained stubbornly high. But now that stock prices are crashing, the cold, harsh reality of what we are facing is
Billionaire investor Warren Buffett has once again slammed Bitcoin, asserting he “wouldn’t take” all of the BTC in the world for just $25. The 91-year-old, with a net worth of around $124 billion, is an avid crypto skeptic that once called Bitcoin “rat poison squared.” His arguments often stem around digital assets offering no tangible
Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer. Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea Tesla CEO Elon Musk has
Technology has been hit or miss when it comes to our money. While fintech apps promise to make managing our money simple, if not even enjoyable, not all of them deliver. I’ve tested hundreds of personal finance apps and tools over the years. Here are 5 of the best money apps I’ve found to manage
S&P Global Ratings placed New Orleans’ A-plus long-term and underlying ratings on general obligation and limited property tax debt on CreditWatch with negative implications due to a lack of timely information. “The CreditWatch action reflects that we will likely withdraw these ratings if we do not receive the city’s fiscal 2020 audited financial statements within
Silver price is beginning the new week on a downtrend amid heightened prospects of aggressive interest rate hikes by the Federal Reserve. Indeed, all eyes are on the Fed interest rate decision scheduled for release on 4th May. silver price Drivers for the new week The financial markets have priced in a rate hike of 50 basis
All of these similarities and differences are setting up a sea-change revaluation of capital, resources and labor that will… by Charles Hugh Smith via Of Two Minds All of these similarities and differences are setting up a sea-change revaluation of capital, resources and labor that will be on the same scale as the extraordinary transitions
For a long time, converting your traditional IRA to a Roth version was a fairly low-risk proposition. If you changed your mind at a later date, you could always reverse course. That ended with the tax bill former President Trump signed in December 2017. The legislation abolished the option to “recharacterize” a Roth conversion back
In this article BRK.A Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft’s proposed acquisition of the video game company will close. Berkshire now owns about 9.5% of Activision shares, Buffett said at the company’s annual shareholder meeting. “Occasionally I’ll see
Haulage companies that spent last year battling to hire drivers now have a new problem: a shortage of trucks. On both sides of the Atlantic, rising wages have helped lure workers back on the road after a lack of drivers strained the industry to breaking point, leaving shipping containers stranded at ports on the US
Germany has called for a phased-in ban on Russian oil imports into the EU, stepping up pressure on Brussels to find a deal between divided member states ahead of a crunch week for the bloc’s policy on Russian energy. Germany, the EU’s biggest economy and most powerful member, was initially reluctant to place sanctions on
A former Bank of America Merrill Lynch advisor will do a rehabilitation program and sidestep a criminal conviction after police charged him with bigotry over a smoothie shop tirade that was caught on video in January. James Iannazzo was granted entry into an accelerated rehabilitation program that places him under supervision for one year, after
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Dawn Newton, co-founder and chief operating officer of Netki — a remote digital identity verification technology provider intended to
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News
Women in traditional marriages, as many of our aging parents are, frequently leave the earning and directing of finances to their husbands. Some are in long-term, unmarried relationships that have the same feature. The man handled the money. We also know that statistically, women tend to outlive their men. Where does that leave the aging