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A series of interest rate hikes coming this year, said the Federal Reserve Chairman Jerome Powell during his confirmation hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The federal funds rate or benchmark rate is currently at a range of 0% to 0.25%. This year, it can go up as high […]
Capitalism always ignores politics and significant social justice issues. Rumor has it that Tesla Inc might move its headquarters to Austin, Texas. The company held its annual shareholder meeting there yesterday. Oracle, Apple (second-largest campus), Charles Schwab, and many more Silicon Valley companies have moved to Texas over the past couple of years. Moreover, many […]
The financial crisis of 2007-2008 has lasting economic impacts. In the fall of 2008, the US gross domestic product (GDP) fell by 4.3 percent. Two well-researched academic papers proposed a different reason for the Great Recession. The paper by Professor Baijnath Ramraika and Michael Benatar, titled “Real Estate Prices, Subprime Lending and Financial Crisis: Lessons […]
Universal basic income (UBI) or guaranteed income has been gaining more and more momentum since then-presidential candidate Andrew Yang made it the cornerstone of his 2020 presidential run. UBI promises to give people a fixed amount of money every month with no strings attached or stipulations on how to spend it. According to Bloomberg, at […]
The GameStop, r/WallStreetBets and Robinhood’s saga last month dampened Robinhood IPO hope and fractured its “Investing for Everyone” slogan. The revolt against the popular trading platform might not be warranted. In case you missed GameStop, r/WallStreetBets, and Robinhood Mayhem, here is a recap. Members of the subreddit WallStreetBets were bullish on GameStop’s stock. They thought […]
The stock market is on sale, but all sales are not created equal. Last week, the S&P 500 fell 20 percent below its peak and entered bear market territory since the pandemic. The Dow Jones Industrial Average and Nasdaq recorded...
By MacKenzy Pierre
Investors need to Netflix and chill and cancel all the noise coming from Wall Street analysts. The company announced yesterday that it lost net subscribers for the first time in its 2 ½ decades; its shares plunged 20% in after-hours...
By MacKenzy Pierre
Buying a home for the first time might be difficult, especially right now with the median U.S. home price above $400,000. Understandably, you’d be concerned about making an error that could have serious financial ramifications. On the other hand, first-time...
By Article Posted by Staff Contributor
As American household debt rises, credit card fixed-interest loans are becoming a significant percentage. Credit card companies are letting their cardmembers convert part or all of their credit card’s available credit limit into installment loans. Converting your revolving credit line...
By Article Posted by Staff Contributor
Auto loans are a popular way for individuals to finance the purchase of a new or used vehicle. These loans can be secured or unsecured, meaning...
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A mortgage rate buydown is a financing strategy borrowers use to reduce the interest rate on their mortgage loans. Sellers start offering it as a concession...
By Article Posted by Staff Contributor
Financial literacy is understanding and using financial knowledge to make informed decisions. With the average American holding a debt balance of $96,371, it is an essential...
By MacKenzy Pierre
The 2023 US stock market outlook is an exciting topic, as it is difficult to predict the market’s future. However, a few key factors can help...
By Article Posted by Staff Contributor
The dismal performance of blockbuster IPOs such as electric car maker, Rivian, the trading platform Robinhood, and others forced many top anticipated 2022 IPOs to sit...
By MacKenzy Pierre
The U.S. IPO market plummeted in 2022, with 181 deals raising $9 billion, including special-purpose acquisition companies (SPACs) and direct listings. According to Ernest & Young...
By MacKenzy Pierre
How Do You Build Wealth: Start Your Own Business is the latest article from our “How do you build wealth” series Read “How Do You...
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How Do You Build Wealth: Invest in Real Estate is the latest article from our “How do you build wealth” series Read “How Do You Build...
By Article Posted by Staff Contributor
The benchmark 30-year fixed mortgage might hit 7.5% by the end of the year. Rate hikes are starting to percolate into the economy and have unintended...
By MacKenzy Pierre
How Do You Build Wealth: Invest in Financial Assets is the latest article from our “How do you build wealth” series Read “How Do You Build...
By Article Posted by Staff Contributor
Auto loans are a popular way for individuals to finance the purchase of a new...
A mortgage rate buydown is a financing strategy borrowers use to reduce the interest rate...
Financial literacy is understanding and using financial knowledge to make informed decisions. With the average...