Housing markets across the United States are on fire; skyrocketing values may be the death of the 20% down payment. Especially for first-time home buyers, the challenge of coming up with a 20% mortgage down payment can be nearly impossible, especially when continuing to save for other financial goals like retirement. Waiting for a larger
The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs the economic recovery is well underway. But it’s clear rates won’t stay near rock-bottom forever. Recent data showing higher consumer prices and lower unemployment will pave the way for unwinding last year’s bond buying and near-zero interest rates. “Being 7.8 million jobs
The E.&J. Gallo Winery will build a new plant in South Carolina, Gov. Henry McMaster and the state Department of Commerce said Tuesday. The $423 million production facility and distribution center in Chester County is expected to create 496 new jobs over the next eight years. In May, the Commerce Department received authorization from the
US president Joe Biden and his Russian counterpart Vladimir Putin are meeting in Geneva on Wednesday for talks aimed at arresting a rapid decline in relations between two countries beset by mutual distrust. In their first face-to-face encounter as leaders, the presidents will grapple with accusations, complaints and charges against one another, including alleged Russian
The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market could be shifting in favor of bulls. Data from Cointelegraph Markets Pro and TradingView shows that within the last few hours
Municipals played catch up to U.S. Treasuries and were softer outside of 10 years, but the primary was the focus Tuesday with several large new issues repriced to lower and higher yields. Triple-A benchmarks rose one to two basis points, USTs were little changed on the day in the 10-year and off a basis point
Purchasing a stock that’s being pumped up by hype is going to give you a recipe for disaster. Pump & Dump Concept What does the Pump & Dump concept mean to you when it comes to your trades? More importantly, what does Pump & Dump mean? It means that a group, entity, or person is
Stocks are down roughly 10% in just one week’s time and there is still plenty of worry over China right now. Eric Dutram takes a look at several inverse ETFs which have gained more roughly 10% in the past week and could be poised for more gains if the turmoil continues. However, Eric also cautions
Selling with the goal of profiting, also known as shorting, is one of those things that many new traders are baffled by. How can I sell something that I don’t own? How can I win if something appears to be losing? This video answers those questions and more. From the definition of the term, to
CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
In this article HRB RBLX LZB ORCL Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018. Smith Collection | Gado | Getty Images Check out the companies making headlines in after-hours trading Tuesday: Oracle — Shares of the software company dipped more than 2% despite Oracle posting better-than-expected
Boxer Sugar Ray Leonard is hoping for a knockout in the real estate market. He recently relisted his Pacific Palisades estate for $46.5 million, tapping a trio of agents, including luxury real estate specialist Drew Fenton of Hilton & Hyland, to handle the sale. The gated and hedged 1.7-acre property features a seven-bedroom, 16,700-square-foot home
For Lease sign in window, Queens, New York. Lindsey Nicholson | Education Images | Universal Images Group | Getty Images Once-temporary rent breaks for retailers are expected to become the new standard among landlords, even after pandemic restrictions end and shopping rebounds, the Wall Street Journal reported Tuesday. Mall vacancies in the U.S. hit a
When Tesla CEO Elon Musk revealed his company’s Bitcoin (BTC) exposure and announced the launch of crypto payments, BTC took off to reach its all-time high. Shortly thereafter, however, Musk started tweeting about concerns over BTC’s environmental impact and Tesla reversing its crypto payments policy, leading to Bitcoin losing half of its value and the
Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon Musk who said the carmaker wil accept Bitcoin payments if more than 50% clean energy is
The nine justices of the Supreme Court are scheduled to huddle behind closed doors June 24 to decide whether a potentially landmark case involving the taxation of telework will be placed on their docket for the fall term. The Biden administration last month asked the justices to not take this case involving temporary taxation of
The EU has excluded 10 of the heaviest-hitting banks in the debt market from running lucrative bond sales as part of its €800bn recovery fund, over historic breaches of antitrust rules. Brussels’ biggest ever borrowing spree kicks off on Tuesday with the sale of a new 10-year bond to fund the NextGenerationEU programme under a
Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.” Goldman Sachs Gets Ready to Offer Ether Futures
Municipals were little changed Monday as the market awaits the larger new-issue calendar and participants position themselves ahead of the Federal Reserve meeting. After a week of U.S. Treasury strength, rates rose Monday bringing the 10-year back to 1.50% after hitting 1.43% Thursday, a three-month low. Municipals did not follow and few participants anticipate any
In today’s episode of let’s talk stocks, we will go into some technical analysis basics, and we’ll take a look at the cup and handle pattern. This can be both a reversal and a continuation pattern. We’ll talk about what the pattern looks like, it’s previous trend, volume, as well as some projections, entry points