Photo: Maria Korneeva (Getty Images) The prospect of owning a house has never felt more out of reach for renters. Renters’ self-assessed probability of ever owning a home fell 4.3 percentage points to a record low 40.1% as of February, according to a New York Federal Reserve survey published Monday. Wegovy and Ozempic: Are we
While vehicle prices have steadied through late 2023 and early 2024, Bankrate Chief Financial Analyst Greg McBride predicts that high interest rates on auto loans will linger for those with weak credit profiles. Associated Press File Photo, 2023 NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates
OMAHA, Neb. — Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become “the growth industry of all time.” Doubling down on his cautionary words from last year, Buffett told the throngs he recently came face to face with the downside of
Tens of thousands of people are expected to flock to Omaha, Nebraska, to soak up wisdom from investing wizard Warren Buffett By JOSH FUNK AP Business Writer May 4, 2024, 12:03 AM ET • 3 min read OMAHA, Neb. — Tens of thousands of investors are expected to once again descend on an Omaha, Nebraska,
As homebuyers grapple with record prices this spring, mortgage rates have also crept up. On a 30-year fixed loan, the average rate was 7.39% as of May 1, according to Bankrate’s survey of large lenders, marking three straight months of 7% rates. Blame inflation. It’s still stubbornly elevated, rising to 3.5% in March, and that’s
If an investment club has lasted for 67 years, then it must be doing something right. The Frontier Investment Club’s eight current members are keeping the decades-old tradition alive by following a formula that works for them. They pool their money, vote on whether to buy or sell the stocks they research, and have some
NAIROBI, Kenya (AP) — When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. Climate tech was new in Africa, the continent was a fledgling destination for venture capital money, there
Solana, the cryptocurrency platform that FTX fraudster Sam Bankman-Fried has recommended to his jail guards as a red-hot investment, has become ridden with racist and antisemitic coins. Sleazy crypto entrepreneurs — looking to grab cash in the middle of the massive Bitcoin rebound — are using Solana’s blockchain platform to mint a slew of crypto
Martin Kidston (Missoula Current) The U.S. Department of Transportation on Friday made $2.4 billion available to help local railroads modernize both freight and passenger rail infrastructure, and the Big Sky Passenger Rail Authority may consider several projects. The Consolidated Rail Infrastructure and Safety Improvement program, or CRISI, looks to advance projects that modernize the nation’s
A rising dollar spells trouble for investors
So why is the dollar so strong today? Three reasons. First, the US economy is on fire. It has shrugged off the last two years’ rising interest rates, creating new jobs, increasing wages and keeping a lid on unemployment. Money follows growth. The second reason is those interest rates, which are showing no signs of