May 9, 2024
Mortgage

Mortgage rates may be a bellwether for 2024 presidential election

WASHINGTON (AP) — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election. Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her pay covered her

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Mortgage

Home sales rose in January as easing mortgage rates, inventory enticed homebuyers

Sales of previously occupied U.S. homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup in properties on the market By ALEX VEIGA AP Business Writer February 22, 2024, 10:16 AM ET • 2 min read LOS ANGELES — Sales of previously occupied U.S. homes rose in January as homebuyers

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Crypto

Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world January 22, 2024, 10:30 AM ET • 2 min read NEW YORK — Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of

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Investors

Big Short’s Steve Eisman worries investors are too bullish in 2024

“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow

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Finance

Resilient economy energizes investors, as financial markets end 2023 up 24%

NEW YORK (AP) — The S&P 500 closed out 2023 with a gain of more than 24% and the Dow finished near a record high, as easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year. Stocks closed Friday with modest losses.

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Finance

This strategy can help you meet your financial New Year’s resolutions

Young woman counting money. Jose Luis Pelaez Inc That includes paying down credit cards, building emergency savings and investing more towards retirement. Experts say the best way to tackle those money goals, and make sure they do not fall by the wayside, is to make them automatic. Many people start with the bills, including rent,

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