Cash News Since March 13, 2020, federal student loan borrowers haven’t had to think much about their student loan payments. The U.S. Department of Education suspended payments, interest was set at 0%, and millions of borrowers hoped President Biden’s debt relief plan would come to fruition. But payments started up again in October 2023, but […]
Some foreign investors in China are most worried by the country’s souring relations with the West. Others fret about the unprecedented slump in its property market. Many are simply tired of losing money. Rumours that officials are considering steps to stabilise the country’s markets may have brought respite in recent days, but over the past […]
Cash News When you have delinquent taxes or certain other types of debt and you’re owed a tax refund, you may find that the government has taken some or all of your tax refund. The Treasury Offset Program allows the Department of the Treasury to withhold money from tax refunds and Social Security benefits to […]
Blackstone listed on the New York Stock Exchange during the summer of 2007. Doing so just before the global financial crisis was hardly auspicious, and come early 2009 the firm’s shares had lost almost 90% of their value. By the time the two other members of America’s private-markets troika rang the bell, Wall Street had […]
The interest-rate market has a dirty secret, which practitioners call “the hairy chart”. Its main body is the Federal Reserve’s policy rate, plotted as a thick line against time on the x-axis. Branching out from this trunk are hairs: fainter lines showing the future path for interest rates that the market, in aggregate, expects at […]
Cash News If you’re a frequent Amazon.com shopper, finding a credit card with rewards on your regular spending can be an easy way to save. Among the different co-branded credit card options the online giant offers, the Amazon Store Card is designed specifically for purchases with Amazon. With it, you can qualify for financing deals […]
Little is more symbolic of globalisation than a McDonald’s hamburger. The American fast-food chain opened its first Chinese branch in 1990. The outlet was in Shenzhen, a small town just across the border from Hong Kong, which was home to the country’s original “Special Economic Zone”—an area where the Chinese government could try market liberalisation […]
Cash News If you’re looking for the highest rate on a certificate of deposit (CD), you might have to look beyond your bank. For higher yields and much longer maturity periods — sometimes as long as 30 years or more — consider buying a brokered CD. Just keep in mind that brokered CDs are more […]
When Russia invaded Ukraine in 2022, the arrival of war in one of the world’s breadbaskets sent the price of foodstuffs soaring—with one exception, sugar. But last year was worse for folk with a sweet tooth. As grain prices fell, sugar prices jumped (see chart). Source link
Cash News Mortgage rates increased again this week. The average 30-year fixed rate has gone up for the fourth week in a row, and the 15-year fixed rate has risen for the second straight week. A huge indicator of when mortgage rates will go down is when the Federal Reserve lowers the federal funds rate. […]