Cash News For many people, trying to save enough money for a on a home may feel like an overwhelming task. According to the Federal Reserve, the average sales price of houses sold in the United States was $501,700 in Q2 2024. Meanwhile, the median home down payment was $64,000 during that same period, a […]
Some hikers believe that the last mile is the hardest: all the blisters and accumulated aches slow progress at the very end. Others swear that it is the easiest because the finishing line is in sight. For the Federal Reserve, the last mile of its trek to bring inflation back to its 2% target has […]
Time served on Wall Street has long smoothed the path to the top job at America’s Treasury. Before he was the first treasury secretary Alexander Hamilton could boast, among other things, a role in establishing the Bank of New York, which is still in business. More recently, and somewhat less heroically, Robert Rubin and Hank […]
Celebrations over a settlement between agents and homeowners are premature Source link
“Economics is a study of mankind in the ordinary business of life.” So starts Alfred Marshall’s “Principles of Economics”, a 19th-century textbook that helped create the common language economists still use today. Marshall’s contention that economics studies the “ordinary” was not a dig, but a statement of intent. The discipline was to take seriously some […]
Cash News With any luck, the time between making an offer and closing on a house will be smooth sailing. However, there are plenty of things that could go wrong, big or small. That’s why many buyers include contingency clauses in their offers — these conditions can protect buyers if something unforeseen happens before closing […]
It is becoming harder for investors to ignore politics Source link
EVERY WEEK, a new high. Little wonder a sense of unease is settling over markets. Some 40% of global fund managers think that artificial-intelligence (AI) stocks—a crucial driver of the rally—are already in a bubble, according to Bank of America’s latest monthly survey. Even Wall Street’s most starry-eyed pundits reckon America’s S&P 500 index of […]
Cash News Certificates of deposit (CDs) earn a fixed interest rate for a set period of time, known as the term. CD terms range from one month to a decade or longer. With so many options, it can be hard to know what the ideal term length for a CD is. Choosing CD terms involves […]
A decade ago Xi Jinping was welcomed to Duisburg in Germany’s Ruhr valley. He praised the region as a hub for Chinese investment; greeted a train that had spent a fortnight travelling from Chongqing, via Russia, to Europe’s industrial belt; and enjoyed an orchestral performance of traditional mining songs. More recently, another Chinese arrival in […]