Mortgage rates dipped just under 7% this week after crossing above that threshold in the prior reading as rates remain stubbornly high, stifling the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.99% this…

Parents are increasingly saving money for college, but a recent survey said that less than half feel ready to pay for the first tuition bill by the time their child leaves high school, a recent survey said.  Three out of four parents who saved for college had, on average, $45,000…

Summer travel is heating up with the weather, but consumers are weary about spending too much. Nearly 71% of consumers blame inflation for impacting their road trip plans, an Experian survey found. A majority of survey respondents planned to spend an average of $1,000 on their trips this summer. Road…

Consumer Staples stocks have quietly produced gains so far this quarter, nearly keeping pace with the tech-dominated S&P 500. While there has been an uptick just recently in Consumer Discretionary stocks, namely a fresh high in shares of Amazon (AMZN), many blue-chip Staples continue to trade at premium valuation multiples…

Iran’s presidential poll was heading for a second round on Saturday after no candidate garnered half the votes in an election marred by a record low turnout. The run-off will offer voters a stark choice between a reformist promising to improve relations with the west and ease social restrictions, and a…

TOKYO (Reuters) – Japanese authorities are committed to a flexible exchange rate, which acts as a shock absorber and supports the Bank of Japan’s monetary policy objective, a senior International Monetary Fund (IMF) official said on Wednesday. “We’ve had very good discussions with Japanese authorities on exchange rate issues. Let…

(Reuters) – Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs. While job cut announcements in the United States more than doubled month-on-month…

When you receive Social Security retirement benefits while working, you could run into one of the more complicated and confusing rules, the Social Security earned income limit, or earnings test. The rule exists because Congress historically discouraged people from working while receiving Social Security benefits. You can receive Social Security…

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President Joe Biden’s income-driven repayment plan hit a legal snag this week after two federal judges blocked parts of it that were set to take effect next week.  The Biden Administration introduced the Saving on a Valuable Education (SAVE) plan after the Supreme Court struck down Biden’s student loan forgiveness…