Prospective homebuyers will need to wait a little longer for interest rates below 6%. The average mortgage interest rate for 30-year, fixed-rate mortgages rose to 6.77% this week, Freddie Mac reported. Last week’s average was 6.64%, and a year ago, 30-year mortgages averaged even lower at 6.32%.The average interest rate…

The Biden administration’s rollout of a new system for college students and their families to access federal financial aid has prompted a government watchdog to open two new investigations into the botched overhaul. A bipartisan omnibus spending bill enacted in December 2020 included legislation aimed at reforming and streamlining the…

Introduction A quarter has passed since I initiated a “Buy” rating on Organon & Co. (NYSE:OGN). In this time the stock has gained around 63% – that’s 7 times more than the return of the S&P 500 Index (SPX) (SPY) in the same period: Seeking Alpha, the author’s coverage of…

Trump speaks out about IVF but stays silent on abortion. Reporter has theory why Former President Donald Trump said he supports women having access to in vitro fertilization in response to the Alabama Supreme Court’s IVF ruling. CNN’s Kristin Holmes explains how Trump is trying to walk a fine line…

The Federal Reserve’s pushback on expectations for interest-rate cuts over the past two weeks has investors closing watching inflation data and piling more cash into money-market funds.Investors stashed a record $6.48 trillion away in U.S. money-market funds through the end of January, with the balance growing as euphoria in December…

There’s about to be a new king of the stock-market jungle. Microsoft Corp. is set to become the most highly valued U.S. company ever, surpassing the record market capitalization set by long-time leader Apple Inc. Microsoft’s stock MSFT, -0.32% has been on a roll this year, as it has ridden…

I have an 11-month term CD that started mid-year. When logging into my CD account there’s no 1099 available for last year. Should I pay taxes for two years?The representative at the bank claims that since my interest is paid at maturity, all tax income is due at that time.…

Chicago Federal Reserve President Austan Goolsbee on Friday declined to say when he thinks the central bank will cut interest rates, but he said reductions could be expected this year “if we continue to make surprising progress on inflation.” “We don’t want to commit ourselves before the job is done,”…

© Reuters. Reinsurance Group of America (NYSE:) has reported a robust performance for the fourth quarter of 2023, with adjusted operating earnings of $4.73 per share and $19.88 per share for the full year. The company’s adjusted operating return on equity (ROE) stood at an impressive 14.4% for the year,…

By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 2% on Thursday after unsubstantiated reports of a ceasefire between Israel and Hamas and after a power outage forced a large U.S. refinery to shut. A Qatari official told Reuters there was no ceasefire yet, but repeated that Hamas had…