With budgets strained, some Americans are embracing risky financial behaviors to make ends meet, a recent survey said. High inflation and interest rates pushed 35% of Americans to drain cash or consider draining cash from emergency savings and 26% have skipped or are considering becoming delinquent on their credit cards,…

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The average 30-year fixed-rate mortgage rate increased to 6.43% for the week ending April 27, 2023, according to the latest Freddie Mac data. That’s up from last week when it averaged 6.39%. A year ago, it averaged 5.10%.  The average 15-year fixed-rate mortgage rate decreased to 5.71%, down from last…

The exodus from high-tax states continues. A growing number of Americans are migrating from predominantly blue states with steep taxes like California and New York to red states with lower taxes like Florida and Texas, according to a Bank of America analyst note that is based on aggregated and anonymous…

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise.The two entities signed an agreement that would combine the PGA Tour and LIV Golf’s commercial businesses and rights into…

Higher rates and overhangs from this year’s banking crisis will drastically slow economic growth for the biggest global economies, the World Bank said Tuesday.The institution said advanced economies — the U.S., Japan and Euro area countries — are expected to grow by only 0.7% in 2023, down from 2.6% in…

Your iPhone’s autocorrect is getting a big ducking upgrade. Currently, when you enter a typo or key in an unrecognized word, Apple’s iOS uses some onboard machine learning and references a library of frequent misspellings to automatically correct your mistake. But, as anyone who has ever been seriously annoyed has…

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Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against the largest US based crypto…

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