The Federal Reserve left rates unchanged last week and signaled that only one cut is expected before the end of the year. That means anyone who carries a balance on their credit card won’t be getting much of a break from sky-high interest charges. “Consumers need to understand that the cavalry isn’t coming anytime soon, … Read more
Senior couple repairing kitchen cabinet at home Momo Productions | Digitalvision | Getty Images Alex Marrero and his wife bought their first home this spring in Coral Springs, Florida — and the couple has already spent nearly $17,000 on home maintenance, repairs and installations. While they knew they needed to do improvements from “the minute … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Danielle Shay, vice president of options at Simpler Trading, joins CNBC’s ‘The Exchange’ to discuss meme stocks, how to play the GameStop trade, and more. Source link
Hurricane Irma strikes Miami, Florida, in 2017. Warren Faidley | Getty Images Hurricane season has officially begun. With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. The National Oceanic and Atmospheric Administration said in its forecast May 23 that it expects an 85% chance … Read more
Stock splits have picked up in recent months. While stock splits don’t affect a company’s value, they can catalyze a move higher or lower, according to Wolfe Research. With this in mind, the firm provided a guideline to help investors gauge whether a stock split is a buying opportunity or a sign to steer clear. … Read more
While promises of a nuclear renaissance have failed to deliver in the past, there are signals that this time around the hype may actually be real, according to Morgan Stanley. The firm’s analysts see Curtiss-Wright , a company that supplies nuclear plants with crucial parts, as a potential winner in the space. The investment bank … Read more
The U.S. economy has remained remarkably strong. Boosted by a strong labor market, the country has continued to expand since the Covid-19 pandemic, sidestepping earlier recessionary forecasts even after a series of Federal Reserve interest rate increases. And yet, consumer sentiment recently sank to a six-month low. That disconnect is what Joyce Chang, JPMorgan’s chair of global research, calls a “vibecession.” … Read more
Klaus Vedfelt | Digitalvision | Getty Images If you plan to spend money on travel as the days get longer, sunnier and warmer, be careful: It could leave you with high-interest debt you will still be paying off through the fall and winter. Almost half (45%) of Americans plan to take a summer trip requiring … Read more
Westend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could reduce your bill, experts say. Most Americans do not owe taxes for selling a primary residence because of a special tax break — known as the Section … Read more
The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared with about 3% in 2019, according to an … Read more