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Rising interest rates are cooling off the U.S. housing market. The average interest rate on a 30-year mortgage, the most popular U.S. home loan, has risen to 6% for the first time since the 2008 financial crisis. Consequently, mortgage loan applications in the U.S. are down 64% from this time last year. Higher interest rates
The threat of a global recession is growing as central banks focus on bringing down soaring inflation rates by aggressively hiking interest rates, according to the World Bank. Global inflation has been rising at the fastest pace in decades, due to supply constraints, the Russian invasion of Ukraine and elevated energy prices.  In a new report, World Bank economists warned that the
FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multibillion-dollar crypto giants spiraled into bankruptcy this year. FTX’s main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of
Finding the best NFT stocks can be a dizzying prospect. Digital artwork going for millions of dollars, fashion brands creating digitalized wearables, and auction houses selling blockchain-based artwork; 2021 is likely to go down as a landmark year for nonfungible tokens (NFT). Billions have exchanged hands in the past year, with people rushing to own
In a situation that appears to be unprecedented, the U.S. is now in cold wars with two other, major powers: Russia and China. And given the huge importance of technology in today’s world, America is also fighting a tech cold war with both of those nations. The struggle has multiple components. Washington is taking steps
Solar power generation is increasing in terms of importance to countries and individuals looking forward to a renewable energy future. For long-term investors, that often means solar stocks are one of the first places investors look for growth opportunities. That said, there are some compelling companies in the solar power generation business that also provide meaningful
It is important for options traders to understand the complexity that surrounds options. Knowing the anatomy of options allows traders to use sound judgment, and it provides them more choices for executing trades. The Greeks An option’s value has several elements that go hand-in-hand with the “Greeks”: The price of the underlying security Expiration time Implied volatility The
What Are Currency Regimes? A history of currency regimes, or exchange-rate regimes, is, by necessity, one of international trade and investment and the efforts to make them successful. Sovereign debt levels and gross domestic product (GDP) figure importantly as well in the degree of a currency’s volatility. An exchange rate is simply the price of
High-income earners can’t contribute directly to a Roth IRA. But thanks to a tax loophole, they can still make contributions indirectly. If you qualify to take advantage of this tax loophole, you should. The government clearly sanctioned the practice of contributing to a Roth in a roundabout way. If you take advantage and maximize your
Cryptocurrency is a unique financial instrument that enables anyone with an internet connection to participate in a distributed economy. That includes opportunities to earn passive income. There are unique risks associated with investing and earning with cryptocurrency, even though it may seem like a bank account or social lending platform. Here’s a closer look at
Nothing changes broader behaviors more so than a sharp paradigm shift, which is exactly what is bolstering the best clean energy stocks to buy now. With geopolitical tensions skyrocketing along with climate change dynamics that can’t be ignored, the international community is scrambling to make necessary adjustments. Therefore, investors who get in at current discounted
As your child moves toward adulthood, you face several milestone decisions that involve, in part, a desire to help your child become more independent and responsible. But one milestone for your child that you may not anticipate—even though it will be part of their growing-up experience—is filing that first income tax return. Key Takeaways Children generally
If you cannot keep up with your mortgage payments, the prospect of foreclosure—and with it losing your home—can be daunting. Still, foreclosure is a rigorous legal process, and you have certain rights based on state law along with the mortgage documents you signed. Knowing your rights can help you navigate the foreclosure process as smoothly