Investing News

We live in a sharing economy. This is an economic model that uses peer-to-peer activity, allowing individuals to acquire and provide goods and services to one another. This includes everything from access to capital, data, fashion, employment, and even transportation. The latter is commonly referred to as ride-sharing but you probably know it better by
After three days of increases that took the already elevated 30-year mortgage average to its highest level since October 2008, 30-year rates finally tapped the brakes Wednesday. That’s despite the Federal Reserve raising the federal funds rate another 0.75 percent yesterday, again illustrating that the Fed’s rate moves are not directly linked to mortgage rates.
Inflation occurs when an economy grows due to increased spending without an accompanying increase in the production of goods and services. When this happens, prices rise and the currency within the economy is worth less than it was before. The currency essentially won’t buy as much as it would before. When a currency is worth less, its exchange
Consumer protection laws are made to protect consumers from fraudulent business practices, defective products, and dangerous goods and services. They play an important role in a reliable market economy, helping to keep sellers honest, with no threat of unpleasant surprises. Consumer protection laws in the U.S. are comprised of various federal and state laws, each
What Is Decentralized Finance (DeFi)? Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. In the U.S., the Federal Reserve and Securities and Exchange Commission (SEC) define the rules for centralized financial institutions like banks and brokerages, which consumers rely on to access capital and
The annual percentage yield (APY) on a certificate of deposit (CD) is the amount of interest you will earn each year. The APY is normally expressed as a percentage, so you might see a CD advertised as having a 1% APY. In this case, if you have $100 in the CD, after a year, you
The decision to start a family can be one of the most life-changing, meaningful, and expensive things a person does. Having a measure of control over that process means choosing the number of children you will have and when you will have them. Family-planning services are key to achieving that goal. These include programs that prevent
For people of average wealth, credit cards are ways to get by when money is tight, make additional purchases, or earn generic rewards. The super rich, however, have access to cards that give them luxurious perks, helping them to further fund their extravagant lifestyles. Many of these exclusive credit cards come only through invitation or
One of the leading crypto market makers, Wintermute, has lost about $160 million in a hack, becoming the latest crypto firm to suffer a breach. Wintermute’s CEO and founder, Evgeny Gaevoy, revealed in a series of tweets that the firm’s decentralized finance operations were compromised on Sept. 20. A crypto market maker provides liquidity on
If you can walk into a supermarket and find Costa Rican bananas, Brazilian coffee, and a bottle of South African wine, you’re experiencing the impacts of international trade. International trade is the purchase and sale of goods and services by companies in different countries. Consumer goods, raw materials, food, and machinery all are bought and
CEOs of some of the biggest banks in the country are expected to appear before the House Financial Services Committee today and the Senate Banking Committee tomorrow. The title of the hearings is “Holding Megabanks Accountable.” JPMorgan’s Jamie Dimon, Bank of America’s Brian Moynihan, Citi’s Jane Fraser, and Wells Fargo’s Charles Scharf will all be in attendance,
The world has changed substantially thanks to the COVID-19 pandemic. Nowhere is this more evident than in the travel and tourism industry and the workforce. Economic losses continue to mount in tourism-dependent countries as people remain reluctant to travel. And employers now allow their staff to operate outside the office—something most companies see for the
What Is the American Families Plan? Frequently described as an “ambitious” plan to reinvigorate American households, the American Families Plan is one part of the Biden administration’s larger economic recovery framework, “Build Back Better,” which the White House says will restore the middle class and help families make ends meet. The $1.8 trillion families plan