After a year like 2022, when both stocks and bonds went down, it was pretty much a slam dunk that Wall Street would step up the marketing of alternative assets that might act differently — the next time around.A new report from consulting firm Escalent says 70% of financial advisers…
How much do you need to earn to afford a $500,000 home? Here is the answer.
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Let’s pick a round number. How much money do you…
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Traders see virtually no chance interest rates will end up where Fed thinks in 2023
Concerns that the U.S. might be approaching a recession have traders expecting interest rate cuts from the Federal Reserve this year, despite policy makers’ projections from March that signal otherwise.While the median estimate from Fed policy makers points to the likelihood that rates will need to end the year slightly…
3D-printing startup crushes recycling with disposable clay cups, inspired by the 5,000-year-old kulhar
Centuries-old practices could make all of us better stewards of Earth, even as we cling to modern habits like buying a to-go coffee in a disposable cup. San Francisco- and Berlin-based 3D-printing startup GaeaStar and its founder and CEO, Sanjeev Mankotia, are attracting investment for at least one solution to…
An Alabama woman was arrested for falling behind on her trash bill. She’s far from alone.
Nortasha Jackson, a 49-year-old grandmother and self-described “Southern girl,” became a proud homeowner in Valley, Ala., about three years ago. Her house, located a short walk away from a lake, became her “blessing,” she said.Many people don’t get a shot at homeownership, and she certainly never thought she’d be so…
Most Americans say it’s a bad time to buy a home, according to Fannie Mae. Here’s why.
Mortgage rates are at the lowest level in two months, but consumers still think it’s a bad time to buy a home, according to a new report. Fannie Mae’s FNMA Home Purchase Sentiment Index, released Friday, fell by 3.3 points in March to 61.3, which is only slightly above an…
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Biden team on track for toughest-ever limits on auto pollution: report
The Biden administration is reportedly days from proposing the toughest-ever U.S. limits on emissions from cars, SUVs and pickup trucks, but will likely stop short of a ban on gas-powered vehicles and a mandate to buy electric. The proposed standards on cars and light trucks is set to be announced…
Bond yields log biggest daily gain in about 2 weeks as jobs report seen boosting Fed rate-hike chances
Treasury yields rose sharply in holiday-abbreviated trading Friday, though rates still concluded the week lower overall, after employment data for March was seen boosting the chances of another Federal Reserve interest-rate hike next month. What happenedWhat drove markets The U.S. economy added 236,000 new jobs in March, in line with…