Investing
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Banks face yet another risk, this time from faster payments, Moody’s says
A forthcoming Federal Reserve initiative to enable faster payments could give consumers and businesses more flexibility but bring further risk for banks, according to a Moody’s analyst. With the Federal Reserve slated to roll out its FedNow instant-payment system in July, Moody’s analyst Stephen Tu weighed in Monday to suggest the service may end up…
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HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.
Goodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways to monetize the pandemic surge in home prices, according to BofA Global. It used to be that borrowers sitting on an estimated $33 trillion pile of equity…
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[Save ?] Upcoming Events June 26th Week
?Did Someone Say Complimentary?!? It’s Official, Jeff Williams Is TOO Generous! Wednesday, June 28, 9AM ET. Market Navigator’s Trade of the Day’s Open to the Public! *results not typical., performance not prmoised You’ll Receive Jeff’s S&P 500 Trade Of The Day… Real-Time Mentorship…The S&P 500 At It’s Finest! ?New: Atomic’s Going Quarterly? Atomic Trades…
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Apollo leads big debt investment in chip maker Wolfspeed: reports
Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday. Bloomberg News reported the deal would make $1.25 billion available immediately to Wolfspeed, with another $750 million that could be drawn later.…
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What’s next for markets after aborted Wagner mutiny leaves Russia’s Putin weakened
Investors will start the week nervously sorting through the aftermath of a short-lived rebellion by the mercenary Wagner Group that’s seen leaving Russian President Vladimir Putin weakened. “As Monday’s global markets are set to begin trading, investors are laser-focused on whether the short-lived Russia insurrection was only the beginning of a much deeper thunderbolt set…
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Pride Month: These are the 5 most LGBTQ-friendly states in the U.S. — and the least
A number of states are becoming less friendly toward LGBTQ+ people — and they’re putting themselves at economic risk as a result. That’s according to the annual LGBTQ+ Business Climate Index survey from Out Leadership, an organization that connects LGBTQ+ people and their allies with companies around the world. The survey tracks all 50 states…
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Why the ‘easy money’ has been made in the stock-market rally — and what comes next
A revitalized 2023 stock-market rally finally ran out of fizz last week. And it might take some time to get back on track in the face of a dip in market liquidity and signs that a surge of buying fueled by “fear of missing out” has largely run its course. “We don’t think the rally…
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The answer is in NYC ?
The Stock Surgeon Strikes Again! Jason Bond continues his surgical approach ?to growing a 2k trading balance. And right now… you can access BOTH journeys! Journey A -> 37 trades in… up $10,922 (+573%) (NEW) Journey B -> 5 trades in…up $2,406 (+120%) *trading is hard, results not typical, performance not guaranteed Check out…
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Struggling to buy a house in 2023? Try these tactics from 2021, real-estate agents say.
Home buyers have accepted the new normal of 7% mortgage rates, but now they’re feeling a sense of déjà vu as real estate is back to being a competitive sport in many parts of the U.S. At the beginning of this year, buyers were still holding on to hope that mortgage rates would go back…
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What we know — and don’t know — about the Russian rebellion
What we’re seeing in Russia this weekend appears to be the most direct challenge to the near-quarter-century rule of Vladimir Putin. It is the direct result of the bungled war he launched against Ukraine 16 months ago today. That his onetime ally Yevgeny V. Prigozhin — whose quasi-private army, the Wagner Group, has turned on…