Personal Finance
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Dan Snyder agrees to sell NFL’s Washington Commanders to 76ers owner Josh Harris
Dan Snyder has agreed to sell the NFL’s Washington Commanders to a group led by Josh Harris and Mitchell Rales, the team announced on Friday. The deal values the team at $6 billion, according to reports from ESPN and NFL Network. “We are very pleased to have reached an agreement for the sale of the…
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U.S. bank deposits decline for second straight week
The numbers: Deposits at commercial U.S. banks declined in the week ended May 3, according to the Federal Reserve on Friday. Deposits fell to $17.15 trillion from $17.16 trillion in the prior week, the Fed said. There has been a steady erosion in deposits as interest rates have risen. A main reason is that money-market…
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‘Am I heartless?’ My husband’s business collapsed and we sold our house. He left home to sell real estate, but failed. Should I bail him out?
My husband lost his business many years ago, and we had to sell our house to pay off his debt. I had a part-time job then because I needed to take care of our two young children. My husband stopped bringing in any income. A few times, he gave me money, but the source was…
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The regional-bank crisis did not appear over on Thursday
While prominent gurus in the financial world have declared the end of the regional banking crises after the failure for four large regional banks, depositors and shareholders of those banks don’t necessarily agree. As baseball Hall of Famer Yogi Berra once said, it ain’t over until it’s over. And the banking crisis still has legs,…
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How debt-ceiling worries could play out in risky corporate bond market, according to CreditSights
The longer the debt-ceiling debate goes unresolved, the more pressure that risks building in credit markets. “Congress and President Biden have only a handful of scheduled days in session to come to an agreement to raise or suspend the debt limit,” CreditSights analysts led by global head of strategy Winnie Cisar said in a note…
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Stocks end mixed ahead of inflation data
U.S. stocks posted a mixed finish Monday, struggling for direction as investors weighed a Federal Reserve survey of loan officers for signs of a credit crunch, awaited inflation data due this week and tracked choppy trading in shares of regional banks. A small rise for the Nasdaq Composite, however, was enough to see the index…
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Would-be home buyers are more optimistic about the housing market — for one big reason, says Fannie Mae
Consumers expect mortgage rates to drop, so they’re feeling a lot more optimistic about the housing market, according to a Fannie Mae FNMA poll published Monday. After the U.S. Federal Reserve’s rate increase last week, the Fed Chair signaled a potential pause in hikes. Rates dipped after the news, and economists are expecting mortgage rates…
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Recession fears hang over market insisting on rate cuts as Fed loan survey looms
Parts of the U.S. financial markets are bracing for a hard landing for the U.S. economy, as investors await insights into credit conditions from the Federal Reserve’s upcoming loan officer survey due this week. The Fed’s aggressive interest rate hikes over the past year to tame high inflation has led to recent regional-banking trouble that…
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This real-estate agent listed 2 houses. He showed them 88 times, and got 12 offers. ‘I didn’t even have my sign in the ground’
In early April, Atlanta-based real-estate agent Zak Elfenbein listed two newly renovated homes, nestled in a quiet suburb in Douglasville, Ga. He wasn’t sure what to expect. The homes were 25 miles west of Atlanta, and were being sold by home flippers. Mortgage rates were above 6%, and home prices were high. But there was…
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Should I invest $20,000 in cash or stocks? The stock market is volatile, and the Fed hiked rates (again).
I just moved to the U.S. to join my family, and I have about $20,000 in my bank account, and I’m not sure how to invest it. I have no need for the money at the moment, but I’ve applied for a master’s program and want to fill out a Free Application for Federal Student…