Buck Bully
[Forbes, Getty Images] Bitcoin has found fresh support this year, bolstered by growing disquiet among investors over central bank and government stimulus measures. The bitcoin price, up around 50% since January to $11,400 per bitcoin, has rallied in line with equity markets since a coronavirus-induced crash in March. Now, after the bitcoin […]
[Bitcoinist, Shutterstock] Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 […]
[FX Empire] Mortgage rates fell to another all-time low in the week ending 15th October. Following a 1 basis point fall in the week prior, the 30-year fixed rate fell by 6 basis points to 2.81%. Compared to this time last year, 30-year fixed rates were down by 88 basis points. […]
[Forbes, Getty Images] Larry Light: Is there a way to use retirement funds, like an IRA, funds to pay off the bank without having to take a taxable distribution? This money, of course, is invested before taxes, and only is taxed when it’s withdrawn. Stephen Nelson: No, unfortunately. But with a little […]
[USA TODAY, GETTYIMAGES] Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage and rent payments. More than 6 million households failed to make their rent or mortgage payments in September, according to the Mortgage Bankers […]
[MarketWatch, Getty Images] Robinhood told users on Thursday, hours before the market open, to raise their cash buffers on several widely held stocks because they could face an account deficit. The trading platform said that to “help protect” customers from increased volatility before the US election, from Friday onward it […]
[The New York Times] Two new studies show the effect of the emergency $2 trillion package known as the Cares Act and what happened when the money ran out. WASHINGTON — After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now […]
The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years. The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound. Sales of new and existing homes have thrived […]
[CNBC] First-time filings for jobless claims last week hit 898,000, above the Wall Street estimate of 830,000. That was the highest level since Aug. 22 and a sign of the ongoing struggles in the labor market. Continuing claims again fell sharply, dropping to just over 10 million American workers continued […]
[Bloomberg] Even small pay raises can wipe out income-based public aid Policy creates a ‘perverse incentive’ to try to exit poverty Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say. About a quarter of lower-income workers effectively face marginal tax […]