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Monthly Archives: May 2022

‘The market is shifting.’ Here’s exactly when 3 economists predict competition in the housing market will decline

[MarketWatch, Getty Images] Has competition already fallen, and will it continue to do so? Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say they may go higher (see the lowest mortgage rates you can qualify for here). Home prices too have made […]

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He thought he was logging in to his cryptocurrency account. Then hackers stole his life savings.

[NBC NEWS] A few days before Christmas last year, Philip Martin sat in front of his computer to check his cryptocurrency balance. It was the beginning of what would become, for him, an ongoing nightmare. Martin told NBC News he thought he was typing the web address for his cryptocurrency exchange, Coinbase, the biggest and best-known company […]

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America is running out of baby formula because 3 companies control the market and babies aren’t that profitable

[Fortune] A baby formula shortage gripping the U.S. since March has parents in a panic over where and when they’ll be able to find the products they need to feed their kids. The out-of-stock rate, representing the amount of formula that’s not in stock compared to what’s typically available, was 43% for the week ending […]

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CEO predicts recession ‘in coming quarters,’ citing mortgage interest rates

[Yahoo!Finance, Getty Images] As Recession Watch heats up, executives and Wall Street pros are debating when — as opposed to if — the next official downturn could occur amid the one-two punch of elevated inflation and rising interest rates. “As people take on higher mortgage interest rates, that means that in the future, we’ll be refinancing our clients the […]

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Bitcoin’s price is now 50% down from its peak as the crypto plunge continues

[Fortune, Getty Images] Bitcoin and other cryptocurrencies continued their tumble on Monday after a harsh weekend led to the lowest prices seen so far this year. Bitcoin’s price is now 50% down from its peak as the crypto plunge continuesTotal U.S. cases of COVID could more than double late this year, White House warnsUber CEO […]

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This little-known Vanguard fund has been crushing it — yes, even in this market

[MarketWatch] It is outperforming even its expensive, exclusive hedge-fund competitors What would Jack Bogle think? The legendary Vanguard founder, who died three years ago at 89, famously advised investors to avoid anything fancy in their retirement portfolios, 401(k) plans and IRAs. Bogle’s usual advice to an ordinary investor was to stick to a low-cost U.S. […]

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Worried about a recession? Here’s how to prepare your portfolio

[CNBC, Getty Images] Eight in 10 small business owners expect a recession this year, according to a CNBC survey.You can prepare by diversifying your portfolio, including bond allocations despite slumping prices, experts say.“People really need to make sure that they have sufficient emergency savings,” said Catherine Valega, wealth consultant at Green Bee Advisory.After rebounding from […]

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The two largest reservoirs in California are already at ‘critically low levels’ and the dry season is just starting

(CNN) Against the backdrop of the water crisis in the Colorado River Basin, where the country’s largest reservoirs are plunging at an alarming rate, California’s two largest reservoirs — Shasta Lake and Lake Oroville — are facing a similar struggle. Years of low rainfall and snowpack and more intense heat waves have fed directly to the state’s multiyear, […]

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Robert Kiyosaki says that hot inflation will ‘wipe out 50% of the US population’ — what he means and how to protect yourself

[Moneywise] With price levels continuing to spike, the Fed is no longer using the word ‘transitory’ to describe inflation. U.S. consumer prices jumped 8.5% in March from a year ago, marking the fastest increase since December 1981. That could give the Fed more reason to continue raising interest rates — something that’s already casting a […]

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