Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. For the first time, just over 15% of consumers who financed a
Month: January 2023
In this article 9961-HK BIDU 9999-HK JD BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there have been signs of slowing inflation, the Federal Reserve is expecting higher interest rates to continue. “It looks like this year might be a
WASHINGTON – Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting. At a meeting where policymakers raised their key interest rate another half a percentage point, they expressed the importance of
In this article GM 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT 2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold
President Joe Biden signed a $1.7 trillion legislative package on Dec. 29, 2022 that has several updates for retirement savers. Drew Angerer | Getty Images News | Getty Images A new law is changing rules governing how and when certain retirement savers can withdraw money from their nest eggs. Tax-advantaged accounts earmarked for people’s golden
Craig Warga | Bloomberg | Getty Images Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from
London Stock Exchange Toby Melville | Reuters LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity. In its 2023 macro outlook, Goldman Sachs forecast a 1.2% contraction in the U.K. real GDP over the
In this article EDR Follow your favorite stocksCREATE FREE ACCOUNT Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV. Amy Kaplan | Icon Sportswire | Getty Images Media and entertainment company Endeavor saw its shares fall on Tuesday after a video showing
Valentinrussanov | E+ | Getty Images As the Federal Reserve continues to hike interest rates, you may assume you’re earning more on the money in your savings account. But that may not be the case. Carolyn McClanahan, a certified financial planner at Life Planning Partners in Jacksonville, Florida, was recently surprised when a client told
This could be a very good year for one lucky winner of the fourth-largest jackpot in Mega Millions history. And yet, kicking off 2023 with $785 million could have a downside. “The curse of the lottery losers is very real,” said Andrew Stoltmann, a Chicago-based lawyer who has represented several recent lottery winners. One of
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.” Yuriko Nakao | Getty Images U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla electric cars in Germany on March 21, 2022. Sean Gallup | Getty Images News | Getty Images Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Here are the key numbers. related investing news Some analysts see a buying opportunity in
In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty Images Southwest Airlines stabilized its schedule over the weekend after about 16,000 cancellations, but its
A Kennon Robotics robot delivers food at a Haidilao hotpot restaurant in Shanghai on April 7, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — In a year of Covid lockdowns and travel restrictions, some Chinese startups that survived found growth online and overseas. China’s economy likely grew by just 3% in 2022, economists
FatCamera | E+ | Getty Images Anyone without health insurance has about two weeks left to get 2023 coverage through the public marketplace — and subsidies could make it affordable. Open enrollment for the federal health care exchange runs through Jan. 15, with coverage taking effect Feb. 1. (If your state has its own exchange,
A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images 2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its
In this article TGT WMT Follow your favorite stocksCREATE FREE ACCOUNT A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images January is typically an overlooked month for retailers. Shoppers make returns and exchanges. They come to stores with gift cards in
Virtual singer Luo Tianyi performing with world renowned pianist Lang Lang in 2019 at the Mercedes-Benz Arena in Shanghai, China. Launched in 2012, Luo Tianyi has nearly 3 million fans and even performed at the Winter Olympics opening ceremony in Beijing this year. Visual China Group | Getty Images BEIJING — From customer service to
The surge in egg prices has stood out in a year when Americans saw their bills balloon across the grocery store. Average egg prices jumped 49.1% in November compared with those a year earlier — the largest annual percentage increase among all grocery items in that period, according to the consumer price index, a barometer
In this article MDB VZ GOOGL PZZA STAA Follow your favorite stocksCREATE FREE ACCOUNT Source: Papa Johns We step into the new year with a largely unchanged macroeconomic backdrop and a recession waiting for us. However, investors can maintain a healthy portfolio if they keep a longer-term view, shutting out all the noise. In that context, we kickstart
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in more than half of all states have something to look forward to this year: a higher minimum wage.
In this article SJR.B-CA RCI.B-CA 2015-HK LUV Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1%
When starting a business, it’s sometimes hard to know what to prioritize, and going at it alone can be overwhelming. But there are strategies you can use to avoid common pitfalls. My mission is to teach people how to earn money from their passions. It’s what I did: I went from living on food stamps
Malerapaso | Istock | Getty Images With the national average interest rate on credit cards at historic highs, many Americans are being dinged with higher monthly charges than ever on on their balances. As a result, they may be wondering if it’s a good idea to tap their retirement savings to pay off the debt.
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange FTX. In a media release late Thursday, the watchdog confirmed the total sum taken from FTX’s Bahamian subsidiary, FTX Digital Markets, and added
Gilnature | Istock | Getty Images The Covid omicron XBB.1.5 variant is rapidly becoming dominant in the U.S. because it is highly immune evasive and appears more effective at binding to cells than related subvariants, scientists say. XBB.1.5 now represents about 41% of new cases nationwide in the U.S., nearly doubling in prevalence over the
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