In a world of persistent inflation, higher interest rates may be sticking around for a while longer. This is good news for cash savers who are looking for ways to earn returns on their money, as they now have the best opportunity to do so in the last 15 years. According to Greg McBride, the
The U.S. Department of the Treasury recently announced that Series I bonds will offer an annual interest rate of 4.28% from May 1 through October 2024. This rate is linked to inflation and represents a decrease from the 5.27% rate that was available since November. Additionally, it is slightly lower than the 4.3% rate from
Recent data from the S&P CoreLogic Case-Shiller national home price index indicates a significant increase in home values, with a 6.4% year-over-year jump in February. This surge follows a previous month’s gain of 6%, highlighting the fastest rate of price growth since November 2022. The 10-city composite experienced an 8% rise, up from 7.4% in
As Amazon prepares to release its first-quarter earnings report after the bell on Tuesday, analysts are eagerly awaiting the results. The projected numbers are significant, with expectations for earnings per share to reach 83 cents and revenue to hit $142.5 billion. The focus will also be on specific segments within Amazon’s operations, including Amazon Web
Samsung Electronics recently reported an impressive 932.8% jump in operating profit for the first quarter, driven by the rebound of memory chip prices amidst the optimism surrounding Artificial Intelligence (AI). The company’s revenue stood at 71.92 trillion Korean won, exceeding LSEG estimates by 0.88 trillion Korean won. The operating profit reached 6.61 trillion Korean won,
In the world of investing, having a diversified portfolio is crucial to mitigate risk and achieve long-term financial goals. One key component of a balanced portfolio is bonds, which not only provide protection against market volatility but also generate income. However, recent market turmoil, including the bond rout in 2022 and continued volatility, has left
In a society where money is often considered a taboo subject, women tend to be among the most reluctant to engage in financial conversations. However, experts emphasize that not asking the necessary questions can hinder women’s financial progress. This reluctance is what prompted the establishment of Savvy Ladies, a women-focused nonprofit organization founded over 20
As prospective buyers and sellers prepare for the spring housing market, the focus is on mortgage rates. The average 30-year fixed-rate mortgage has risen to 7.17% for the week ending April 25, up from 7.10% the previous week, according to data from Freddie Mac. With uncertainty surrounding the potential for a rate cut by the
A new study has revealed that large family offices are moving away from traditional stock market investments in favor of alternative asset classes such as private equity, real estate, venture capital, hedge funds, and private credit. According to the JPMorgan Private Bank Global Family Office Report, family offices now have nearly half (46%) of their
In the United States, there is a growing segment of the population known as ALICE, which stands for Asset Limited, Income Constrained, Employed. These individuals are households that earn above the poverty line but still struggle to make ends meet. According to the United Way’s United For ALICE program, nearly 40 million families, or 29%