With mortgage rates reaching historic lows this year, many people are looking to refinance or purchase a home. But should you do an adjustable rate mortgage (ARM), which has an introductory fixed-rate period — usually five, seven or 10 years — and then periodically adjusts based on market conditions, or the more popular 30-year fixed-rate mortgage?
Month: October 2020
CNBC’s Jim Cramer said Wednesday that a lack of coronavirus stimulus is making it difficult for investors to buy stocks as the Covid-19 outbreak in the United States worsens. “It’s very hard to buy a lot of stocks when you see these numbers,” Cramer said on “Squawk Box,” as U.S. equities were headed to steep
Tom Merton | OJO Images | Getty Images With the election less than a week away, the phones are ringing off the hook for estate planning attorneys and accountants. That’s because wealthy families fear that an overhaul of the estate and gift tax exemption — the amount of assets they can transfer without a 40%
Student loan borrowers may see more relief still in the pandemic. ViT Postman | iStock | Getty Images Student loan borrowers benefitting from a pause in repaying their loans are hoping it will continue. If the moratorium isn’t extended, they’ll have to reach for their checkbooks come January. In March, the U.S. Department of Education
Biden picking Rhode Island Governor Gina Raimondo as next Secretary of the Treasury makes as much … [+] sense as picking Dracula to oversee the national blood bank. getty Apparently Joe Biden’s transition team is considering Gina Raimondo, the hugely unpopular governor of Rhode Island as the next Secretary of the Treasury should Biden win.
WEST HOLLYWOOD, CALIFORNIA – OCTOBER 22: People watch a broadcast of the final debate between … [+] President Donald Trump and Democratic presidential nominee Joe Biden. (Photo by Mario Tama/Getty Images) Getty Images Much ink is being spilled about what a Democrat or a Republican presidential result could mean for the stock market. This is
It was mid-April when it all began to sink in, instead of just being something real estate brokers, developers, and investors theorized about. Within a week of America locking down as COVID-19 began sweeping the nation, tens of thousands of New Yorkers fled all five city boroughs in the fastest out-migration since September 11th. Many
1. Dow futures drop nearly 500 points as coronavirus cases keep rising The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images 2. Chicago to reinstate indoor dining restrictions as Covid cases surge A woman waits for a
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters Boeing is set to report its third-quarter results before the market opens Wednesday, which analysts expect to detail further losses as the coronavirus pandemic hurts aircraft demand. Here’s what Wall
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.39 per share for the third quarter, smaller than the loss of $2.52 anticipated by Wall Street. Revenue was also above estimates. Boeing said it was targeting a workforce of 130,000 by the end of 2021, which is
Digital nomads can now work remotely in the Cayman Islands for up to two years. The catch? Those workers must make at least $100,000 a year — and even more if they want to bring a companion. Launched on Oct. 21, the Global Citizen Concierge Program invites high-earning workers to ride out the next several
Hari Moorthy, Goldman Sachs global head of transaction banking. Source: Goldman Sachs Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year
Ariel Skelley | DigitalVision | Getty Images Nearly anyone can hang out a shingle and just call themselves a financial advisor. To be sure, the terminology in the financial services industry can be very confusing to investors. There are advisors, brokers, broker-dealers, certified financial planners, chartered financial analysts and certified investment management analysts, investment advisors,
As 2020 gives way to 2021, here’s what you need to know about tax planning. getty I think we all wish we could have $10 for every time the word ‘unprecedented’ is used in 2020. It’s been a year of incredible upheaval and rapid change. I know I’ve been gobsmacked more times than I care
getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look at some of the most common: Failure-To-File Penalty It’s important to file even if you can’t afford to pay because the IRS imposes a failure-to-file penalty if you don’t
Dave Panozzo is the co-founding owner of The Panozzo Team-HomeSmart, a real estate team in Phoenix, Arizona. getty When the mass market was shaken from the Covid-19 19 outbreak, real estate agents adapted, learned and pushed through. As a real estate agent who worked through the same challenges in an unpredictable year to come out with
CNBC’s Jim Cramer pounded the table on Advanced Micro Devices after shares dropped off Tuesday. “I think AMD still has a ton of upside. You’re effectively getting today’s incredible, magnificent quarter for free,” the “Mad Money” host said. “At these levels, I think the stock’s a steal.” The comments came after the stock tumbled 4%,
Microsoft shares barely moved in extended trading on Tuesday after the company reported fiscal first-quarter results that were better than analysts had expected. Here’s how the company did: Earnings: $1.82 per share, adjusted, vs. $1.54 per share as expected by analysts, according to Refinitiv. Revenue: $37.15 billion, vs. $35.72 billion as expected by analysts, according
Angela Weiss | AFP | Getty Images U.S. stock futures fell on Tuesday night following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 115 points lower, or 0.4%. S&P 500 slid 0.5% and Nasdaq 100 futures dipped 0.3%. The Dow fell more than 200
China’s young billionaires amassed a combined fortune of more than $223 billion this year as the country enjoyed its fastest year of wealth accumulation, even as the world battles its worst economic crisis in decades. China had 60 billionaires below the age of 40 this year, according to the latest Hurun Rich List released last
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