There’s one commodity that’s seen a phenomenal gain in prices this year that may have been missed by some investors: rhodium’s value has climbed by more than 50%, extending a rally that saw prices for the metal nearly triple in 2020. Traders haven’t paid more attention to rhodium’s phenomenal rise …
Read More »The Big Number: Today’s Big Number reveals where all the money went last year
The Big Number: U.S. households parked a record $ 2.67 trillion in the bank and in money-market funds during 2020, according to the financial accounts of the U.S., released on Thursday by the Federal Reserve. What happened: The COVID-19 pandemic hit the economy hard, but the pain wasn’t felt by …
Read More »TaxWatch: Did you refinance your mortgage last year? Here’s how it could affect your taxes
As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who took the plunge need to be aware of how opting to refinance could affect their taxes insofar as deductions are concerned. The Mortgage Bankers Association …
Read More »Mortgage rates hit new high since last July
According to National Mortgage News, the mortgage rate increases noticeably stifled recent borrower applications, but further growth should slacken right as the typical prime home buying season starts, said Sam Khater, Freddie Mac’s Chief Economist. “While activity remains high, it’s currently on par with early March, prior to the pandemic,” …
Read More »Market Extra: 5 reasons why negative repo rates are different than the last overnight-funding crisis
It was a big deal in September 2019 when overnight-lending “repo” rates suddenly spiked as high as 9%, raising concerns on Wall Street and at the Federal Reserve to step in to avoid a potential crisis in a key financing cog of global finance. Now, some 17 months later, pretty …
Read More »Last Minute Gift Guide: Books! Books! Books!
Probably my favorite last minute gift to give is books! Books are such an easy way to give a gift that’s thoughtful and practical. Even if you only know a little bit about the recipient or their interests, you’re sure to find a title that is a perfect fit. Crafts! …
Read More »Last Minute Gift Guide: Classes & Learning
I’ve collected some incredible options for last-minute gifts — all centered around classes and learning. There are ideas for all ages and interests — lots of really fun and useful options. And they’re especially timely while we’re all still sheltering in place through the holidays and beyond. Come see what …
Read More »How Roses Can last A Year
All around the world, roses are a sign of love and affection. A lot of people gift roses and chocolates to their loved ones to show how much they love and care for them. Nowadays, a new concept has come into the market, but not all people knew about it. …
Read More »Market Extra: Here’s why the Dow plunged last week and what’s ahead for the stock market
A bout of volatility returned to financial markets with a vengeance last week, disrupting a nearly uninterrupted climb to records for U.S. stock indexes and raising questions about the path for Wall Street headed into a hornet’s nest of challenges for investors. Perhaps, the overarching question is, “What the heck …
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