7 Companies Laying Off Thousands of Workers
These big companies recently announced job cuts of 1,000 employees or more.
These big companies recently announced job cuts of 1,000 employees or more.
“There will be two key differences between 2023 and 2010,” states Ruben Gonzalez, chief economist for Keller Williams.
Robo advisors are still a relatively new product, and yet every year they seem to grow in popularity. One such advisor, called Wealthfront, is one of the largest automatic investment and financial planning services out there.
Itâs also one of the most decorated, winning the âBest Robo Advisor of 2019â award, and the âBest Robo Advisor, December 2019â award.
But robo advisors are a dime a dozen these days. Why should you Wealthfront over another company like Betterment?
The economy improved in the second quarter of 2022, but the housing market will continue to slow in 2023, according to Fannie Mae economists.
Might 2023 be good to mortgage rates? If you believe the latest Housing Forecast from Fannie Mae, then yes. Most everyone knows 2022 has wreaked absolute havoc on mortgage rates, with the 30-year fixed up more than 225 basis points from a year earlier. This, combined with rising home prices, has eroding affordability to the… Read More »4.5% Mortgage Rates in 2023? Thatâs the Latest Estimate from Fannie Mae
The post 4.5% Mortgage Rates in 2023? Thatâs the Latest Estimate from Fannie Mae appeared first on The Truth About Mortgage.
The Federal Reserve (aka “The Fed”) has a parrot problem, and it’s on a crash course with economic reality… maybe. The Fed sets policies that impact interest rates in an attempt to keep inflation in check without crippling the economy. After arguably leaving rate-friendly policies intact too long in 2021, they scrambled to put the brakes on inflation in 2022 with aggressive rate hikes (higher rates leave less money to buy other “stuff,” thus hopefully lower inflation by decreasing demand). For months on end, almost every Fed speaker has parroted a version of the same few thoughts: Inflation is too high Rates need to go higher still Once rates are as high as they can be, we need to keep them there for as long as we can We don’t mind doing some economic damage if it means controlling inflation We’d rather do damage and beat inflation than protect the economy and risk another inflation spike We don’t want to repeat the mistakes of the early 80s. That last bullet point has obviously been a guiding principle for the Fed–repeated by almost every member. It refers to a Fed rate cut in 1980 following a big drop in inflation. Before that, inflation had spike at an unprecedented level and the Fed hiked rates at an unprecedented level to fight it. In short, it looked like they won. They cut rates accordingly, but it proved to be too soon. Monetary scholars think the subsequent rate hikes to the highest levels ever could have been avoided if the Fed didn’t declare victory so soon.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Many people try to time real estate markets or predict when the ups and downs will be. While it seems easy to time a real estate market after seeing what happened in the past it is much more difficult trying to predict the future. The world’s smartest economists have trouble predicting real estate markets. There … Read more
Now that interest rates have resumed their upward climb, do we have to worry about 8% mortgage rates next? Back in July, I questioned if 7% mortgage rates were on the horizon, given the steady rise seen at that time. While rates hadnât officially hit 6% then, by Freddie Macâs measure at least, they were… Read More »Watch Out for 8% Mortgage Rates
The post Watch Out for 8% Mortgage Rates appeared first on The Truth About Mortgage.
Here’s a quick look at the biggest financial news of the week.