The world is full of mysteries that have remained unsolved for centuries, and many of these mysteries continue to fascinate and perplex everyone, lay people and experts alike. From strange disappearances to inexplicable phenomena, these mysteries challenge our understanding of the world and leave us with more questions than answers. 1. The Voynich Manuscript … Read more
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses CNBC
A speculative investment is when an investor hopes to profit from a rapid change in the value of an asset, often one thatâs considered non-productive. Many speculative investments are short-term, and they can be made in markets such as foreign currencies, collectives, fine art, and margin trading of stocks. Typically, speculative investments are high-risk positions […]
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After systemic banking fears died down earlier in the week, Credit Suisse and other European banks are saying “game on!” Stock prices of said banks led a market-wide sell-off in equities overnight. Bonds rallied on the flight-to-safety, and yields are now back near Monday’s lows. With the Fed in the midst of the typical 11-day communications blackout ahead of the next meeting, speculation has been running fairly wild as to how recent events affect the rate outlook. To be fair, most of the “running wild” is a product of the new itself. The Fed’s blackout period only adds a modest amount of uncertainty. If you ask financial markets, everyone is fairly certain the Fed still hikes 25bps next week. After that, it’s anyone’s guess as Fed Funds Futures suggest rate cuts on the horizon. The overnight news brings December’s Fed rate outlook to even lower levels than those seen on Monday. Long story short, the overnight move resets the board to be roughly in line with Monday morning. It’s like one of those placards at the work place that boasts “number of days without an accident.” We got up to “2” yesterday, and rates had risen accordingly. Now it’s back to zero, even though the Credit Suisse rout isn’t the same sort “accident” as SVB or Signature.
FNBO Amtrak Amtrak Guest Rewards Preferred card is offering a signup bonus of 40,000 points when you spend $1,000 within the first three billing cycles. The no-fee card also bumped the bonus to 20,000. Offer ends 4/26/23.
The 30-year fixed rate mortgage remained at its highest level since last November, increasing by 8 basis points from the prior week on the Federal Reserve’s aggressive posture on the economy, Freddie Mac said. Its Primary Mortgage Market Survey found the 30-year FRM at an average 6.73% for the seven days ended March 9, up … [Read more…]
This episode we discuss the recent Supreme Court hearings about the Biden administrationâs student debt cancellation plan.
It’s way too soon to abandon hopes for a strong bond-market rebound in 2023. But even if plowing back into Treasuries proves to be a winning trade, sticking with it won’t be for the faint of heart. A surge in job growth, rising consumer spending and faster-than-expected inflation have sent bond prices sliding again by … [Read more…]
If you’re invested in cryptocurrency, here’s what you need to know about what could happen if the prices take a turn for the worse.If you’re invested in cryptocurrency, here’s what you need to know about what could happen if the prices take a turn for the worse.
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