2024 has been a whirlwind year for investors. The U. S. stock market has been on a roll, breaking records and defying expectations. The S&P 500 index surged 24. 3% by December 20, marking the first time since 1998 that it jumped by at least 20% for two consecutive years. Tech giants like Apple and N
You're probably wondering if gold or cryptocurrencies can save you from tough market times. This study looked at their safe-haven and hedging abilities during events like the COVID-19 pandemic and geopolitical risks. They checked data from 2013 to 2021 every day. Guess what? Neither gold nor cryptos
In the quest for social fairness and economic growth, the concept of common prosperity takes center stage. It's all about making sure everyone has a fair shot at a good life. One big question is how rural households' money matters can help achieve this. We're talking both official stuff, like bank l
Election Day exit polls showed that voters were mainly concerned about the economy. They hoped a new government would help them cope with rising prices. But something surprising happened. Elon Musk, who is helping to lead a new Department of Government Efficiency, wants to shut down the Consumer Fin
The Consumer Financial Protection Bureau (CFPB) has accused Rocket Homes, one of the U. S. 's largest mortgage lenders, and The Jason Mitchell Group of a secret kickback scheme. The CFPB claims that Rocket Homes provided real estate brokerages with rewards to encourage them to steer mortgage applica
The Federal Reserve decided to trim interest rates by a quarter percentage point on December 19. But they also tweaked their forecast, hinting that rate cuts won't speed up. Are high yields still the hot commodity for investors? Let's dig in! Investors often chase after stocks that promise high ret
The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit against some of the United States’ biggest banks. These include JPMorgan Chase, Bank of America, and Wells Fargo, along with the operator of Zelle—a popular peer-to-peer payment system. The CFPB claims that for the past seven y
Ever sent money using Zelle? You might want to hear this. The Consumer Financial Protection Bureau (CFPB) is suing the three biggest banks in the US. Why? They say these banks aren't doing enough to protect Zelle users from fraud. Zelle is a payment app that banks like JPMorgan, Bank of America, and
This holiday season, Americans are set to overspend on unwanted gifts, racking up a whopping $10. 1 billion in disappointing presents. That's right, nearly 53% of adults in the US will unwrap at least one gift they don't like. The average cost of these unwanted gifts has risen to $72, up from $66 la
Sports betting is a popular pastime, but it's not always a safe one, especially when people use credit cards to fund their bets. This practice can lead to unexpected fees and debt, making it harder for bettors to win or even break even. Lawmakers and credit card companies could help by stopping this
