News & Events

Macy’s and Costco sound a warning about the economy
New York CNN  —  Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy. Macy’s (M) on...

What Investors Can Learn From The Recent Banking Crisis
...was closed by the New York State Department of Financial Services. The FDIC was appointed as receiver for SVB and Signature and ultimately acted to fully protect all depositors. We can now add...

Why The 14th Amendment Is Part Of The Debt Ceiling Drama
As the debt limit drama plays out, Americans might be wondering if there is a better way to prevent defaulting on US debts and perhaps inducing a global recession or depression. President Biden,...

10 best low-risk investments in June 2023
...re maximizing your returns. Risk: Money market accounts are protected by the FDIC, with guarantees up to $250,000 per depositor per bank. So money market accounts present no risk to your principal...

Best 6-month CD rates of June 2023
...March, 2023 is 0.97% according to the Federal Deposit Insurance Corporation (FDIC). All of the CDs on our list offer significantly higher APYs than the national average. Are short-term CD rates...

Mortgage rate forecast for June 2023: Don’t count on lower rates
Mortgage rates were supposed to start falling by now. Instead, they’ve been flirting with 7 percent. Given a recent shift in the economic outlook, mortgage experts say there’s little...

As debt ceiling deal passes House, stock futures take milestone in stride
Financial markets barely reacted Wednesday to the U.S. House of Representatives' passage of a debt ceiling deal that would avert global financial turmoil and an all but certain recession. S&P 500...

Latest mortgage news: Rates rise again, near 7%
...policy guides the mortgage market, the Fed doesn’t directly set fixed mortgage rates. The most relevant benchmark is the 10-year Treasury yield, which has bounced around in recent weeks. Mortgage...

Debt ceiling deal won’t have much impact on the US economy, analysts say
Washington, DC CNN  —  President Joe Biden and House Republicans have finally agreed on a deal to raise the government’s debt ceiling, including changes to the federal budget in a number of areas....

The Iberian Economies: Portugal And Spain GDP Per Capita In Review
Unless you’ve been living under a rock, you should be well aware that the global economy has been going through some turbulent times since the outbreak and worldwide spread of the pandemic in 2020....