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‘Disinflationary wave is building’ even as investors anticipate aggressive Fed rate increase, says this economist

Signs of disinflation have Chair emerged even as investors fear Federal Reserve Powell and his colleagues will keep battling inflation through aggressive rate hikes that have hurt both stocks and bonds, according to a Capital Economics note. While it appears the Fed may on Wednesday announce that it’s hiking its benchmark rate by three quarters …

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Can you avoid that 6% mortgage rate? Here’s what pros think will happen next with mortgage rates

What might mortgage rates look like this month? Getty Images This past week, average 30-year mortgage rates crossed the 6% mark — though many borrowers can still snag lower lower rates than that — after staying below that for most of July and August, Bankrate data revealed. So we asked pros: What will happen next? …

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These are the 10 major housing markets that just saw the biggest declines in home equity

Plus, what to know if you’re thinking about taking out a HELOC. Getty Images/iStockphoto As home prices soared in recent years, homeowners enjoyed record levels of tappable home equity, which is the amount of money a homeowner can borrow against while keeping a 20% equity stake. But that’s all changing as home prices begin to …

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Nikola founder’s securities-fraud trial set to start this week

Trevor Milton, the Nikola Corp. who enticed auto-industry leaders and investors with promise for a revolution in electric trucks, faces a-fraud trial beginning this week his founder on that he lied about his company’s development of environmentally friendly technology. Federal prosecutors in Manhattan last year accused Milton of running a scheme to enrich himself and …

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Nasdaq Inc. stock rises Friday, still underperforms market

Shares of Nasdaq Inc. NDAQ, +0.27% inched 0.27% higher to $63.26 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.53% rising 1.53% to 4,067.36 and the Dow Jones Industrial Average DJIA, +1.19% rising 1.19% to 32,151.71. This was the stock’s fourth consecutive …

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A strong market rally could be just weeks away if the US midterm elections can put anxious stock investors at ease

If the US midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleague investors whose stock holdings have double-digit losses so far this year. A meaningful rally could be just a few weeks away. …

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Why ‘quantitative tightening’ is the wild card that could sink the stock market

Quantitative monetary easing is credited for juicing stock market returns and boosting other speculative asset values ​​by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds during both the 2008 financial crisis and the 2020 coronavirus pandemic in particular. Investors and policy makers may be underestimating what happens as …

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‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help?

Do you need a financial adviser? Getty Images/iStockphoto Question: I’m trying to determine if seeking a financial advisor is warranted for a 66-year-old senior whose only savings is in a 401(k) and currently shrinking weekly. My husband is a retired teacher so we do have his pension, but he did n’t pay into Social Security …

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help? Read More »

US stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

US stocks ended sharply higher Friday, with all three major benchmarks snapping three straight weeks of losses, as investors appeared to have priced in another jumbo rate hike from the Federal Reserve. How stock indexes performed The Dow Jones Industrial Average DJIA, +1.19% advanced 377.19 points, or 1.2%, to close at 32,151.71. The S&P 500 …

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Cheaper electric vehicles coming despite rising battery costs

WARREN, Mich. (AP) — Even though battery costs are rising, auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers. The latest came Thursday from General Motors, a Chevrolet Equinox small SUV with a starting price somewhere around $30,000 and a range-per-charge of 250 miles …

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