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A “Sale” sign in front of a home in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty Images The spring housing market continues to struggle amid high interest rates and low consumer confidence. Sales of previously owned homes in April declined 0.5% from March to a seasonally adjusted, annualized…
Jonathan Raa | Nurphoto | Getty Images Bitcoin rose to a new all-time high on Wednesday, breaking its January record. The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,500. At one point, bitcoin had erased its gains, after Treasury yields…
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers…
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images Moody’s decision to downgrade the U.S. credit rating may have consequences for your money, experts say. The debt downgrade put immediate pressure on bond prices, sending yields higher on Monday morning. The 30-year…
Stephanie Phillips | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “Markets go up and down, but students’ goals remain the same,” said Chris McGee, chair of the College Savings Foundation. 529 plan popularity has soared In 2024, the number of 529 plan accounts increased to 17…
Brendon Thorne | Bloomberg | Getty Images Some Americans believe real estate and gold are the best long-term investments. Advisors think that’s misguided. About 37% of surveyed U.S. adults view real estate as the best investment for the long haul, according to a new report by Gallup, a global analytics and advisory firm. That figure…
More than three weeks after the calamitous April 2 “reciprocal tariffs” announcement threw the stock market into chaos, investors are trying to make sense of a world in which higher tariffs are likely here to stay — and one in which the U.S. may have lost its edge. Stocks have been stuck in a wide…
Ukrainian servicemen operate a tank on a road near the border with Russia, in the Sumy region of Ukraine, on August 14, 2024. The Ukrainian army entered Russia’s Kursk region on August 6, capturing dozens of settlements in the biggest offensive by a foreign army on Russian soil since World War II. Roman Pilipey |…
Wall Street may be past the worst of the tariff headlines two weeks after the initial April 2 announcement — as President Donald Trump endeavors to accomplish enormous trade deals during his 90-day pause — but volatility will continue to be a mainstay of the stock market for the foreseeable future. Investors wrapped up yet…
David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Goldman Sachs on Monday posted first-quarter results that topped analysts’ expectations on stronger-than-expected equities trading revenue. Here’s what the company reported: Earnings: $14.12 a…
