Bankrate

More than three-quarters of U.S. adults say they are not financially secure, a record share in Bankrate's latest Financial Freedom survey, as inflation and hiring freezes erode purchasing power and career prospects. What Happened: The poll found 77% feel less than "completely financially secure,"...

Owning a home in the U.S. is reportedly much more expensive today than it was four years ago, even as home listings surged in May. Homeownership costs have jumped 26% since the pandemic began, as expenses such as taxes, utilities and insurance shot up during a period of elevated inflation across...

Businesses in the hospitality sector are reportedly experiencing a backlash as consumers, grappling with inflation, curtail spending and reduce their tipping habits. What Happened: A Bankrate poll revealed that approximately 60% of participants expressed dissatisfaction with the growing requests...

The recent spike in national mortgage rates stirred concerns among homebuyers and economists alike. With the 30-year fixed-rate mortgage (FRM) climbing to 6.88% on April 11, questions arise about the trajectory of the housing market. Chart Source: Freddie Mac Additionally, other key indicators...

In the face of a strong job market and consistent economic growth, a majority of U.S. citizens are under the impression that the country is experiencing a recession, a recent survey by Bankrate has revealed. What Happened: According to a report by The Hill on Dec. 6, 2023, the Bankrate survey found...

The Federal Open Market Committee (FOMC) is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday. The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major...

A new generation of Millennials is graduating from college and entering the workforce in one of the most difficult investing environments in history. If you now find yourself with excess cash for the first time in history, deciding whether to invest or save is a tough decision these days. Interest...

President Joe Biden announced Monday he will be renominating Federal Reserve Chairman Jerome Powell for a second term as Fed chair and will nominate Fed Governor Lael Brainard as vice chairman. Biden was widely expected to nominate either Powell or Brainard for the position of Fed chair. Powell was...

Initial unemployment claims rose by 16,000 last week to 351,000, according to the Department of Labor. What Happened: Overall, the unemployment rate was 2.1% for the week ending Sept. 11. Unemployment claims are rising slightly above their pandemic low, which was reached two weeks...

President Joe Biden and now-former President Donald Trump delivered separate remarks on Wednesday, and the SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 1.2% as the transition of power proceeded smoothly in Washington. Biden’s Words: At his inauguration to become the 46th president...

For the 22nd time in the past 23 weeks, the Labor Department reported more than 1 million new weekly U.S. jobless claims on Thursday morning. The Numbers: The Labor Department reported just over 1 million initial jobless claims for the week ending Aug. 22, down from 1.104 million claims reported in...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.3% on Thursday after the Labor Department reported weekly jobless claims of 5.245 million, bringing the running total for the coronavirus downturn up to 22 million. This week’s jobless claims were down 1.37 million, suggesting the...

The largest debt many Americans will take on in their lifetime is their mortgage debt. One tax benefit exists that can help some homeowners take at least a small bite out of their interest burden, but its actual benefits are extremely limited for most Americans. The Mortgage Interest Deduction...

Amazon.com, Inc. (NASDAQ: AMZN)'s 48-hour Prime Day sales event is a "big deal" for the entire retail sector, according to KeyBanc Capital Markets' Edward Yruma. Yruma: Amazon Faces Competition Amazon deserves credit for starting a new industrywide sales event in July, but other...

Following a busy spring real estate season, the summer is another exciting time for the market. The competitive season may cause home seekers to assume that winter is the only time to score a discount price. This perception may not be the case: if an increased spring inventory is undersold,...