Using credit cards that offer great rewards but come with high interest rates
Advice on Credit Card Rates and Home Sale Exemptions Dear Liz: I’m planning a trip to Europe soon and applied for a new credit card because it has a “no foreign transaction fee” feature. With my credit score sitting at 740, I expected to receive a decent interest rate. However, I was shocked today to […]
Trump is justified in wanting Powell removed from the Federal Reserve, but it’s not solely due to interest rates.
Revisiting Dukakis and the Fed’s Dilemma Back in July 1988, Mike Dukakis was in a promising position in the presidential race against George H.W. Bush, but that didn’t last long. Not long after, he made a rather peculiar choice to pose for a photo onboard a tank, sporting an army helmet that looked a bit […]
Trump states that Powell from the Fed is prepared to begin reducing interest rates.
On Friday, President Trump stated that Federal Reserve Chairman Jerome Powell is prepared to start reducing interest rates. Trump, who has criticized Powell for being too slow on rate cuts, toured the Fed’s contentious $2.5 billion construction project on Thursday accompanied by a central banker. “I think there was a really productive meeting about interest […]
State Farm will raise home insurance rates in Illinois by 27%
Illinois Homeowners Face Significant Rate Hike from State Farm In a notable shift, State Farm is set to increase insurance rates for homeowners in Illinois by over 27%. This translates to an additional $746 added to the average policyholder’s yearly premium. To put this into perspective, a recent analysis by Nerdwallet indicated that the typical […]
European Central Bank maintains key rates after July meeting as expected
Christine Lagarde, the head of the European Central Bank (ECB), discussed the bank’s choice to maintain key interest rates during its July policy meeting and addressed media questions. Follow ECB Live Coverage here The European Central Bank (ECB) announced on Thursday that, as anticipated, it adjusted its key rates in the wake of its July […]
Gold prices in India: Rates on July 24
Gold Prices Hold Steady in India Gold prices in India saw little change on Thursday, based on information from FXStreet. The price per gram was recorded at INR 9,388.78, which reflects no significant fluctuations compared to the previous day. In terms of TOLA, the prices shifted minimally from INR 109,603.80 to INR 109,507.50. So, it […]
Robust economic data makes it harder for Trump to advocate for reduced interest rates
Economic Insights and Interest Rate Challenges Recent economic indicators present a strong picture. Consumers have been quite tenacious, with retail sales rising by 0.6% in June. Moreover, the labor market still appears robust. While the stock market doesn’t fully encapsulate the economy, significant indices, like the S&P 500, are reaching record highs. You’d think this […]
Home Sales Decline Due to Elevated Interest Rates
Existing Home Sales Decline Amid Rising Mortgage Rates Sales of previously owned homes dropped more than anticipated, even as inventory levels climbed. This decline is largely attributed to rising mortgage rates that have continued to dampen buyer activity. The National Association of Realtors reported on Tuesday that existing home sales fell by 2.7% from May, […]
Brokerages are expected to cut cash yields, but they continue to provide good rates.
Yield brokerages are likely to start offering cash payments later this year, but currently, several companies still provide appealing interest rates. The Federal Reserve hasn’t cut interest rates since last December and continues to keep its target range between 4.25% and 4.5%. Many expect the central bank to take action at the end of their […]
Radioactive creek in the Midwest associated with increased cancer rates, research shows
Coldwater Creek Linked to Increased Cancer Risk in Missouri Residents Residents near Missouri’s Coldwater Creek are reportedly facing a heightened risk of cancer. This tributary, part of the Missouri River in northern St. Louis, has been recognized as a radioactive waste site since the 1980s. Recent research indicates that exposure to contaminated waters, which are […]