Investing News

As of today, Oct. 1, 2022, the Free Application for Federal Student Aid (FAFSA) is now available for the 2023–24 academic year. Both incoming and current students will have until June 30, 2024, to submit their completed FAFSA form. Additionally, legislation passed in 2021 means that the FAFSA will be different for this academic year.

Reverse Mortgage vs. Forward Mortgage: An Overview If you’ve never heard of a forward mortgage, there’s a reason for that. The term refers to traditional mortgages and is rarely used, except in comparison with a reverse mortgage. Whether you go with a forward or reverse mortgage depends upon where you are at this point in

The death of Queen Elizabeth II and the ascension of King Charles III have focused both those in and outside the United Kingdom on the British royal family. While family drama and the mechanics of succession have captured some of the headlines, many may wonder just how wealthy the Windsors are. In this article, we

The basic form of short selling is selling stock that you borrow from an owner and do not own yourself. In essence, you deliver borrowed shares. Another form is to sell stock that you do not own and are not borrowing from someone. Here you owe the shorted shares to the buyer but “fail to

What Is the Federal Reserve Board Regulation D? The Federal Reserve Board Regulation D sets reserve requirements for financial institutions. This is a monetary policy tool that also previously imposed a six-per-month withdrawal limit on savings accounts. This limit was lifted in 2020 amid the COVID-19 pandemic, as well, reserve requirement ratios were set to

On Aug. 24, 2022, President Joe Biden announced the administration’s plan for broad federal student loan forgiveness. Eligible borrowers can receive up to $10,000 in debt relief, plus an additional $10,000 for Pell Grant recipients. While this news likely came as a relief for many, it may have been a frustrating announcement for anyone who

If you have a savings account, you may be limited to no more than six “convenient” withdrawals or transfers per month from the account free of charge. If so, blame your bank, not the Federal Reserve. The Fed, which had long imposed this limitation on savings accounts withdrawals, lifted it in 2020. But it allowed

Consumer prices climbed more than expected in August, even as the Federal Reserve moves to raise interest rates to slow rising prices, according to the latest report on personal incomes and expenditures by the Bureau of Economic Analysis (BEA). The BEA’s Personal Consumption Expenditures (PCE) Price Index rose 0.3% in August, more than the 0.1%

Vanguard and TD Ameritrade (TDA) are among the largest brokerage firms in the U.S.—but the similarities stop there. Vanguard offers an impressive lineup of low-cost mutual funds and exchange-traded funds (ETFs) aimed at buy-and-hold investors and retirement savers. Meanwhile, TD Ameritrade offers three trading platforms—a web platform, the professional-level thinkorswim, and a mobile app—designed for

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the online lender MoneyLion. The federal agency alleges that the lender, which provides interest-free cash advances and other financial products and services, deceived and overcharged military service members and their families, and also lied about customers’ ability to cancel their membership. Key Takeaways MoneyLion

After finally hitting the brakes Wednesday on its dramatic September surge, the 30-year average was back up Thursday. Though 30-year rates rose by only a minor increment, it was enough to take the flagship average back above 7%. Today’s National Mortgage Rate Averages In what’s been a wild September for mortgage rates, Thursday’s rate movement

Volatility has been an ongoing economic theme this year, with the stock market recently entering bear market territory. If you have concerns about your investments, you’re certainly not alone. Research shows that many investors are anxious about the best ways to manage the risks associated with current market swings. In fact, a recent survey found

Shares of Dow component Nike (NKE) are tumbling after the company released its latest earnings report. The company beat analyst estimates for earnings and sales, but its profit margins took a hit from markdowns to clear out excessive inventory. Higher freight costs and a stronger dollar also weighed on Nike profits. The athletic gear giant

The Charging Bull, sometimes referred to as the Wall Street Bull, is a three-and-a-half-ton bronze sculpture from artist Arturo Di Modica that sits proudly in New York City’s financial district. The bull symbolizes “the power of the American people” and represents the spirit of New York, where anyone can come, work hard and succeed. The sculpture

San Francisco-based DocuSign (DOCU) enables individuals to affix their digital signatures on documents using its secure electronic signature technology and digital transaction management services. It facilitates the exchange of contracts and authorized documents electronically and securely. It also offers electronic authentication of entities, individuals, and documents, as well as the management of user identity and workflow

For pregnant Americans, giving birth is only half the challenge—the other half is paying for it. The Peterson-Kaiser Family Foundation Health System Tracker estimates the average cost of pregnancy, childbirth, and postpartum care for Americans with insurance is $18,865. Nearly $3,000 of that is paid for out-of-pocket. While every baby is different, the cost of

The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment (like a stock or commodity) over time. The EMA is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data. Like the simple moving average (SMA), the EMA is used to

Your net worth is simply the dollar amount of all of your assets minus all your debts. If your assets exceed your liabilities, you end up with a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth. For certain applications, this basic net worth calculation

An options contract gives an investor the right, but not the obligation, to buy (or sell) shares at a specified price at any time before the contract’s expiration. By contrast, a futures contract requires a buyer to purchase the underlying security or commodity—and a seller to sell it—on a specific future date, unless the holder’s

Victims of Hurricane Ian in Florida now have until Feb. 15, 2023 to file their 2021 federal individual and business tax returns. The Internal Revenue Service (IRS) says that the tax relief postpones various tax filing and payment deadlines that occurred starting on September 23, 2022. The filing extension is only available to individuals who