Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The…

Student loan borrowers in the U.S. are taking their time resuming repayments after the last pandemic-related pause expired late last year. Repayments were paused for borrowers of federal student loans from mid-March 2020, when the COVID pandemic began, and remained in effect until Sept. 1, 2023, 3½ years after the…

American Express is acquiring yet another restaurant booking platform. It’s a potential gamechanger for cardholders in a world where nabbing a table at a popular restaurant feels like an impossible feat, thanks to an insurmountable number of bots and table resellers disrupting the market.  In major cities, securing a spot…

Summer holidays are here, and it could be a very profitable few months ahead for online travel agencies. Out of the “big 3” – Booking (BKNG), Expedia (NASDAQ:EXPE) and Airbnb (ABNB) – this article argues EXPE has the most potential to rally. Why EXPE? I actually think BKNG is a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hizbollah said it had fired more than 200 rockets at northern Israel in retaliation for an Israeli air strike that killed one of its senior commanders, as tensions between the two sides…

Those online senior living referral services are getting a lot of attention these days. And not in a good way. The chair of the U.S. Senate Aging Committee has begun an investigation into assisted living referrals by A Place for Mom, one of the biggest commercial advice outfits. At the…

More bad news is on the horizon for Florida homeowners. On top of insurers pulling out of the state altogether, Florida’s state-created Citizen’s Property Insurance just voted to raise rates by 14% across the state. The board of governors for the insurance corporation voted unanimously earlier in June. Raising the…

Towards the end of last year, I believed that more was needed than a name change in the case of Revvity, Inc. (NYSE:RVTY) as the former PerkinElmer business changed its name after a turbulent period of time. Following a boom in the diagnostics segment during the pandemic, the company made…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe star-studded event in mid-June featured George Clooney, Barbra Streisand and Julia Roberts, and raised $30mn for Joe Biden’s re-election bid — proof of Hollywood’s backing for the president.The…

Adult son of a real estate investor began to notice that his father, Wealthy Dad (WD), was slipping. WD was becoming forgetful. He had purchased a lot of real estate in his younger days, and owned eight single family houses in one of the most expensive markets in the U.S.…