The IRS is asking for comments about a new way to save for retirement. The super-charged saver’s match builds on the existing saver’s credit and has been described as “an important opportunity to improve the long-term financial security for millions of low- to moderate-income Americans.” Under the plan, beginning in…

Mortgage rates dipped a bit this week, still holding steady around the mid-6% range while demand remains weak in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.46% this week from 6.49% last…

A federal judge in Georgia has temporarily blocked President Biden’s administration from implementing its plan to waive federal student loans for almost 30 million borrowers. U.S. District Judge J. Randal Hall issued the order on Thursday, ruling that the states currently suing the administration over the plan have established a…

The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli.”We think there’s a good case that they should get back to neutral as soon as possible,” the firm’s chief U.S. economist told CNBC’s “Squawk on the Street” on Thursday, adding…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S & P 500 was lower Thursday ahead of arguably the biggest economic data point of the month due out Friday morning in the…

The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts once again as crude and fuel prices continue to slump. The countries making up the organization will extend…

Note: All amounts discussed are in Canadian Dollars. Stock Prices refer to those on the TSX and not the OTC symbol. In May of this year, we switched to a Buy on Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN:CA) (“CAPREIT”) and acquired a chunk of shares. The REIT was…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Is the AI bubble deflating, or only just getting going? Nvidia shed nearly half a trillion dollars in stock market value in the four trading sessions after its latest quarterly earnings, even…

The Justice Department unsealed criminal charges against Russian-American political pundit Dimitri Simes on Thursday, alleging he was paid more than $1 million from a Russian news outlet in violation of US sanctions. According to the indictment, Simes coordinated and communicated with the Russian government, including President Vladimir Putin, while hosting…

Recently, I was on a company trip with my husband who is a wealth advisor. It was an awards trip for high performers. It has been fun over the years to meet people across the country and become friends. In past years, the conversations focused on sharing best practices about…