Investing News

Editor’s note: Below you’ll find the week 107 release of the NYC Recovery Index, originally published September 20, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery had a positive week ending September 10, 2022, with the index score rising from 76 to 77 out of 100. COVID-19

The issuance of green bonds—tax-exempt bonds issued by federally qualified organizations and municipalities for the development of brownfield sites—has surged in recent years along with investor appetite for renewable energy. The SEB, a European financial services group, predicted the 2022 green bond market could reach $400 billion, but then growth unexpectedly slowed, mostly to increasing interest

After wavering much of September, certificate of deposit (CD) rates are more decidedly on the rise this week, following the Fed announcement last Wednesday of another massive rate hike. The top nationally available rate moved up a tenth of a percentage point or more in five of the eight major CD terms, while holding steady

Crypto markets exhibited a sluggish pattern last week, with some dire predictions for the medium-term future being made by analysts. Investors are concerned about the increase in interest rates and general negative sentiments about the economy. Bitcoin is also suffering and doesn’t appear to be poised for a bullish breakout. The flagship cryptocurrency may see bearish trends, as chart

Ahead of fresh data on new home sales and home prices this week, there are signs that new homebuyers are backing out of sales. Amid higher interest rates and a softening housing market, home purchase cancellations were above 15% for the second straight month. Last month about 64,000 agreements or 15.2% were cancelled, compared to

Is it better to be bad than to be good? It is a question that has plagued humanity since the beginning of time, and the world of investing has not been immune to the controversy. In one corner are the fans of socially responsible investing (SRI), and in the other corner are the fans of

The Series 6 is a securities license entitling the holder to register as a company’s representative and sell certain types of mutual funds, variable annuities, and insurance. Holders of the Series 6 license are not authorized to sell corporate or municipal securities, direct participation programs, and options. With Series 6, an individual can purchase or sell

A gilt-edged bond is simply a high-grade type of debt. What blue-chip stocks are to ordinary equities, gilt-edged bonds are to regular bond issues. As with any bond, the federal or corporate issuer is borrowing money from investors at a set rate of interest for a specific period of time. Key Takeaways A bond is

The Vanguard S&P 500 ETF (VOO) is a fund that invests in the stocks of some of the largest companies within the United States. Vanguard’s (VOO) is an exchange traded fund (ETF) that tracks the S&P 500 index by owning all of the equities within the S&P. An index is a hypothetical portfolio of stocks

The FOMC’s dot plot, which is perhaps the most boring but the most terrifying chart in economics and investing right now, is the summary of where members of the Federal Open Market Committee (FOMC) expect the federal funds rate to be over the next three years. It’s an estimate, not a mandate. Still, the most

Credit repair companies offer to help consumers improve their credit scores in return for a fee. Some are legitimate businesses, while others are little more than scams. Here is what a credit repair company can, and can’t, do for you. Key Takeaways Legitimate credit repair companies can help you remove inaccurate information from your credit

Money Market Fund vs. Money Market Account (MMA) vs. Savings Account: An Overview  You may be wondering where you should keep the money that you’ve started to accumulate. Some of the most popular options are money market funds, money market accounts (MMAs), and regular savings accounts. All three are highly liquid places to park cash,

If you are overwhelmed by your debts, you’re not alone. The average American has more than $92,000 in debt, including credit cards, student loans, and personal loans.  If you’re struggling to pay off your balances, one option is to work with a nonprofit credit counseling agency and enroll in a debt management plan. With this

Credit repair involves removing or correcting inaccurate information from your credit report to provide a fair and complete picture of your finances, taking steps to boost your credit score, and resolving to avoid credit problems in the future. You can do this yourself or hire a company that specializes in credit repair to do it

What Is Credit Repair? Credit repair is a process for rebuilding your credit and improving your credit score after they’ve been damaged by poor credit habits, financial setbacks, identity theft, or credit reporting errors. While bogus credit repair offers are a favorite ploy of scam artists, the process itself is legal. There are legitimate credit

When investors think of a multinational e-commerce company, Amazon.com, Inc. (AMZN) is the name that generally first comes to mind. The company, which initially opened as an online bookstore, has been at the forefront of online commerce for the better part of two decades. However, traditional brick-and-mortar discount retailer Walmart Inc. (WMT) has been keeping pace online

The solar business is getting hit by declining prices of photovoltaic cells. Here’s a look at how two of the big players in the solar energy industry, Tesla, Inc. (TSLA) owned Solar City and First Solar, Inc. (FSLR), are stacked against each other in this intensely competitive field. SolarCity’s Dominance in U.S. Residential Market SolarCity

Social Security is a federal benefits program in the United States that was founded in 1935. While the program also includes disability income, it is most commonly associated with monthly retirement benefits paid out until death. The Social Security system is funded through payroll taxes. The Federal Insurance Contributions Act (FICA) mandates a 12.4% levy

The outsized Baby Boomer generation, named for the big increase in birth rates after World War II, has always made waves. The Boomers’ golden years will be no different. Born between 1946 and 1964, this vast cohort came of age in the 1960s and 1970s and began to qualify for Social Security benefits in 2008.

Savings and loan institutions–also referred to as S&Ls, thrift banks, savings banks, or savings institutions–provide many of the same services to customers as commercial banks, including deposits, loans, mortgages, checks, and debit cards. However, S&Ls place a stronger emphasis on residential mortgages, whereas commercial banks tend to concentrate on working with large businesses and on unsecured