Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise. While home prices continue to rise and Americans are still buying houses, the drop-off in refinancing activity is a giant blow because refinancings made up the bulk of US mortgage … Read more
Hi, MarketWatchers. Don’t miss these top stories. The good news: Americans’ financial security soared last year. The bad news: That may be due to this lucrative, but temporary tax break The share of Americans who said they were able to cover $ 400 in emergency expenses, using cash or its equivalents, reached a 9-year-high. Read … Read more
I am 33 years old, I currently make just over $ 120,000 a year, including an annual bonus, and my company has gifted me with around $ 300,000 in equity in the firm, although our stock is brand new, so it is constantly swinging up and down . I put around 6% towards a 401 … Read more
Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will be listed on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra. The fund will be based on the Bloomberg Grayscale Future of Finance Index which tracks companies that represent the “future of finance”. These include stocks such as … Read more
Bigger is better in banking — and Citizens Financial Group has been taking steps that should allow it to play with the bigger boys. Its stock looks like a winner. These days, it’s almost impossible for a bank to succeed without the scale to provide more than just loans and accounts to their clients. They … Read more
Text size Goldman Sachs Group headquarters in New York City. Michael Nagle / Bloomberg Wall Street is on sale along with much of the stock market, as industry leader Goldman Sachs Group is trading close to book value for the first time in two years. Smaller securities firms like Jefferies Financial Group (ticker: JEF) and … Read more
Citizens Financial Group Inc. launched its Citizens Pay iPhone upgrade plan in 2015 as an early form of the buy-now-pay-later concept that’s in vogue in the payments space. The idea was to take the Citizens CFG brand as a credit provider and combine it with Apple’s AAPL iPhone to help customers avoid waiting in line … Read more
At this weekend’s 2022 annual shareholder meeting for Berkshire Hathaway, Warren Buffett and Charlie Munger riffed on many hot topics. They spent five hours talking about how Bitcoin and cryptocurrencies are worthless, a surprise investment in Activision stock, the impact of inflation, and the importance of focusing on value. Warren Buffett (L), CEO of Berkshire … Read more