Jeremy Siegel, often referred to as the “Wizard of Wharton,” shared his optimistic forecast during a keynote address at VettaFi’s 2024 Market Outlook Symposium. Renowned finance expert Jeremy Siegel has boldly predicted a robust economic landscape for 2024, foretelling a surge in both stock and housing markets along with a significant decline in interest rates…
In a recent report by AAA, it has been revealed that gas prices fell across various categories, indicating a significant trend in the market. The price of regular unleaded gasoline experienced a gas prices fell of 5 cents in Iowa, reaching an average of $2.82 per gallon This figure is particularly noteworthy as it stands…
With approximately 44 million Americans burdened by mass student loans totaling over $1.6 trillion, President Joe Biden has taken steps to alleviate this crisis. Mass student loan forgiveness faced a setback in the Supreme Court last summer, but there’s still a chance for significant relief Biden has already wiped out $127 billion in student debt…
Arkansas had 35.6 mortgage refinances per 1,000 households in 2022, below the national average. Changing Landscape: Mortgage Refinances Drop Amid Rising Interest Rates Refinancing applications have dropped due to increased mortgage interest rates. Many homeowners refinance their mortgages to cut interest rates or lengthen the term. Certain refinancing options may also give homeowners cash for…
In January, prevailing economic sentiments painted a gloomy picture for 2023, with concerns about inflation and rising interest rates hinting at an impending recession. Fundstrat Global Advisors co-founder, Tom Lee took an unconventional stance, predicting a robust performance for the S&P 500, surging nearly 25% to a year-end target range of 4,750 to 4,800 Tom…
In a recent interview with CNBC, John Williams emphasized, “We aren’t really talking about rate cuts right now. It’s just premature to be even thinking about that.” New York Fed President John Williams quashed rumors circulating on Wall Street about a potential reduction in interest rates The statement caught stock market investors off guard, particularly…
How to pay nursing home costs without affecting financial stability amidst other options and government assistance? How High Nursing Home Costs Will Affect Financial Stability Despite Long-Term Options and Government Assistance Available Paying nursing home costs will reportedly affect financial stability despite various long-term options and government assistance available, wherein the increasing nursing home costs…
Freddie Mac, a leading mortgage giant, reported a seventh consecutive weekly decline, with the average interest rate on a new 30-year fixed mortgage dropping to 6.95% from the previous week’s 7.03%. Mortgage rates fell below 7%, marking the first instance since the summer, providing a glimmer of hope for prospective homebuyers looking for increased affordability…
Bobby Wilder’s $1 million scratch-off win was halved by taxes. Wins and Losses: Lottery Winner’s $1 Million Joy Dwindles to $427,000 After Taxes Federal and state taxes cut his gains to $427,000. The federal government taxes lottery winners over $5,000 at 24%, whereas Wilder pays 5.25% in North Carolina. Wilder of Raleigh won $10 million…
The current monthly average retirement benefit of approximately $1,800 raises concerns about the feasibility of such dreams. In envisioning retirement, many dream of leisurely pursuits funded by their US Social Security checks, providing financial security after a lifetime of work and responsibilities The precarious state of the US Social Security fund, slated to exhaust by…