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Mortgage Rates May Dip Below 6% as Market Outlook Brightens
Fannie Mae Forecasts Mortgage Rates Below 6% and Rebound in Home Sales Homebuyers may soon see a surprising shift in the housing market. When the Federal Reserve began cutting interest rates in September, most economists anticipated a corresponding drop in mortgage rates. Though early forecasts expected mortgage rates to fall below 6% by the end…
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Warren Buffettโs Next Puzzle: Who Replaces Ajit Jain at Berkshire Hathaway?
Now that Warren Buffett has confirmed Greg Abel will take over as Berkshire Hathawayโs CEO by year-end, attention is turning to another major succession question: Who will step into Ajit Jainโs shoes? For nearly 40 years, Jain has been the force behind Berkshireโs insurance operations. His knack for pricing complex risks has helped generate the…
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Housing Market Stalls in 2025 Despite Early Optimism
Economists predicted that the United States would break free of its long-running housing slump in 2025. But the opposite happened. As 2025 began, the stars were aligning for a housing market rebound. Inflation was easing, the economy looked strong and mortgage rates were drifting downward. By April, there were more available homes to buy than…
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The T-Shirt Everyoneโs Talking About for Outdoor Runs
Looking for a go-to athletic t-shirt that actually works as hard as you do? Whether youโre hitting the pavement, heading to the gym, or just want to stay cool while walking the dogโthis trending Amazon t-shirt might be your next favorite. We took a closer look at what makes it so popular, and what real…
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Elephant Seal Stuns South African Town After Wandering Into Suburbs
A large elephant seal took a wrong turn and was seen lumbering along a street in a coastal town in South Africa early Tuesday, surprising residents and inspiring a rescue effort to get him back to sea. The two-ton seal, which an animal welfare group said was a young male, was making his way through…
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Investors Are Trapped in FOGIโFear of Getting InโNot FOMO
Most investors have felt FOMO, fear of missing out. Nowadays, many are feeling the opposite. โIn April, turmoil over President Trumpโs tariffs drove U.S. stocks down 12% in four days. Some investors bailed out, worried Trumpโs policies would overturn decades of agreements that helped global trade thrive.โ Others had exited even earlierโeither bracing for a…
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European Stocks Surge Past Global Markets Amid US Trade Woes
Europeโs equities have emerged as clear winners worldwide as the regionโs economic outlook brightens while President Donald Trumpโs trade war hobbles U.S. financial markets. Five months into the year, eight of the worldโs 10 best-performing stock markets are in Europe, according to data compiled by Bloomberg. That list features Germanyโs DAX Index with a rally…
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Amazon is issuing refunds to customers for returns made years ago โ in some cases as far back as 2018
Amazon is issuing refunds to customers for returns made years ago โ in some cases as far back as 2018 โ that were never properly processed. โFollowing a recent internal review, we identified a very small subset of returns where we issued a refund without the payment completing, or where we could not verify that…
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Housing Data Signals Trouble Ahead Despite Easing Trade Tensions
Housing Market Flashes Warning of an Upcoming Recession Fears of a U.S. recession have temporarily eased following President Donald Trumpโs move to scale back his trade war with China. But according to analysts at Citi Research, other significant threats persist. In a Friday note, Citi cautioned, โHousing activity looks set to contract in Q2 after…
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Hailstorms, Not Tornadoes, Are Driving the Spike in Insurance Rates Across Tornado Alley
The cost of homeowners insurance is soaring in states where large outbreaks of tornadoes are becoming more common. But it’s hail โ not tornadoes โ that are the biggest concern for insurers in the middle of the country, according to industry experts and analysts. “Even though tornadoes are a much more significant threat to life,…
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