Tag Archives: MoneyWatch

With surging mortgage rates and real estate prices making it harder to buy a home, the adjustable-rate mortgage is making a comeback. Consumer interest in ARMs has been creeping up and is now at its highest level since 2019, according to data from the Mortgage Bankers Association. In the last week, more …

Sales of previously occupied U.S. homes slowed in March to the slowest pace in nearly two years as a swift rise in mortgage rates and record-high prices discouraged would-be homebuyers. Existing home sales fell 2.7% last month from February to a seasonally adjusted annual rate of 5.77 million, the National …

Meta CEO Mark Zuckerberg wants to let people buy and sell virtual goods and services — with actual money — in the metaverse The tech billionaire on Monday said his company is testing new tools that will allow creators to earn money off of things they make that will exist …

The Whopper may be, well, only somewhat of a whopper — at least in real life, alleges a new class action lawsuit. Four Burger King customers are suing the chain over its marketing, claiming that the company makes the burger look about 35% bigger in its advertising than it is …

The poverty rate for children in the U.S. has surged since monthly government checks from the expanded Child Tax Credit ended in December, according to a recent study from Columbia University researchers.  An additional 3.7 million children slipped into poverty in January, their analysis found. That pushed the national child poverty …

Stocks dipped on Monday as investors keep a wary eye on the developing situation in Ukraine as Russian troops mass along the country’s borders. The S&P 500 lost 17 points, or 0.4%, to end the day at 4,402. The Dow dropped 172 points, or 0.5%, to close at 34,566, while …

Thousands of early-childhood educators in Washington, D.C., will receive checks of at least $10,000 from their local government, after the city council voted in favor of the measure Tuesday.  Higher taxes on Washington’s wealthiest residents will make the direct payments, which can range up to $14,000, to day-care workers and …

A FedEx driver made at least half a dozen trips to discard hundreds of packages in a wooded ravine in Blount County, Alabama, according to local authorities investigating the matter. Roughly 450 people were victims of theft, some of them residents of the county and some not, the Blount County …

Washington — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. The Fed’s move could lead, over time, to somewhat …

Yellowstone and Yosemite will continue to be overcrowded unless officials implement a reservation system at more national parks and hire additional staff to handle the influx of visitors, federal lawmakers said Wednesday.  Those were two suggestions made by Angus King, a U.S. Senator from Maine, during a Congressional hearing about how to …