The Fed cut interest rates, but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
Some shoppers prefer retail store credit cards over buy now, pay later loans. Either way, here's what you need to consider.
Consumer-Driven Finance | Dec 18, 2024 Open Banking Delayed to 2026, Leaving Canada Behind While Favouring Banks If you haven't realized it, Canada likes to delay the rollout of national projects (i.e, Trans mountain pipeline, national housing strategy, Phoenix pay system, high speed rail projects etc), and while it was painfully anticipated, the Canadian government
When it comes to credit card rewards, cardholders often leave money on the table. Now the CFPB is taking a closer look at these programs.
A "faulty" transfer of student loan accounts from NelNet to Mohela led to "millions of consumer credit reporting errors," lawmakers say in a new letter.
OpenAI | Dec 19, 2024 OpenAI Makes Headlines with Employee Stock Sales, AI Updates, and Musk Lawsuit It's been a whirlwind for OpenAI, capturing the tech world's attention with all kinds of developments from a private stock sale that will turn hundreds of employees into millionaires to a high profile lawsuit and exciting product launches.
As the Senate wraps up its final legislative days for the year, it is expected to vote on a bill affecting Social Security benefits for about 3 million people.
It's too soon to tell if 2025 will be a housing market favoring buyers or sellers. But some areas could offer affordable conditions, according to experts.
In the final days of this Congressional session, the Senate could vote to nix rules affecting certain pensioners that have been in place for decades.
Scale-up Research | Dec 18, 2024 Scaling Canadian Fintech and Lessons from the Narwhal Project Class of 2014 Ten years ago Canada’s tech sector had launched 260 startups that had raised at least $500,000 in what became known as the "Class of 2014" (14 page PDF). These companies not only showed early promise and were
AML | Dec 18, 2024 TD Bank Under Pressure as ex-Employee Arrested and U.S. Senators Demanding Answers Back in May 2024, the TD Bank money-laundering scandal hit wires with the CEO Bharat Masrani departing amid a monstrous $3B fine. Yes, that's the same TD Bank Chief that was seeking a level playing field with startup
The central bank has now shaved a full percentage off its benchmark rate since September. Here's what it means for your borrowing costs.
More Americans expect their finances will improve in the New Year, a new Bankrate survey finds. A popular financial goal in 2025 is to pay down debts.
The price of bitcoin sailed past $100,000 in early December and is up more than 130% year to date. Here's how to decide whether to rebalance.
With the Federal Reserve poised to cut interest rates again, experts say cash savers would be wise to shop around now for the best yields.