U.S. mortgage rates rose for the fourth straight week to their highest level in two months, dealing a major blow to housing affordability. The 30-year fixed-rate mortgage increased and averaged 6.94% as of Feb. 29, according to data released by Freddie Mac FMCC,+0,92%THURSDAY. This is an increase of 4 basis points from the previous week … Read more
SEC Investigates Whether Sam Altman Misled OpenAI Investors SEC Investigates Whether Sam Altman Misled OpenAI Investors Published: Feb. 29, 2024 at 4:38 a.m. ET Securities and Exchange Commission probes into OpenAI’s investor allegations The Securities and Exchange Commission (SEC) is reportedly conducting an investigation into allegations surrounding Sam Altman, former head of OpenAI, questioning whether … Read more
My husband and I can’t decide between selling our house or renting it. We live in Northern California, in an area we don’t like. The house is cute, we have a 2.5% interest rate, and we have $262,000 left on our mortgage. The Redfin estimate for our house is currently $550,000. We took in a … Read more
Wall Street Raises Concerns about Options-Driven Momentum Trade | HighlyRespectableNews Wall Street Raises Concerns about Options-Driven Momentum Trade Wall Street is growing increasingly uneasy about an options-driven momentum trade that has helped push the S&P 500 index into record territory. Analysts Eye Nvidia Earnings Report Market analysts pinpoint Nvidia Corp.’s earnings report as a potential … Read more
Meta CEO Mark Zuckerberg Set to Earn $700 Million in Dividends Meta CEO Mark Zuckerberg Set to Earn $700 Million in Dividends Mark Zuckerberg, CEO of Meta Platforms Inc., delighted Meta shareholders and Wall Street this week with the announcement of the company’s first-ever dividend. This news comes as Meta’s stock dividends prove to be … Read more
I have six brothers and sisters. My youngest brother, 50, has his name on the title deed to the family home, as do my two deceased brothers. Two sisters got married and withdrew their names from the act. One of our sisters was on the title, but she also passed away. My brother says, “It … Read more
In your article “I want to access my 401(k) sooner. Is a loan the only way? you wrote that hardship distributions were “…available only if the participant has an “immediate and significant financial need” and that the distribution cannot exceed the amount “necessary to satisfy the financial need.” Cher Kent, There is some definition of … Read more
I am 56 years old and semi-retired. I was a single mother for many years, but managed to find success during over 30 years of working in corporate America. My total net worth is approximately $3.4 million, including my home, investments, and cash. I will write my last tuition check at the end of this … Read more
My wife and I are both retired. Right now we have an IRA worth over $800,000, which is intact, and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 remaining with an … Read more
I’m a 76-year-old widow with a $153,000 mortgage, $73,000 in investments, and $20,000 in a high-yield savings account. My Social Security and very small pension provide me with a monthly income of $3,400 per month. I save about $400 per month, split between my bank savings ($100), my high-yield account ($200) and my investments ($100). … Read more