‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market

‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market

Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Real estate agents describe the mayhem when it comes to prices. … Read more

Should the Fed start selling its mortgage holdings at a loss to fortify its inflation fight?

Should the Fed start selling its mortgage holdings at a loss to fortify its inflation fight?

Yet a big question still facing investors, lenders and anyone trying to navigate the still-hot housing market is whether the Federal Reserve will start selling its trove of mortgage holdings to fortify its inflation fight. The central bank is so far trying to counter inflation by more traditional means: raising benchmark interest rates. No doubt, … Read more

What to expect in a typical recession

What to expect in a typical recession

There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean – and what would a potential downturn look like? A recession is defined as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months,” according … Read more

The US cities where homes are most at risk from hurricanes and other storm damage

The US cities where homes are most at risk from hurricanes and other storm damage

As the country enters hurricane season from June 1 to the end of November, homes in New York and Miami are at the highest risk for property damage, according to a report released Wednesday from housing-research firm CoreLogic. Overall, more than 33 million homes in America are at risk of suffering damage from hurricanes, according … Read more

The 10 ‘most American-made’ cars and SUVs may surprise you

The 10 ‘most American-made’ cars and SUVs may surprise you

One Tesla model topped another to rank as the most “American-made” vehicle for 2022 in this long-running index that judges contenders based their US-based assembly line, major parts sourcing and other features. It’s Tesla’s TSLA, + 9.35% Model Y earning the No. 1 ranking from Cars.com this year, the auto listing and news site announced … Read more

Beyoncé’s ‘Break My Soul’ is an ode to the Great Resignation

Beyoncé’s ‘Break My Soul’ is an ode to the Great Resignation

Beyoncé released a new single, “Break My Soul,” on Monday. The song references quitting a job and employee stress, alluding to the recent Great Resignation trend. Larry Busacca | PW18 | Getty Images The Great Resignation is part of the zeitgeist. If you need proof, just ask Beyoncé. The superstar singer’s new single, “Break My … Read more

I’m paying my adviser 1%, but ‘the only communications I get are invoices.’ So I want to regain sole control of my accounts – without having to talk to him about it. Is this possible?

I’m paying my adviser 1%, but ‘the only communications I get are invoices.’  So I want to regain sole control of my accounts – without having to talk to him about it.  Is this possible?

“I want to take back control of my accounts and manage them myself – perhaps in consultation with a fee-based advisor eventually.” Getty Images Question: Eight years ago I hired a financial advisor because the rounds of layoffs at work were coming more regularly, and I wanted to know if my savings were enough for … Read more

401 (k) plans may not last long enough in retirement

401 (k) plans may not last long enough in retirement

Elena Kurkutova | Istock | Getty Images Older Americans may have a number of different goals with their retirement savings. But usually their main goal is the same: to make it last. Unfortunately, many younger baby boomers and members of subsequent generations who do not have access to a traditional pension could outlive the funds … Read more

Businesses are preparing for a crypto winter — here’s what that means

Businesses are preparing for a crypto winter — here’s what that means

Companies are showing concerns of a recession, and in the crypto space, many are preparing for a crypto winter. Coinbase is laying off 18% of its workforce, or roughly 1,100 people, according to an email sent to employees Tuesday morning. CEO Brian Armstrong said the company grew “too quickly” during a bull market and expressed … Read more

SEC issues investor protection rule charges. How to find a good advisor

SEC issues investor protection rule charges.  How to find a good advisor

Finding a broker or financial advisor you can trust may, at times, seem like a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded the … Read more