Switching banks can pay off. If you choose wisely, it could make your financial life more convenient and even help you save on fees. What’s more,…
Federal Reserve Chair Jerome Powell on Friday said that the “balance of risks appears to be shifting” in the U.S. economy, as central bank policymakers weigh labor market conditions and inflation data ahead of their next…
Key takeaways Growth ETFs may generate better long-term results, but they also carry more risk. Value ETFs are less risky and may perform better in unstable markets, but come with less potential to grow. It is important to determine your financial goals and risk tolerance when evaluating which ETF style…
A covered call is an options trading strategy that offers limited return for limited risk. A covered call involves selling a call option on a stock that you already own. By owning the stock, you’re “covered” (that is, protected) if the stock rises and the call option expires in the…
A new analysis from the Bank of America Institute found that consumer spending on live sporting events has risen markedly compared to pre-pandemic levels, which has also spurred a rise in spending at nearby restaurants and bars. David Tinsley, senior economist at the Bank of America Institute, told FOX Business in…
Key takeaways Your loan-to-value (LTV) ratio is the balance of your mortgage loan divided by the value of the property you’re buying, usually expressed as a percentage. A lower LTV ratio can help you get a lower interest rate on your mortgage. Lenders set a maximum LTV ratio for the…
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Key takeaways A 5/1 ARM loan provides an initial fixed-rate period of five years, after which the interest rate adjusts yearly depending on current market rates. ARM loans have rate caps, a ceiling for how…
