Inflation stayed elevated in September and remained well above the Federal Reserve’s target rate as policymakers prepare to meet next week to decide on their…
The recent arrests of NBA figures Chauncey Billups and Terry Rozier in connection with federal gambling probes have garnered national attention, but financial misconduct is hardly new to the business world. For years, scandals surrounding…
Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia’s war in Ukraine. Brent crude futures were up 5%, while West Texas Intermediate crude futures climbed more than 5.2% as of Thursday morning.The Trump administration on Wednesday moved to sanction Russia’s largest oil producers,…
President Donald Trump pardoned Changpeng “CZ” Zhao, the convicted founder of Binance, the world’s largest crypto exchange. Zhao pleaded guilty in 2023 to a single violation of the Bank Secrecy Act, which included failure to properly guardrail money laundering. He also paid $4 billion to resolve the Department of Justice’s…
Key takeaways With a fixed-rate mortgage, the rate literally remains fixed: It carries the same interest rate and monthly payment for the entire life of the loan. But an adjustable-rate mortgage (ARM) has an interest rate that changes at preset intervals, increasing or decreasing the monthly payment each time. The…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates edged lower again this week, with the 30-year fixed rate averaging 6.26 percent, down from 6.35 percent the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week…
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People lined up outside one of Orlando’s newest establishments for its grand opening and ribbon cutting this week, hosted by celebrity bar expert Jon Taffer. The “Bar Rescue” reality TV star opened the doors to…
