Fannie Mae has launched a pilot program to include on-time rental payments in credit reports. Why this might be a game changer for renters.

Tenants have long resented the failure of on-time rental payments to greatly affect their credit scores, as homeowners can reap the benefits of better credit by similarly billing their mortgages. However, this imbalanced reality is gradually beginning to shift in favor of the tenants. Fannie Mae FNMA, + 0.97%And the government backed mortgage giant, announced … Read more

She never explained anything: I’m a senior citizen and I lost $100,000 in the stock market this year. Can I sue my financial advisor?

I am old and have incurred huge losses of $100,000 in the recent stock market turmoil. Can I sue my financial advisor? I understand the market dynamics in terms of its ups and downs, and I let it go before. However, it was different with the market in this time frame insofar as tech stocks … Read more

Why stock market bears are eyeing June lows after S&P 500 dips below 3900

Goodbye, summer bounce. The S&P 500 ended Friday below the crucial chart support level that has been a battleground in recent years, leading technical analysts to warn of a possible test of stock market lows in June. “Over the past three years, at the level of [S&P 500] It closed below that on Friday for … Read more

The next financial crisis may already be ripe, but not as many expect

A growing number of traders, academics and bond market experts are concerned that the $24 trillion US Treasury debt market could head into crisis as the Federal Reserve began its “quantitative tightening” on high alert this month. With the Fed doubling the pace that its bond holdings will “roll” its balance sheet in September, some … Read more

Even after the market crashes, investors are still making two implausible assumptions about the next six months, this economist says

This is not the first time that inflation numbers have surprised the market. The bad news was the S&P 500 SPX It saw the biggest one-day drop in two years, dropping 4.2%. The good news is if you check your 401(k) it will only go back to last week’s levels, futures are holding in the … Read more

2022 NFL and college football bet $31 billion amid push for legalization

As the NFL season kicks off with Thursday’s game between the Buffalo Bills and Super Bowl champion Los Angeles Rams, sports betting operators like DraftKings DKNG, + 3.85%And the FanDuel, MGM MGM, + 1.41% and Caesars CZR, + 2.01% He could be about to set records for betting this year. 46.6 million American adults plan … Read more

Bad news for stocks: The Fed will be surprised by how much higher interest rates will affect the economy, says BlackRock

Federal policymakers are about to surprise themselves — and not in a good way when it comes to stocks and other assets viewed as risky, according to analysts at the BlackRock Investment Institute. BlackRock argued that investors are dealing with a “system shift” as the COVID-19 pandemic upended an unusual period of moderate fluctuations in … Read more

‘Doomsday glacier’ the size of Florida is melting in Antarctica faster than thought

The so-called “doomsday glacier” in Antarctica – given its ominous nickname due to the high risk of collapse and the threat to global sea levels and the economy – has the potential to retreat rapidly within five years. This is faster than the scientists who first studied the demise of the glacier in the 1970s … Read more