In mid-November, mortgage rates saw their biggest decline since 1981. Here’s what 6 pros say will what happen next #business

The latest mortgage rates Getty Images/iStockphoto For most of 2022, the trend of mortgage rates was generally up and then up some more. But in mid-November something big happened: Thanks to better-than-expected inflation numbers, the average rate on a 30-year fixed-rate mortgage dropped to 6.61% the week of November 17th, which was the biggest weekly […]

Year-end rally? Bullish stock-market pattern set to collide with stagflation fears #business

The period between now and year-end marks a historically bullish final stretch of the year for U.S. stocks, particularly just before and after Christmas. The question for investors is whether favorable seasonal factors will be outweighed by economic fundamentals. The momentum toward a year-end rush to stocks seems to only be getting stronger now that […]

Bear markets come in three stages; and we’ve only just started the second, says veteran analyst. #business

Stocks will start the Black Friday half-session near 10-week highs, having rebounded partly on hopes the Federal Reserve will be slowing the pace of interest rate rises as it waits to see how much previous tightening has impacted the economy. Investors are thus looking ahead to when the Fed eventually pivots and borrowing costs can […]

Genesis meltdown: Why investors are worried about bigger problems for crypto #business

Investors are worried that liquidity problems for crypto financial-services firm Genesis could spill over to its parent company, Digital Currency Group, and damage the already battered crypto market even further, after Genesis’s lending arm paused withdrawals last week.  Genesis has been trying to raise at least $1 billion from investors and warned that it may […]

‘My elderly relative determined she could no longer care for herself’: Are her assisted-living facility costs tax deductible? #business

I have an elderly relative in an assisted-living arrangement in Indiana. She was basically directed to go there from a rehabilitation post-surgery, because they determined that she could no longer care for herself. Monthly living costs include room/board, cost for diabetic care and fees for a package of moderate nursing assistance (which can increase or […]

Tencent Music stock jumps after J.P. Morgan recommends investors buy #business

The U.S.-listed shares of Tencent Music Entertainment Group TME, +4.17% 1698, +1.57% surged 3.6% in afternoon trading Tuesday, after J.P. Morgan recommended investors buy into the China-based streaming music and audio entertainment company, as the online music business has evolved from being a cost center to a profit driver. Analyst Alex Yao raised his rating […]