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News
Home equity loan and HELOC rates Monday, July 30, 2026
1+ hour, 42+ min ago (861+ words) Both home equity loans and HELOCs give homeowners a way to borrow against equity accumulated through mortgage paydown or an outright home purchase. These loans use your property as collateral, which generally results in lower rates compared with unsecured borrowing…...
Wall Street is panicking over Kevin Warsh's patience
12+ hour, 11+ min ago (495+ words) Kevin Warsh, in his second press conference as Fed chairman, gave the bond market credit for doing his tightening for him. Within the hour, it went further, and made clear what it thought of his decision not to raise rates....
Fed, in a nail-biter July meeting, decides to leave rates unchanged
14+ hour, 15+ min ago (704+ words) The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation caused by the Iran war and a spike in energy prices. New Fed Chair Kevin Warsh, presiding over his second meeting of the central bank’s rate-setting…...
Ultra wealthy are looking to leave the U.K. thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay
17+ hour, 57+ min ago (544+ words) But it’s not just an abstract concern—it’s already happening. Martin Ott, the CEO of Taxfix, the Berlin-based tax app valued at more than $1 billion, exclusively told Fortune some of its wealthy U.K.-based clients have been eyeing an…...
Fed expected to hold rates as Iran-Jordan clash reignites war fears, with oil prices jumping more than 4%
19+ hour, 11+ min ago (682+ words) Wall Street is mixed before the opening bell Wednesday and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian missile barrage launched against American forces in the Middle East. Oil prices — which had eased from last…...
A pound of ground beef now costs $6.82 — and that number is crushing consumer confidence
19+ hour, 36+ min ago (500+ words) Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from 92.2 in June....
The American Dream has given way to the 'Great Postponement,' writes Ivy League professor, and achieving it doesn't rely on hard work anymore
21+ hour, 41+ min ago (570+ words) Susan Wachter is a professor of real estate and finance at the Wharton School of the University of Pennsylvania, and in an article published yesterday, she evaluated how the American Dream is faring as the U.S. turns 250 years old. Prof. Wachter…...
JPMorgan CEO Jamie Dimon says his father taught him to invest with a 'brutally hard' childhood game
1+ day, 1+ hour ago (685+ words) Like legendary investor Warren Buffett, JPMorgan CEO Jamie Dimon’s finance career started in childhood. But in an unusually hands-on fashion, Dimon spent hours playing investment simulation games with his father. “He would give me an industry you might know something…...
IMF praises 'sacrifice of the Argentine people' as Milei's austerity measures bring end of debt deals into view
1+ day, 20+ hour ago (530+ words) International Monetary Fund Managing Director Kristalina Georgieva praised Argentine President Javier Milei’s austerity policies and reform agenda Monday, saying they have restored market confidence in a country long regarded as a serial defaulter on its sovereign debt. Georgieva, the first…...
'The UAE has been a fantastic investor': Jeff Zucker hails UAE partnership after Banijay merger
1+ day, 22+ hour ago (1290+ words) When I caught up with U.S. media executive Jeff Zucker recently, one thing stood out: he sees the UAE as one of the world’s most exciting places to do business. In the wake of the Banijay-All3Media $8 billion mega-merger, Zucker told me:…...