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As the Fed hikes rates a quarter point, here’s where financial advisers are telling clients to invest — and store — their money
The Fed’s 25 basis point move is its eighth consecutive interest rate hike. Read more
Colleges used pandemic-era relief funds to write off nearly $1.5 billion in student debt
The money students owe colleges, which is separate from the $1.7 trillion in government loans, can prevent them from getting their degrees. Read more
Where builders are building the most single-family homes – these are the top five markets
Most of the major single-family home markets are in the South, according to data from the National Association of Home Builders. Read more
DC townhouse linked to fallen FTX founder Sam Bankman-Fried is listed for $3.3 million
Since FTX’s implosion and bankruptcy filing in November, its founder Sam Bankman-Fried has experienced dramatic life changes. Read more
Florida blimp company owner sentenced to 5 1/2 years for stealing $8 million in COVID aid
Patrick Walsh claimed he was trying to keep his airship business afloat, but prosecutors say he used the money to buy high-priced real estate. Read more
Credit card balances rise – as inflation and interest rates create ‘hardship’ for cash-strapped Americans, TransUnion says
Generation Zers saw particularly rapid growth in credit card balances at the end of last year. Read more
US construction spending falls in December
Construction spending in the United States fell 0.4% in December, the Commerce Department reported on Friday. Read more
I’m 66 and I have $47,000 left on my 30-year mortgage. I’ll be 90 when it’s paid off. Should I refinance to a 15-year fixed?
“My interest rate is 3% and it’s a 30-year fixed rate mortgage. I pay $136 a month. Read more