The federal government is taking steps towards addressing bias in the home-appraisal process, after media reports and a new documentary series surface instances of bias and undervaluations.  Marcia L. Fudge, secretary of the U.S. Department of Housing and Urban Development, on Thursday said that through the Federal Housing Administration, HUD was creating a process that people who are seeking FHA

The head of U.S. Chamber of Commerce blasted the federal government Thursday for what she described as its polarization, overreach and inability to act strategically, as she also called for action in areas such as permitting reform, immigration and trade. “Business demands better from our government, because, when it comes to Washington, the state of American business is fed up,”

As the pivotal fourth-quarter earnings season kicks off Friday, there appears to be a tug-of-war being waged on Wall Street. On one side are those who believe the outlook has already been lowered enough to provide a springboard for better-than-expected results and stock gains, while on the other side are those believing that lackluster results and downbeat forward guidance will

Goldman Sachs Group’s investment strategy team expects stocks in the U.S. and Europe to beat other asset classes this year despite recession fears.  “We expect US and Eurozone equities to be the best-performing asset classes in 2023, with total returns in local currency of about 13% in our base case scenario,” said Sharmin Mossavar-Rahmani, head of Goldman’s investment strategy group,

Maybe you can take it with you?  There’s a nascent market developing for portable retirement plans that target gig workers and job jumpers, and accounts that give workers more flexibility when it comes to retirement saving. Given that the average worker will have 12 different jobs in their lifetime, according to the Bureau of Labor Statistics, there’s a lot of

Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core prices rose 0.3%. “The 2021 surge in durable goods demand normalized, and the resulting collapse in durable goods price inflation was stunningly fast,” says Paul Donovan, chief economist of UBS

Katie St. Ores has a 100% track record of getting her tax clients out of paying the steep penalty for missing a required minimum distribution from their retirement funds. That amounts to only two households getting forgiveness, but it represents a lot of dollars, because the fee for any sort of mistake with RMDs is 50% of what’s missing, which

This article is reprinted by permission from NerdWallet.  When a power outage knocked out electricity to a multistate region in 2003, Gabriella Barthlow, a financial coach in the Detroit area, was prepared. She had enough money on hand to buy food for herself and her two young children, plus put gas in her car in case they needed to leave

This article is reprinted by permission from NextAvenue.org. Nature could be one of the keys to mental health — but what if you cannot hike or spend hours outdoors? Kristen Mastel grew up enjoying time outside, but she found that as an adult, that time decreased. “As an academic librarian, I have similar responsibilities as faculty to publish, teach and service,”

The roller coaster economic ride that began with the emergence of COVID-19 in early 2020 has reshaped how car buying works. Will it ever get back to what we might call “normal?” Brian Finkelmeyer, senior director of new-vehicle solutions at Cox Automotive, likens it to a staring contest “between consumers, dealers, and automakers. The question is, who will blink first?”

U.S. stock futures were little changed on Friday, as investors await the first batch of big fourth-quarter earnings that will include reports from JPMorgan Chase & Co. and Bank of America Corp. Shares of Tesla Inc. TSLA, +0.28% fell in premarket trading after the company announced price cuts for its Model 3 and Model Y cars. How are stock-index futures

Inflation data may no longer be the big catalyst for stocks that it once was. U.S. stocks bounced around to a higher close on Thursday, even though investors received some encouraging inflation news after the consumer-price index for December showed its first monthly decline since the pandemic swept across the globe in 2020. Considering that inflation has been one of

This week’s Golden Globes proved you can continue to peak in your career well into your golden years.  Several of the night’s biggest winners with the most memorable acceptance speeches were entertainers in their 60s and 70s, including Michelle Yeoh, Jennifer Coolidge, Angela Bassett, Eddie Murphy and Steven Spielberg. And what resonated with many viewers was how candid these winners

ExxonMobil’s internal climate science research, which began as soon as the 1970s, accurately and regularly predicted the pace and severity of global warming, even as executives publicly said the data wasn’t accurate or relevant enough to change the course of further oil and gas development, a new study finds. The study published Thursday in the journal Science found that over the next

CES 2023 marked a “Return to Normal” for the annual tech event. With 100,000 plus back in Las Vegas, it felt like the CES of old, but for healthcare and digital health technology, it was all about what is new.  With several megatrends garnering the spotlight at this year’s show, including automotive, devices, and the metaverse, it was healthcare-focused technologies

Joe Biden’s aides have found more potentially classified documents in a second location, after revealing that some had been found in November. The latest development is adding fuel to a political fire for the president as the new year dawns with Republicans now in charge of one chamber of Congress. With memories of classified information found at former President Donald

It’s not too early to start thinking about your 2022 income-tax return, if you can bear the thought. That’s because the tax-filing season is scheduled to start on Monday, Jan. 23, the Internal Revenue Service announced Thursday. That’s less than two weeks away. April 18 is the deadline for most people to file a return and pay any taxes due.

The U.S. stock market has been in a positive mode since the the S&P 500 SPX, +0.60% rose above 3880 recently. Now, the index has succeeded in overcoming resistance at 3940, and that should be a major bullish signal. There is the matter of a short-term negative seasonal pattern (see the Market Insight) section, but that will dissipate in 10