Mortgage Applications Drop Almost 5% Last Week as Borrowers Remain Cautious on Rate Hike
The Fed rate hike in the last few months has increased uncertainty to mortgage borrowers as the debt-crisis debate intensifies.
Personal Finance
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Consumer Debt in United States Spikes to New ATH $17.05T in Q1 2023
The announcement of high United States consumer debt comes as the debate for the national debt ceiling raises concerns over high inflation.
Binance CEO CZ Is on Bloomberg’s ‘New Finance Rich List’
While Bloomberg says the Binance head is worth $28.2 billion, Forbes says Zhao’s net worth as of April 27 is $10.5 billion.
World’s Wealthiest Cities Increase Their Millionaire Populations, with New York City and China’s Hangzhou as Best Performing
By
Tolu Ajiboye
New York City and Hangzhou are the world’s wealthiest cities considering number of HNWIs and millionaire population growth.
PayPal Cut CEO Dan Schulman’s Remuneration by 32%
Schulman is set to retire by the end of the year as he announced back in February.
Peter Schiff Says ChatGPT Is ‘Pretty Intelligent’ to Choose Gold Over Bitcoin
By
Darya Rudz
While many consider Bitcoin as a hedge against inflation, Peter Schiff believes that investing in cryptos is a losing game. As he has explained, rather than being backed by a real asset, Bitcoin is supported only by people buying it, which undermines its value.
Existing Home Sales Surged 14.5% in February as Result of Lower Mortgage Rates
By
Darya Rudz
According to NAR Chief Economist Lawrence Yun, home prices will not collapse, but this is not the bottom yet, meaning there might be a further decrease. The number of units sold could be even higher, but there is still a very low supply.
How Biden Billionaire Minimum Tax Affects Volatile Stocks and Ultrarich Like Elon Musk
The levy on unrealized capital gains is a significant change in the Joe Biden Billionaire Minimum Income Tax.
Oxfam Reveals How Richest 1% of All People Became Richer in Two Years
While inflation gulps the wages of at least 1.7 billion workers, billionaires see their fortune increase by $2.7 billion on a daily basis.
Tesla Promotes China Boss Tom Zhu to Highest-Profile Executive Role after Elon Musk
By
Tolu Ajiboye
Tesla China boss Zhu becomes the company’s highest-profile executive, second only to Musk, and looks to strengthen global operations.
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
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