MoneyWatch

Gold investing is often considered a smart way to hedge against inflation and diversify your portfolio. But, in 2024, with the price seemingly on an endless upward trajectory, investors may be able to make quick income with the metal as well. To do so, they’ll need to take a strategic approach to the investment by making some select moves right …

For most people, the mortgage rate they’re offered plays a significant role in whether or not it makes sense to buy a home. After all, the lower your mortgage rate, the more affordable your monthly payments generally are — and the less you pay in total interest over the life of the loan. So, waiting for even a slight drop …

Thanks to inflation and a higher federal funds rate, certificate of deposit (CD) interest rates have increased exponentially in recent years. CD interest rates barely broke 1% a few years ago. By comparison, today’s average 12-month CD rate, as of August 22 2024, is 1.80%. And many of the best 12-month CDs have rates over 5% right now. However, now …

President Biden’s exit from the presidential race and move to endorse Vice President Kamala Harris as the Democratic party’s candidate has prompted investors and economists to reassess the campaign’s impact on everything from the stock market to the so-called “Trump trade.” So far, U.S. markets are taking Biden’s announcement to leave the campaign in stride, with thebroad-based S&P 500 index …

The best state to retire in the U.S. is also one of the smallest, according to a new ranking. Based on its high marks for affordability, access to high quality health care, overall well-being and other categories, Delaware, known as the “First State,” earned the top spot in Bankrate’s annual ranking of the best states to retire in the U.S. …

Right now, the average American is carrying about $7,950 in credit card debt. And, while this type of high-rate debt is never ideal, it can be even more of an issue in today’s economic environment. After all, credit card rates have been climbing recently, and if your balances aren’t paid off each month, the interest charges can accumulate quickly. That, …

Those who thought gold prices peaked after a slower start to the summer were pleasantly surprised last week when the precious metal surged to its latest record high, hitting $2,472.76 per ounce on July 17. That comes after the yellow metal had broken numerous price records so far in 2024 — and after it started at just $2,063.73 per ounce …

Interest in gold investing has been steadily climbing over the last few years — and investors have had their eyes locked on gold for the last few months in particular. One driver in that equationhas been inflation, which has led investors to seek out safe-haven assets, like gold, to help preserve their wealth. And, gold’s price has been on an …

A certificate of deposit (CD) is typically a smart way to grow and safeguard your money, regardless of the economic climate in which you open it. But, in recent years, these sorts of accounts have seen their benefits surge thanks to inflation and an elevated interest rate climate, causing returns on CDs to grow exponentially. In recent years, savers haven’t …

U.S. auto safety regulators are investigating complaints that some Ram pickup trucks and Jeep Wagoneer SUVs can lose power, shift into park and apply the emergency brake. The probe announced Monday by the National Highway Traffic Safety Administration covers about 150,000 vehicles made by Stellantis from the 2022 model year. All have the company’s 5.7-liter Hemi e-Torque mild hybrid system …