Fed rate hike: What it means for mortgage rates
Hal Bundrick, CFP, NerdWallet 12:03 p.m. EST December 17, 2016Fed rate hikes could have a modest effect on mortgage rates.(Photo: Michael Dwyer, AP)The Federal Reserve hiked short-term interest rates by 0.25 percentage point today, in line with nearly universal expectations. It’s the first time the central bank has raised rates in almost a year.If you’re a current or would-be homeowner, you shouldn’t feel rushed into action. In fact, the biggest moves in mortgage rates have likely a..>> view originalVenezuela postpones currency move after chaos, protests
By Corina Pons and Andrew Cawthorne | CARACAS CARACAS Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country's largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100 bolivar note from circulation this week - before new larger bills were available - led to vast lines at banks, looting at scores of shops, anti-government protests and at lea..>> view originalElon Musk seems serious about creating a boring company to solve traffic
Elon Musk seems serious about creating a boring company to solve traffic Image: Britta Pedersen/picture-alliance/dpa/AP Images By Adario Strange2016-12-17 20:04:37 UTC Tesla and SpaceX founder Elon Musk has a pretty good sense of humor, but sometimes we can't tell when he's just joking or mulling his next big idea. For example, on Saturday Musk took to Twitter to say out loud what every traffic-plagued Los Angeles resident is silently screaming inside: The city is a gridlocked hellscape. ..>> view originalCarbondale families benefit from Toys for Tots
+3 Locals of Carbondale and surrounding areas gathered outside of the local Fire Station on Glenview Drive on Saturday as volunteers distributed toys for the U.S. Marine Corp Reserve Toys for Tots program. Residents from Carbondale and surrounding areas anxiously assembled outside of the local Fire Station on Glenview Drive on Saturday as volunteers collected and distributed toys on behalf of the U.S. Marine Corp Reserve Toys for Tots program. According to M..>> view originalTrump has a chance to 'drain the swamp' at the Federal Reserve
Donald Trump at a meeting with tech leaders at his tower in Manhattan. Drew Angerer/Getty Images The Trump administration's economic team is beginning to take shape, but we still don’t have nominees for two Federal Reserve Board vacancies. Whoever gets them will have a chance to truly disrupt the global economy. That’s a big deal—so why haven’t we heard more about Trump’s plans for the Fed? If he really wants to "drain the swamp," the Federal Reserve is a big part of..>> view originalThis car promises to be fully electric and drive itself. Will that be enough?
California-based Lucid Motors unveiled the Air, a luxury electric sedan poised to challenge Tesla. (Lucid Motors) California-based Lucid Motors officially unveiled its first high-end electric vehicle this week, a sleek, sunlit sedan called the Lucid Air that executives expect will roll off the assembly line starting late 2018. But as advancements in automotive innovation — autonomous driving, electric vehicle batteries and ride-sharing, among others — continue to progress at a rapid clip, it..>> view originalChristmas tree tradition has intriguing roots
An attractive, beautifully decorated Christmas tree is one of the most beloved symbols of the holiday season.But the tradition of the Christmas tree can be traced back to ancient times, when superstitious people hung evergreen boughs over their doors and windows to keep evil (witches, elves, fairies and the like) and illness away. The Romans used evergreens to decorate their homes and temples as part of their celebration of the winter solstice; the festival of Saturnalia, the pagan feast of Sat..>> view originalItaly's Monte Paschi to Start Taking Orders for Shares on Monday
Monte Paschi to Start Share Sale in Effort to Avert State Rescue by and December 17, 2016, 1:37 PM EST December 18, 2016, 3:10 AM EST Banca Monte dei Paschi di Siena SpA will begin taking orders for shares Monday as it aims to complete raising 5 billion euros ($5.2 billion) by the end of the year to avoid a rescue by the Italian government. The most important market news of the day. ..>> view originalSaudi Telecom Co. Buys Stake in Riding-Hailing App Careem
DUBAI, United Arab Emirates รข€” The Saudi Telecom Co. has bought a 10-percent stake in the ride-hailing app Careem, which is a Mideast competitor of Uber.The largely state-owned communication firm announced Sunday in a stock exchange filing it bought the stake for $100 million.Saudi Telecom Co. said the purchase is "in line with the company strategy to invest in the innovative digital world."Dubai-based Careem, which began operations in July 2012, operates in 11 countries across the Mideast.Th..>> view original
Wednesday, December 28, 2016
Fed rate hike: What it means for mortgage rates and other top stories.
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