Homebuying activity is falling off a cliff (On a yearly basis, pending transactions were down by 18.7%) ( finance.yahoo.com )
AI will be at the center of the next financial crisis, SEC chief Gary Gensler says ( markets.businessinsider.com )
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks ( www.mitrade.com )
■ The Japanese Yen continues to draw support from expectations for a hawkish BoJ pivot....
Money tips from one of the greatest investors in history ( www.npr.org )
[USA] Index Funds Have Officially Won ( www.morningstar.com )
The inevitable at last arrived. Last month, for the first time, passively managed funds controlled more assets than did their actively managed competitors....
2022 Updated Federal Survey: Net Worth by Age (Median) ( sh.itjust.works )
cross-posted from: sh.itjust.works/post/7528778...
Where are European mortgage holders most exposed to higher rates? | Financial Times ( www.ft.com )
Student loan interest resumes Friday and payments restart in October. Here’s what borrowers should know ( www.cnn.com )
Interest will start accruing again on September 1, after rates were effectively set to 0% since March 2020 for federal student loans. Now, interest rates, which are fixed and vary by loan, will return to the same rate they were before the freeze....
Will drug price negotiations work? Here’s what you need to know. ( www.politico.com )
Many steps remain before older adults see the benefit of the Centers for Medicare and Medicaid Services’ upcoming talks with drugmakers.
Clark Howard: Here’s Why Domestic US Flights Are Getting Cheaper and How You Can Take Advantage ( finance.yahoo.com )
Domestic airfare fell 2% to an average of $267 per ticket in August. The plateau will last through mid-September, but then begin to rise as the holiday season approaches, peaking in late November or early December.
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls ( www.cnbc.com )
Gross domestic product was expected to increase at a 2% annualized pace in the second quarter....
[US] First time tax penalty abatement ( www.cnbc.com )
I wasn’t aware of this until now, probably because I never needed it. But if you’re usually a good, on-time tax filer, but you forgot this year for some reason, you can apply to get fees waived....