Monthly Archives: August 2022

The S&P 500 is seen as a gauge of the stock market itself — here’s how this widely watched stock index works

Keep reading to see how the S&P 500 stock market index works. Alexi Rosenfeld / Contributor/Getty Images The S&P 500 is a broad-based stock market index, consisting of the 500 largest US public companies.The diversity and size of the companies it tracks make the S&P a proxy for the entire stock market.You can’t invest in…

Serena Williams and Alexis Ohanian have a combined net worth of $189 million. Here’s how they make and spend their money.

Serena Williams and Alexis Ohanian have a combined net worth of $189 million.Williams has won 72 tennis tournament titles on her way to racking up $88 million in prize money.Ohanian sold Reddit for millions when he was in his mid-20s.Visit Business Insider’s homepage for more stories.  Following is a transcript of the video. Narrator: In…

Nancy Pelosi should hold Biden accountable for his ‘unconstitutional and illegal’ student-loan forgiveness, 94 GOP lawmakers say

House Speaker Nancy Pelosi attends her weekly news conference at the US Capitol on February 23, 2022 in Washington, DC. Win McNamee/Getty Images Nancy Pelosi said last year that Biden doesn’t have the authority to cancel student debt. But last week, Biden canceled up to $20,000 student debt for federal borrowers. 94 GOP lawmakers called…

Hazard insurance protects your home’s structure from catastrophic loss and is required by your lender

Hazard insurance covers damage caused primarily by natural or manmade events such as severe storms or vandalism. Edruba/Getty Hazard insurance is the part of a homeowners policy that covers damage from fire, weather, and other natural events. Floods and earthquakes are the two main exclusions to hazard insurance. Your lender will inform you about minimum…

The highest savings account rates today: Earn 2.05% APY or more on a high-yield savings account

Savings interest rates have steadily gone up throughout 2022. Several online banks now have high-yield savings accounts paying 2.05% APY or more. Our best savings accounts guide and best high-yield savings account guide can be great starting points in your research, as they often include helpful features other than just high rates for customers. But…

Starbucks’ pumpkin spice lattes are back in stores Tuesday — with a price bump due to inflation

Starbucks’ famous pumpkin spice drinks can be ordered with vegan whipped cream — in two locations. Starbucks Starbucks’ pumpkin spice latte returns to stores on Tuesday with a higher price point.  CNN reports that a grande-sized PSL will cost 4% more compared to last year.  The price hikes come as inflation continues to hit many…

Mark Zuckerberg sat down for a rare, free-wheeling 3-hour interview with Joe Rogan. Here are all the biggest revelations.

James Gilbert/Getty Images; Drew Angerer/Getty Images; Insider Mark Zuckerberg appeared on Joe Rogan’s show last week in a 3-hour segment. The two discussed the metaverse, exercise habits, and those jokes about Zuckerberg being a robot. Zuckerberg also said the FBI warned him to be on-guard for polarizing content before the 2020 election. Meta CEO Mark…

Powell’s message at Jackson Hole shows the Fed won’t pivot from its rate hike policy even if inflation continues to fall, former Fed president Thomas Hoenig says

Fed Chair Jerome Powell said Thursday that he would like to move faster with rate hikes. ANDREW CABALLERO-REYNOLDS/Getty Images The former president of the Kansas City Fed thinks the central bank won’t pivot from tightening.  Thomas Hoenig told CNBC Monday that the Fed could possibly tinker with its next hike but it won’t pause.  “Inflation…