Monthly Archives: October 2022

Today’s mortgage and refinance rates: October 14, 2022 | 30-year fixed rates near 7%

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. The average 30-year fixed mortgage rate increased to 6.92% this week, according…

Here’s where stocks and inflation could be headed next after the market’s stunning reversal

Good morning, this is Jason Ma and I’m still in shock from Thursday’s massive stock market swings after the inflation report, which showed consumer prices rose 8.2% annually in September, ahead of expectations for an 8.1% increase. While the headline rate dipped from 8.3% in August, core inflation accelerated to 6.6% from 6.3%, cementing expectations…

Flights before Thanksgiving cost 43% more this year and it might only get more expensive

Ulrich Zillmann/Getty Images The average round-trip domestic airfare for trips between November 20 and November 24 this year costs $350, according to the Hopper. Rising jet fuel prices, fewer scheduled flights, and pent-up travel demand are to blame. Travelers can save money on unconventional flying days. Expect to pay 43% more this year for a…

Russia’s war on Ukraine will keep hurting its economy for years to come, Treasury Secretary Janet Yellen says

Western sanctions will constrain Russian economic growth for years, Treasury Secretary Janet Yellen said Thursday. Joshua Roberts/Reuters Russia’s economy will struggle to grow due to the fallout from its war on Ukraine, Janet Yellen has said. Economists have forecast Russia’s economy to contract by over 6% this year and 4% in 2023. Sanctions will “create…

Trump wants to testify to the January 6 committee, but only if they broadcast it live, NYT reports

Video of former President Donald Trump is played during a hearing by the Select Committee in Washington, DC, on June 13, 2022. Chip Somodevilla/Getty Images Former President Donald Trump discussed the Jan. 6 committee subpoena with aides, a report said.  He said he might do it, if it could be broadcast live on TV.  Trump…

A couple used the empty Florida mansions of top Venezuelan officials to defraud banks of almost $10 million, report says

The Art Deco district of Miami Beach. Randy Faris/Getty Images A couple used the empty Florida mansions of top Venezuelan officials to defraud banks. Carlos Castañeda and Genesis Martusciello obtained mortgages worth $10M, The Wall Street Journal reported. They borrowed against the homes and had the funds wired to bank accounts they controlled.  A couple…

How the White House is bracing for potential charges against Hunter Biden

President Joe Biden and his son Hunter Biden. AP Photo/Manuel Balce Ceneta President Joe Biden has stood by his son Hunter as he reportedly awaits possible criminal charges. But the White House faces a complicated communications challenge if federal agents move forward. One expert said the “best thing politically” for the president would be for…

Elon Musk’s SpaceX says it can’t continue to pay for Starlink in Ukraine and asks Pentagon to foot the bill, a report says

SpaceX CEO Elon Musk. Reuters SpaceX told the Pentagon it couldn’t fund Starlink in Ukraine and asked it to foot the bill, per CNN.  SpaceX said costs could reach nearly $400 million over the next year, per a letter seen by CNN. Elon Musk tweeted on Friday that Starlink was still losing money. Elon Musk’s…