February 1, 2023

As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money and colleges used pandemic-era …

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As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money

The Fed’s 25-basis-point move is its eighth consecutive straight interest-rate hike. Read More

Colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt

The money students owe to colleges, which is separate from the $1.7 trillion in government loans, can prevent them from getting their degrees. Read More

Where builders are constructing the most single-family homes — these are the top five markets

Most of the top markets for single-family homes are in the south, according to data by the National Association of Home Builders. Read More

DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M

Since the implosion and bankruptcy filing of FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes. Read More

Florida blimp-company owner sentenced to 5½ years for stealing $8 million in COVID aid

Patrick Walsh claimed he was trying to keep his blimp company afloat, but prosecutors say he used the money to buy high-priced real estate. Read More

Credit-card balances surge — as inflation and interest rates create ‘hardships’ for cash-strapped Americans, TransUnion says

Generation Zers experienced a particularly fast growth in credit-card balances at the end of last year. Read More

U.S. construction spending falls in December

U.S. construction spending fell 0.4% in December, the Commerce Department reported Friday. Read More

I’m 66 and have $47,000 left in my 30-year mortgage. I’ll be 90 when it’s paid off. Should I refinance to a 15-year fixed?

‘My interest rate is 3%, and it’s a 30-year fixed-rate mortgage. I pay $136 a month.’ Read More

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