Government shutdown could leave thousands of federally backed mortgages in 'limbo'

Government shutdown could leave thousands of federally backed mortgages in ‘limbo’

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As if home buyers didn’t have enough to worry about. In addition to elevated interest rates and high home prices, Americans applying for government-backed mortgages may face unexpected delays in the event of a partial government shutdown. As the new fiscal year approaches on Oct. 1 with no funding in place as lawmakers have yet …

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What's new on Max in October 2023 -- and what's leaving

What’s new on Max in October 2023 — and what’s leaving

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Max has some fan favorites returning in October, to go along with a solid slate of movies and the debut of its live-sports tier. “The Gilded Age” (Oct. 29), Julian Fellowes’ “Downton Abbey”-esque drama set in 1880s New York high society, returns for its second season, as the upstart Russell family challenges the stuffy establishment. …

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Keep your finances on track for the rest of the year with this 6-step fall money clean-up

Keep your finances on track for the rest of the year with this 6-step fall money clean-up

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If summer is a season of spontaneity and indulgence, then fall offers a counterpoint: It’s a chance to get back on schedule, and back on budget. “Summer, with travel and no school, tends to be a really spendy time. The fall is a nice reset,” says Ashley Feinstein Gerstley, a certified financial planner and author …

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75,000 Kaiser healthcare workers are set to strike in October, accusing management of bad-faith negotiations

75,000 Kaiser healthcare workers are set to strike in October, accusing management of bad-faith negotiations

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More than 75,000 healthcare workers are set to strike for three days in October over what they say are bad-faith negotiations by Kaiser Permanente executives regarding staffing issues, their unions said Friday. The Coalition of Kaiser Permanente Unions issued a 10-day unfair-labor-practice strike notice to Kaiser on Friday, the last day of scheduled bargaining talks before …

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With myriad banks dangling 5% and up offers, here are 10 things to know before buying a CD

With myriad banks dangling 5% and up offers, here are 10 things to know before buying a CD

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Certificates of deposit have a long history of delivering steady, guaranteed returns. Now with rising interest rates and increased competition among banks and credit unions, CDs have become even more lucrative to depositors, with plenty paying APYs of upwards of 5% (see some of the highest CD rates you may get now here). But before …

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Fed holds rates steady, but hints at another hike to come. What might happen to savings and CD rates in 2023? 

Fed holds rates steady, but hints at another hike to come. What might happen to savings and CD rates in 2023? 

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With consumer prices showing signs of overall pressure, one expert says all eyes are now likely on what steps the Federal Reserve may be taking next. Getty Images This week, the Fed elected to maintain the federal funds rate at 5.25%-5.5% after making 11 increases over the past year in order to lower stubbornly high …

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FTX whistleblower was unusual. Most witnesses are too afraid to speak up.

FTX whistleblower was unusual. Most witnesses are too afraid to speak up.

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“ Organizations bear the responsibility to foster an environment of transparency for their whistleblower programs to succeed. ” In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the company’s severe governance and regulatory issues. The flouting of internal control requirements and commingling of client funds …

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Nouriel Roubini says a return to 2% inflation is ‘mission impossible’

Nouriel Roubini says a return to 2% inflation is ‘mission impossible’

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“‘Both on the supply side and the demand side, there are factors implying that 2% (inflation) is, at this point, mission impossible.’ ” — Nouriel Roubini, CEO of Roubini Macro Associates Nouriel Roubini, a high-profile economist and the chief executive officer of Roubini Macro Associates, says the world’s advanced economies, such as the U.S., the U.K. …

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U.S. economy is trending in the Fed’s direction, so expect Powell to tread carefully this week

U.S. economy is trending in the Fed’s direction, so expect Powell to tread carefully this week

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“If things go well the first time, might as well try it again” might be Federal Reserve Chair Jerome Powell’s mantra as he prepares for this week’s policy meeting, economists say. Powell’s speech at the central bank’s annual summit in Jackson Hole, Wyo., last month seemed to satisfy both hawks and doves, with a combination …

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