If you are in the process of refinancing your mortgage, you may end up paying more than you expected. Fannie Mae FNMA, + 1.42% and Freddie Mac FMCC, + 1.67% announced Wednesday night that they will now charge a 0.5% negative market fee on all refinances, including both cash-out and …
Read More »
The thought must have plagued many investors in the pandemic. Why not just get out of the markets and switch into cash? Fund management giant Vanguard Group looked at the investors who did just that, in a recently published study. Now, the Vanguard audience is not exactly that of Robinhood …
Read More »
Cisco Systems Inc. shares CSCO, -10.89% 11.6% were eliminated in trading Thursday morning after the company reported declining fiscal-quarter revenue and posted a downbeat outlook for the current period. The stock is on course for its worst one-day percentage since February 10, 2011, when it dropped 14.2%. “Guidance for the …
Read More »
Economist Joseph Stiglitz famously warned that the only perfect hedge is a Japanese garden. As the UK economy sinks into recession, with 1 million jobs lost and hundreds of thousands of companies at risk of collapse, many investors will be asked to stack in so-called recession-resistant stocks. Russ Mold, investment …
Read More »
Shares of Novavax Inc. NVAX, + 5.66% rally took 2.8% in premier trading Thursday after the biotechnology company said it had concluded a development and supply agreement with South Korea-based SK Group subsidiary SK Bioscience for the antigen component of Novavax’s COVID-19 vaccine candidate, NVX-CoV2373. The companies have also signed …
Read More »