‘I suppose one option would be to keep them as authorized users forever, but someday I won’t be here.’
: The sharp rise in mortgage rates didn’t just hurt homebuyers — banks are now losing money on loans
A surge in rates pushed the housing market into a recession last year, and banks saw a sharp drop in volume. Those losses are now showing up on earnings reports
Market Extra: Goodbye, Eurodollar futures. Here’s why the once- dominant derivatives contract is going away.
Eurodollar futures are ceasing to exist as part of the long, well-telegraphed transition away from derivatives tied to the London interbank offered rate.
The Fed: Fed needs to keep raising interest rates, Waller says
Fed Governor Christopher Waller on Friday said that the central bank needs to continue to raise interest rates.
Key Words: Jamie Dimon discourages use of term ‘credit crunch’ on call with analysts
JPMorgan Chase CEO Dimon said ‘conditions will be a little bit tighter’ for bank credit but that ‘it’s not like a credit crunch.’
TaxWatch: Are you about to file your taxes? Take the MarketWatch Tax Quiz to see if you are prepared
Take the stress out of tax season with the MarketWatch tax quiz.
Economic Report: Consumer sentiment creeps higher, but Americans are more worried about inflation
A survey of consumer sentiment rose slightly in April and rebounded from a four-month low, but Americans showed more anxiety about high inflation.
Retirement Hacks: You may be missing out on benefits you’re entitled to. How to find out.
Get connected with the benefits you need in older age
: SEC’s Gensler slams digital-asset industry for ‘ignoring the law’ as crypto crackdown continues
U.S. financial regulators appear set to tighten the screws further on the digital asset industry.
Fix My Portfolio: ‘It’s time to start locking in’: CDs are hitting peak interest rates and you don’t want to miss your chance.
Before 5%-plus interest rates start to slip away, you’ll want to jump into a longer-term investment.
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