Bloomberg

Bloomberg
Displaying 12910 results
30-year fixed mortgage rises to 7.16%, marking 10th straight increase
NEWS INDUSTRY NEWS OCT 26, 2022
30-year fixed mortgage rises to 7.16%, marking 10th straight increase

MBA’s gauge of applications falls again to lowest since 1997 as higher borrowing costs have stifled demand for homes this year.

The Coterie eyes tech's young and wealthy
NEWS INDUSTRY NEWS OCT 25, 2022
The Coterie eyes tech's young and wealthy

The startup, which has about $500 million in assets under management, gives access to Coatue and other venture funds.

Fed prepares to roll out another super-sized rate hike in early November
NEWS INDUSTRY NEWS OCT 25, 2022
Fed prepares to roll out another super-sized rate hike in early November

Policymakers are beginning to lay the groundwork for shifting to smaller moves while leaving the door open to going further if inflation doesn’t abate.

Bond market doesn't see volatility fading away anytime soon
INVESTING FIXED INCOME OCT 24, 2022
Bond market doesn't see volatility fading away anytime soon

While the high volatility can provide buying opportunities, any effort to call a bottom has been thwarted as yields drifted higher.

UBS intrigue pits CEO against a rising star
YOUR PRACTICE FINTECH OCT 24, 2022
UBS intrigue pits CEO against a rising star

While CEO Ralph Hamers pursues his vision of harnessing automated tools and boosting the firm's standing in the US, wealth business head Iqbal Khan and his disciples are concerned about diluting UBS' private banking brand.

IRS boosts 401(k) contribution limit by record amount amid inflation
RETIREMENT RETIREMENT PLANNING OCT 21, 2022
IRS boosts 401(k) contribution limit by record amount amid inflation

The limit on contributions to retirement savings account will rise by $2,000 to a maximum of $22,500 next year, reflecting the change in the consumer price index.

Inflation adjustment boosts IRS standard deduction, lifting take-home pay
RETIREMENT RETIREMENT PLANNING OCT 21, 2022
Inflation adjustment boosts IRS standard deduction, lifting take-home pay

Decades-high inflation prompted an unusually big tweak for 2023, and as a result, employees can expect to see less tax withheld from paychecks as soon as January.

IRS gives more clarity on how to report digital assets
INVESTING ALTERNATIVES OCT 19, 2022
IRS gives more clarity on how to report digital assets

In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.

Benefits may run out faster due to Social Security COLA increase
RETIREMENT RETIREMENT PLANNING OCT 18, 2022
Benefits may run out faster due to Social Security COLA increase

The revenue stream is at risk as the number of retirees grows faster than the number of workers paying taxes.

BofA beats loan-revenue estimates amid rising rates
NEWS WIREHOUSES OCT 17, 2022
BofA beats loan-revenue estimates amid rising rates

Net interest income rose 24% in the third quarter as the bank reaps the benefits of the Fed's interest rate hikes.