Emerging markets hit by worst sell-off in decades

Emerging market bonds are suffering their worst losses in nearly three decades, hit by rising global interest rates, slowing growth and the war in Ukraine. The benchmark index of dollar-denominated emerging market government bonds, the JPMorgan EMBI Global Diversified, has posted total returns of around minus 15 percent so far in 2022, its worst start … Read more

Look Inside Renovated 109-Year-Old North Carolina Mansion

When Abby Brothers first saw the Page Mansion for sale online, she knew she had found a forever home. But the 6,000-square-foot home in Aberdeen, North Carolina, was not yet habitable. The six-bedroom mansion—which had been vacant for about 40 years—had broken windows and collapsed floors. Not those who shy away from a project, Abby, … Read more

Optimism galore: bear market bounce or buy bottom?

asbe/iStock via Getty Images What happened? The better question is what didn’t happen! Just a few weeks ago, the prevailing view was that the Fed was lagging far behind. Powell had to raise interest rates significantly to quell raging inflation like none seen in 40 years. Some are even calling for a 100 basis point … Read more

7 surefire investments you’ll thank yourself for later | Smart Change: Personal Finance

(Selena Maranjian) The Cambridge Dictionary defines “investment” as “the act of putting money, effort, time, etc. into something to make a profit or gain an advantage, or the money, effort, time, etc. to do this.” This seems like a better definition than those referring only to money, as there are certainly other types of investments. … Read more

Elon Musk welcomes global recession: ‘It’s been raining money on fools for too long’ | Andrew Lawrence

WWith the invasion of Ukraine and lockdowns in China putting additional pressure on a supply chain yet to recover from the ongoing pandemic, many are predicting a global recession. Elon Musk says bring it on. “This is actually a good thing,” Musk said in reply to a question from a Twitter user. “It’s been raining … Read more

Your Memorial Day BBQ is going to cost you a lot more this year

Sticker shock is everywhere, from burgers to sandwiches, from ketchup to mustard. The good news is that there is some now price reduction in stores. In the four weeks through May 15, the price per package of ground beef rose 14.7% compared to the previous year, according to market research firm IRI, which surveyed total … Read more

Four ways homebuyers can get a head start on a killer seller’s market

Homebuyers on the hunt this summer may find the process more expensive, competitive and frustrating than ever. Faced with higher mortgage rates and a market with too many people competing for too few homes for sale, buyers tired of being outbid are looking for strategies to stand out.