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Why a housing market ‘thaw’ never came in 2024
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason is largely tied to mortgage rates’ bumpy path this year alongside low supply and record home prices. In January, the average 30-year fixed mortgage rate was hovering around 6.6%, according to Freddie Mac.…
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Fulton Financial’s (NASDAQ:FULT) Dividend Will Be Increased To $0.18
Fulton Financial Corporation (NASDAQ:FULT) has announced that it will be increasing its periodic dividend on the 15th of January to $0.18, which will be 5.9% higher than last year’s comparable payment amount of $0.17. The payment will take the dividend yield to 3.5%, which is in line with the average for the industry. See…
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4 key money moves to set yourself up for success in 2025
With 2025 right around the corner, Steward Partners Global Advisory partner and managing director Jason Bottenfield joins Brad Smith to outline his 4 tips for investors ahead of the new year. First, Bottenfield says the end of the year is a great time to revisit your portfolio allocation and make sure it is still…
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Let your money work for you: Easy strategies to grow wealth
While it takes time to build wealth, the path to accumulating it doesn’t have to be complex. In this week’s episode of Money Glow Up, host Tiffany Aliche is joined by Ashley M. Fox, the founder and CEO of the fintech startup Empify, for an insightful conversation on building wealth and creating financial security.…
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Chemung Financial assumed with a Neutral at Piper Sandler
https://www.tipranks.com/news/the-fly/chemung-financial-assumed-with-a-neutral-at-piper-sandler Piper Sandler assumed coverage of Chemung Financial (CHMG) with a Neutral rating and $57 price target The firm assumed four regional banks largely based in Upstate New York, with Financial Institutions (FISI) its favored name. The bank has tended to trade at a discount to its peer group on a forward price-to-earnings basis…
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Savings interest rates today, December 21, 2024 (best account provides 4.75% APY)
Today’s savings account interest rates are some of the highest we’ve seen in more than a decade due to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate three times in late 2024, which means savings interest rates are falling. So it’s important to be sure you’re getting…
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The Dow’s losing streak showed its big weakness: Chart of the Week
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: With its 0.04% gain Thursday, the Dow finally broke its 10-day losing streak, the worst since the 70s. This week’s performance was yet another reminder of why the historically important index is…
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Got $1,000? 3 Smart ETFs to Buy Before 2025 Begins.
The stock market has been on a tear over the past couple of years. The S&P 500 is on track to deliver back-to-back years of more than 20% gains, while the tech-heavy Nasdaq-100 index has nearly doubled since the start of 2023. While the market could pull back at some point in the next year,…
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World Bank Approves $700 Million Boost for Ethiopia’s Financial Sector
WASHINGTON, December 19, 2024 – Ethiopia’s financial system is set to receive a transformative boost following the World Bank’s approval of a $700 million credit for the Financial Sector Strengthening Project (FSSP). This ambitious initiative, funded through the International Development Association (IDA), aims to fortify the stability and resilience of Ethiopia’s financial sector, laying the…
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Wisconsin’s annual financial report records $4.5 billion budget surplus
Gov. Tony Evers announced Friday that Wisconsin’s Annual Comprehensive Financial Report, which is published by the Department of Administration, recorded a $4.5 billion positive balance in the state’s general fund at the end of the 2023-24 fiscal year. In addition to the general fund, the state’s Budget Stabilization Fund — or “rainy day” fund —…
