The S&P 500 index plunged 23.6% from its closing high on Jan. 4 through June 16. The damage have been broad — on June 16, 97% of stocks in the benchmark index were down, with more than a third dropping at least 5%.
A cooling housing market Mortgage-loan interest rates have nearly doubled this year. Quentin Fottrell explains the effects on home buyers and talks to industry insiders about how the housing market is likely to change. Frances Yue digs into the the metrics of the crisis for virtual currencies in this week’s edition of her Distributed Ledger column.Inflation and the Federal Reserve On June 15 the Federal Reserve raised the target range for the federal funds rate by 0.75% to a target range of 1.5% to 1.75%, as part of an effort to cool inflation. This was the largest increase in the federal funds rate in three decades.
Andrew Keshner shares three financial moves that can help you during a period of rising interest rates.Inflation and retirement Should high inflation change your retirement plans? Maybe — here are numbers to run now.Pride, politics and money One easy way for companies to celebrate their virtues is by participating in Pride Month.
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