dailymail – Page 6 – Money Lowdown

Investing

Is now the time to invest in luxury assets? Cost of used Rolexes have fallen to two-year lows while polished diamonds have dropped 20% – but experts urge caution against scooping up goods while they’re cheap

November 19, 2023

The pandemic-era luxury boom appears to be coming to an end - with the price of high-end investments like Rolex...

Mortgages

Mortgage-free America! Share of US homes owned outright rises to an all-time high thanks to ageing boomers paying off their record-low deals

November 17, 2023

The number of mortgage-free homes increased by 8M between 2012 to 2022Americans that bought houses decades ago are paying off...

Banking

Wells Fargo axes another 13 branches in a single week as a host of banks shut down vital services – is YOURS on the chopping block?

November 17, 2023

Wells Fargo filed to close 13 branches - five in California and three in FloridaKeyBank, with branches in the Northwest...

Banking

The Bank of Mum and Dad dishes out £98 BILLION in five years… more than a small nation’s income

November 11, 2023

Parents over the age of 50 have given vast sums to help their children with billsPayments have also been put...

Pension

High inflation set to last for DECADES, says Citadel founder – as he claims the US is spending like a ‘drunken sailor’

November 9, 2023

Ken Griffin founded the hedge fund that manages more than $60 billion in assetsHe predicted higher interest rates would become...

Banking

America’s major banks are sitting on $650 BILLION of unrealized losses thanks to crashing bond market which also took down beleaguered Silicon Valley Bank

November 8, 2023

Ratings agency Moody's Analytics estimated US banks have $650B in balance sheet lossesBank of America reported last month it had...

Funds

Do YOU have enough in your 401(K)? Americans with $500,000 in retirement savings now need nearly $100,000 more than they did pre-Covid for the SAME quality of life, economist warns

November 5, 2023

American workers need nearly 20 percent more in their 401(K) to have the same quality of life they would have...

Funds

British pension funds unpatriotically shunning UK companies – with those responsible for investments for MPs’ retirement savings being among worst offenders

November 4, 2023

UK's largest funds are investing as little as 0.3 per cent in British businessesBy Jessica Beard, Deputy Money Editor Published:...

Pension

New York City pension fund managers raked in $1.7 BILLION in fees last year – growing at a faster rate than the pension assets

October 31, 2023

New York City's five pension funds had a combined total value of $253.3BThe 321 pension fund managers made around $1.7B...

Funds

America’s retirement timebomb: Hardship withdrawals from pension funds have TRIPLED in the last five years – as workers grapple with higher living costs

October 26, 2023

With the exception of 2020, hardship withdrawals have incrementally increasedIn 2020 account holders could make penalty-free withdrawals thanks to CARES By...

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archivedailymail

Is now the time to invest in luxury assets? Cost of used Rolexes have fallen to two-year lows while polished diamonds have dropped 20% – but experts urge caution against scooping up goods while they’re cheap

Mortgage-free America! Share of US homes owned outright rises to an all-time high thanks to ageing boomers paying off their record-low deals

Wells Fargo axes another 13 branches in a single week as a host of banks shut down vital services – is YOURS on the chopping block?

The Bank of Mum and Dad dishes out £98 BILLION in five years… more than a small nation’s income

High inflation set to last for DECADES, says Citadel founder – as he claims the US is spending like a ‘drunken sailor’

America’s major banks are sitting on $650 BILLION of unrealized losses thanks to crashing bond market which also took down beleaguered Silicon Valley Bank

Do YOU have enough in your 401(K)? Americans with $500,000 in retirement savings now need nearly $100,000 more than they did pre-Covid for the SAME quality of life, economist warns

British pension funds unpatriotically shunning UK companies – with those responsible for investments for MPs’ retirement savings being among worst offenders

New York City pension fund managers raked in $1.7 BILLION in fees last year – growing at a faster rate than the pension assets

America’s retirement timebomb: Hardship withdrawals from pension funds have TRIPLED in the last five years – as workers grapple with higher living costs

US job openings fall marginally, consumers less upbeat on the labor market By Reuters

Elegance, Empowerment and Polo: The Impactful Legacy of Access Bank UK Polo

UK tourists in Madrid warned ‘don’t spend money’ and ‘stay out of restaurants’

Russian Lawmakers Approve Cryptocurrency Use in International Trade

Navy Federal faces lawsuit, allegations of racial bias in mortgage lending | Credit Union Journal

The 5 economic shocks about to hit the United States

Meta’s pay or consent model in crosshairs for breaching EU tech rules By Reuters

Daily mortgage rates for December 21, 2023: Steady rates

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