Month: October 2022

Stock pickers are still positioned for a Fed ‘soft landing,’ mutual fund holdings show

Investing
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples,
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SEC adopts rules aimed at boosting transparency of fees and performance in mutual funds, ETFs

Personal finance
PeopleImages Federal regulators on Wednesday adopted rule changes intended to make it easier for consumers to understand what they’re invested in and how much it’s costing them. Under amendments approved by the Securities and Exchange Commission, investment company ads will need to promote “transparent and balanced presentations” of fees and expenses. Additionally, shareholder reports from
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Homebuyers are making the biggest down payments in these 5 metros. Here’s how much you actually need for a house

Real Estate
nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments.  Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from
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Facebook parent Meta reports third-quarter earnings after the bell Wednesday

Earnings
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta reports third-quarter earnings on Wednesday after the bell. Here’s what analysts are expecting: Earnings: $1.89 per share, according to Refinitiv Revenue: $27.38 billion, according
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New York City helps kick off ‘wave of pay transparency legislation’ as workers demand full salary disclosure

Personal finance
Soon more job descriptions will include salary ranges. New York City’s Wage Transparency Law goes into effect on Nov. 1, making it mandatory for employers to share the salary or hourly wage in postings. A growing number of states, including California, Connecticut, Colorado, Maryland, Nevada, Rhode Island and Washington are rolling out their own pay
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Here are tips for buying a home in a cooling market, according to top-ranked financial advisors

Real Estate
Leopatrizi | E+ | Getty Images Becoming a homeowner can be challenging enough under good circumstances. Add in higher mortgage rates, elevated home prices and unrelenting high inflation — i.e., the current home-buying environment — and it may feel decidedly unattainable. The average rate on a 30-year fixed-rate mortgage has been trending above 7% for
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Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more

Finance
In this article LOG.N-CH LOGI UPST STEM HIBB Follow your favorite stocksCREATE FREE ACCOUNT Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Logitech — The computer peripherals maker jumped 11% after Logitech reiterated its full-year guidance, which was lowered in July. Logitech has struggled with weaker demand
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