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Right now, average 30-year mortgage rates are more than 40 basis points higher than they were this time last month. As long as price growth continues to come down, mortgage rates should ease this year. The person with the better score would also pay around $300 less on their monthly mortgage payment. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments.
Persons: They're, they've, it's, myFICO, Fannie Mae Organizations: Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron
CNN —Germany’s lower house of parliament voted to legalize cannabis for limited recreational use among adults on Friday, following a controversial debate about the pros and cons of allowing easier access to the drug. In total, 407 German lawmakers voted in favor of the new regulation; 226 lawmakers voted against and four lawmakers abstained from Friday’s vote. The move makes Germany the third country in Europe – after Malta and Luxembourg – to legalize the drug for recreational use, removing cannabis from the official list of banned substances. The German government said that cannabis would remain illegal for minors and highly restricted for young adults, adding that consuming the drug near schools and playgrounds would be illegal. “Nobody should misunderstand this law: cannabis consumption is being legalized, but that doesn’t mean it isn’t dangerous,” Germany’s health minister said.
Persons: , Karl Lauterbach, ” Lauterbach, , Tino Sorge, GMA Klaus Reinhardt Organizations: CNN, Christian Democratic Union, CDU, German Medical Associations, GMA Locations: Germany, Europe –, Malta, Luxembourg, Netherlands
Meanwhile, the Roundhill Magnificent Seven ETF (MAGS) rose more than 4% and had already seen 280,000 shares traded as of Thursday afternoon, putting in on track to potentially set a new fund record for daily volume. The Roundhill fund has a simple structure that is resonating with some investors eager to buy even more of the Magnificent Seven. MAGS YTD mountain Roundhill's Magnificent Seven ETF tracks major tech stocks. In addition to capitalizing on investor demand for ways to play the megacap tech stocks, the Roundhill ETF is also a case study in fund marketing. So Roundhill pivoted out of "Big Tech" and into the trendier "Magnificent Seven."
Persons: BIGT, Tesla, MAGS, David Mazza, Mazza, Andrew Stewart Organizations: Nvidia, UBS, Nasdaq, Apple, Microsoft, Tesla, Big Tech, Roundhill Investments, Exchange Capital Management Locations: Americas
401(k) withdrawal for a home purchase: Is it a good idea? 401(k) withdrawal rules for buying a homeFirst, you'll need to check with your plan administrator to see if early withdrawals are allowed, and under what circumstances. Tax implications of a 401(k) withdrawal for a home purchaseLet's take a closer look at the penalties and taxes you might incur from a 401(k) home purchase withdrawal. 401(k) loan for buying a houseInstead of withdrawing money from your 401(k), you also have the option to take out a loan. 401(k) withdrawal for a home purchase FAQsIs buying a home considered a hardship for 401(k)?
Persons: you'll, , You'll, doesn't, Roth, you've, Brian Pirri, Pirri, Chase, Homebuyer Grant Organizations: Service, IRS, Roth IRA, Local, Rocket Mortgage Locations: Massachusetts, Chevron
Dividend stocks came under the spotlight after Meta unexpectedly announced a dividend for the first time. BofA has also been bullish on dividend stocks lately, saying investors may flock back to such stocks for income if yields fall this year, in turn driving up this segment of stocks. Wall Street and other pros share their tips on how to pick good dividend stocks and what names will generate sustainable income. In fact, using that strategy mitigates the risk of relying only on dividend income if higher rates affect dividend distributions, according to Stutland. "This combination provides a buffer against future interest rate hikes and offers the possibility of capital appreciation alongside dividend income."
Persons: Meta, BofA, Brian Stutland, Stutland, Goldman, Stocks, It's, — CNBC's Michael Bloom Organizations: CNBC Pro, Morningstar, Walmart, Target, Depot, Verizon, Treasury
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 30-stock Dow fell 0.17%. Palo Alto Networks dipsShares of Palo Alto Networks fell 19% in extended trading, after the cybersecurity company lowered its full-year outlook. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.
Persons: Jerome Powell, Dow, Nikesh Arora, Amazon's Dow, Yemen's Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nvidia, Nasdaq, Palo, Palo Alto Networks, Walgreens, Dow Industrial, Dow Jones Indices Locations: New York City, U.S, Red, Rafah
On the ground in Moscow, Apple products including MacBooks, iPhones and iPads are available in stores, although prices may be higher than they were pre-invasion. Asked about Vision Pro sales in Russia, an Apple spokesperson told CNBC: "As you are aware, Apple Vision Pro is only available at Apple Retail stores in the US." Still, at a retail outlet "re:Store," (pronounced Ree-store) a former official Apple reseller offers Apple products for sale at shops in Moscow. The chain's website features a large photo of a user strapped into an Apple Vision Pro, and the iconic bitten Apple logo with text reading, "Vision Pro: The era of spatial computers has come. Apple Vision Pro is already on sale."
Persons: Kremlin . WASHINGTON —, Tim Cook, Romance768, Sergey Romantsev, Romantsev, Alexei Navalny, We're, CNBC's Steve Kovach Organizations: Apple, CNBC, Vision Pro, Apple Vision, Apple Retail, Vision, Kremlin, Russia, Pro, Meta, Russian Ministry of Industry, Trade, Sputnik, White Locations: Los Angeles , California, U.S, Moscow, London, Ukraine, Russia, United States, Kremlin . WASHINGTON, St . Petersburg, New York, Russian, Patriarshiye, York, Istanbul, American, Washington
Two thirds of US consumers shop at Home Depot, and the brand has similar customer loyalty as Lowe's. The store's typical customer is a white baby boomer who earns over $80K a year and owns her home. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Numerator found that Home Depot's typical shopper is a white woman over 60 years old who owns her home in the suburbs. The typical customer now makes 10 trips to Home Depot and spends about $85 per trip for an annual spend of $856, whereas, in last year's report, they spent $1,052 across 12 trips the year before.
Persons: boomer, , Lowe's Organizations: Service, Depot, Home Depot Locations: North America, Atlanta
Mounting inflation and interest rates have put significant pressure on several sectors — especially real estate. He suggests that investors look to have 10% of their portfolio exposed to "real estate in some form, as a good rule of thumb." "That exposure can come from REITs [real estate investment trusts] or direct ownership, or other real estate investments if you are a large investor. Rick Romano, Head of Global Real Estate Securities at PGIM Real Estate, agrees, saying that REITs offer investors "a unique and fantastic" opportunity to invest across geographies and segments right now. "It's an area that we see some of the best growth rates within the real estate space," he added.
Persons: Kevin Brown, Brown, Rick Romano, PGIM's Romano, Morningstar's Brown Organizations: Morningstar, CNBC Pro, Global Real Estate Securities, Fund Locations: U.S, Canada
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hong Kong ralliesHong Kong stocks rallied on Wednesday, while the wider region traded mixed. U.S. stocks tumbled overnight, dragged lower by a 4.4% drop in Nvidia shares ahead of the chipmaker's earnings report. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.
Persons: Pina, Dow, Noel Quinn, Nikesh Arora, Andrew Amoils Organizations: CNBC, CSI, Nvidia, Nasdaq, HSBC, Palo, Palo Alto Networks, New Locations: Brooklyn, New York, Hong Kong, U.S, Vietnam
CNN —A proposed format change could shake-up the long jump at major track and field competitions, but will the idea take flight? That’s the big question for those involved in athletics right now, notably nine-time Olympic gold medalist Carl Lewis. The new format, which has been put forward by World Athletics chief executive Jon Ridgeon, could see athletes jump from a take-off zone, rather than a take-off board, essentially doing away with foul jumps. “The long jump is the most difficult event in track and field,” Lewis said in a separate post. Judges inspect the take-off board at the 2012 London Olympics.
Persons: Carl Lewis, Jon Ridgeon, ” Ridgeon, , Sawyers, Andrej Isakovic, we’ll, “ You’re, ” Lewis, Lewis, Jazmin Sawyers, Franck Fife, ” Sawyers, you’ve, Ivana Španović, Tim Hutchings, ” Hutchings, ’ ” Organizations: CNN, World Athletics, Getty, ’ ” CNN, Athletics Locations: Budapest, AFP, British, European, Serbian
Under Rule 3.3b (3) of the USGA Rules of Golf, the world No. “Rules are rules,” he added in his post on X, formerly known as Twitter. Spieth’s fellow pro Michael S. Kim labeled the rule “stupid,” even with “many safeguards,” while PGA Tour caddie Kip Henley lamented “another benchmark in the dumbest rule in all of sports.”“Seriously, why even have scorecards on the PGA Tour?” Henley asked in another post. USGA rules do not disqualify players for returning a score higher than their actual score, only those returned that are lower. The PGA Tour, in accordance with USGA guidelines, follows a multi-step process to check the scorecards of fields peaking at 156-strong.
Persons: Jordan Spieth, Spieth, , Hideki Matsuyama, Michael S, Kim, Kip Henley, , ” Henley, , Eddie Pepperell, Dylan Wu, Wu, Jared C, Tilton, Roberto De Vicenzo, Tommy Aaron, Vicenzo, Bob Goalby, Wyndham Clark, Carlota Ciganda, Rory McIlroy’s, we’re, , ” McIlroy, Ryan Kang, Xander Schauffele, ” “ Jordan, , ” Schauffele, It’s, Scottie Scheffler, – caddie, ” Scheffler, Ronald Martinez, Luke Kerr, Dineen, Kerr, Joel Beall, ain’t, “ Spieth, “ It’s, ” Beall Organizations: CNN, Riviera Country Club, USGA, Twitter, , Tour, Royal Liverpool Golf Club, Evian, CNN Sport, ” CNN, PGA, NBC Sports, , PGA Tour Locations: American, California, , Hoylake, England
From major elections to inflation and recession risks, the world right now is highly unpredictable, according to Freddie Lait of Latitude Investment Management. Join CNBC's Karen Tso as she asks the fund manager how investors should navigate this uncertainty. Lait has been a managing partner at Latitude Investment Management since 2016, before which he was a fund manager at firms including Odey Asset Management and Rothschild Private Management. Join CNBC's Karen Tso as she asks the fund manager how investors should navigate this uncertainty. Join CNBC Pro Talks on Wednesday, Feb. 21, at 12 p.m. GMT / 8:00 p.m. SGT / 7 a.m.
Persons: Freddie Lait, Karen Tso, He'll, Lait, Goldman Sachs, Tesla Organizations: Latitude Investment Management, JPMorgan, Sony, BP, Odey Asset Management, Rothschild Private Management, Morningstar Locations: U.S, China
Nvidia shares were down sharply, one day before the leading artificial intelligence chipmaker's pivotal earnings report Wednesday evening. Tuesday's stock decline presents a great entry point for investors who don't own Nvidia, according to Jim Cramer. Investors who have been waiting for an opportunity to own Nvidia are getting one Tuesday, Jim said. Even for investors who have long owned the stock, Nvidia's decline Tuesday was welcome news. That is especially true if Nvidia's results and guidance don't surpass expectations at all.
Persons: Jim Cramer, Nvidia's, Jim, outperformance, it's, Jim Cramer's, Marlena Sloss Organizations: Nvidia, Investors, Nvidia's, Microsoft, Meta, CNBC, Bloomberg, Getty Locations: Santa Clara , California
Rooted in philosophical thought, mimetic desire refers to the notion that people desire the same things that their role models want. In the context of the Vision Pro, that theory could mean consumers may be more likely to purchase the device because celebrities or influencers they admire own it. "If these people are models to you—which they are for many young people—mimetic desire kicks in and you subconsciously want a Vision Pro too." If you have an Apple Vision Pro, some photography tips. After all, the Oculus founder, who did not respond to BI's request for comment, said he believes the Vision Pro will eventually be cheaper for the masses.
Persons: , Jason Levin, Levin, who've, YouTubers Logan Paul, Casey Neistat, Kid Cudi, Robert Scoble, Sam Altman, bB0XTzJ291, Palmer Luckey, Luckey, Apple, would've, It's, Tesla, Elon Musk, Apple didn't Organizations: Service, Business, Vision, Apple Vision, Apple, Pro
Mortgage rates have been trending up this month in response to strong economic data. Most major forecasts expect mortgage rates to go down in 2024, but when they'll actually start dropping depends on the economy. Once the Fed starts lowering the federal funds rate, mortgage rates should start to come down, too. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. This is good news for mortgage rates — as inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.
Persons: they'll, there's, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, ARM Locations: Chevron
I have always had a relatively small family, and my kids will have the same experience. Sadly, my grandmother died when I was just over 10 years old, and our already small family got even smaller. Still, my children are growing up in a similar way I did — they, too, will have a relatively small family circle. I've realized it's OK to have a small family if our love is strongBased on my own experiences having a small family, I've been able to focus on each person and form deeper, more meaningful relationships. AdvertisementFor me, since I have a small family, it has given me more awareness of just how important relationships with people are.
Persons: , I've, wasn't, I'm, haven't, Caroline Chirichella's, Caroline Chirichella, it's Organizations: Service, Hallmark
In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.
Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, , Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
To earn interest on Cash App Savings, you must be at least age 18, have a Cash App personal account, and own a Cash App Card. How Cash App Savings worksYou'll need at least $1 to open Cash App Savings. Cash App Savings FAQsDoes Cash App Savings have interest? Yes, Cash App Savings now pays up to 4.50% APY if you're at least 18 and have a Cash App Card. Money in Cash App Savings is safe if you have a Cash App Card.
Persons: you'll, Cash, There's Organizations: Savings, Cash, FDIC, Wells Fargo Bank, Wells, Milli Bank, First National Bank of, Western Alliance Bank, Western Alliance, Yield, . Western Alliance, BrioDirect, Webster Bank, BrioDirect Savings, Banking, Flagstar Bank Locations: Wells Fargo, First National Bank of Omaha
Beond announced it will give the Apple Vision Pro to select passengers on its flights. AdvertisementAn airline operating only business class services has announced plans to give an Apple Vision Pro to "select passengers" on some of its flights. "Offering the Apple Vision Pro is another step in our vision of delivering a premium travel experience to our customers, from the start to finish of their journey." And Marques Brownlee, the tech-review YouTuber, said using the Vision Pro on a plane was the aspect he was most excited about. AdvertisementSo as it's going up against airlines that offer first-class seats with enormous screens, the Vision Pro is something that could give it an edge.
Persons: Beond, , Tero Taskila, Pete Syme, Marques Brownlee Organizations: Apple, Service, Emirates Locations: Maldives, Dubai
Andrew Bosworth, Meta's CTO, said in a recent Q&A on his Instagram that several issues stood out to him after he tried Apple's new headset. The Vision Pro's main competitor is Meta's own Quest series of VR headsets. The first generation of Vision Pros are selling for $3,500, which dwarfs the Quest 3's $500 price tag. Bosworth, like many other reviewers, was critical of the Vision Pro's hefty weight, saying that before long he'd found it "very uncomfortable to use." Bosworth's analysis of the Vision Pro echoed Zuckerberg's earlier critique.
Persons: , Zuckerberg, Andrew Bosworth, Bosworth, that's, Meta's Organizations: Service, Vision, VR, Business, Apple Vision, Apple
Amazon Business Prime Card OverviewThe Amazon Business Prime Card is ideal for business owners who frequently make Amazon or Whole Foods purchases and already have a Business Prime membership. Amazon Business Prime Card RewardsWelcome OfferNew Amazon Business Prime Card cardholders receive a $125 Amazon Gift Card upon approval, equivalent to the 5% rewards you'd earn from spending $2,500 in eligible Amazon purchases. Amazon Business Prime Card Benefits and FeaturesThe Amazon Business Prime Card includes a number of tools designed to simplify small business management. Amazon Business Prime Card Annual Fee and Other CostsThe Amazon Business Prime Card card doesn't have an annual fee, but you need a personal or business Amazon Prime membership to be approved. When looking at the Amazon Business Prime Card, we considered several criteria including:Rewards — The Amazon Business Prime Card earns 5% back on eligible Amazon Purchases.
Persons: cardholders, Amex, You'll, Finance Insider's, it's Organizations: Business, Amazon, Prime, Amazon Business, Foods, Business Prime American Express, Amazon Business Prime Card, Amazon Business American, Business Prime Card, Web Services, Amazon Business Prime, American, QuickBooks, Business Prime, Finance, Chase, Amazon Prime
Or with Robinhood Gold, you'll get 3% (rollovers and transfers get 3% until April 30). Earn a 3% match on Robinhood IRA contributionsIf you're a Robinhood Gold customer with a Robinhood IRA, you have an opportunity to make these things a little sweeter. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Robinhood does not provide tax advice; please consult with a tax adviser before taking an action that may entail tax consequences. The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
Persons: You'll, you'll, Robinhood, rollovers, Roth Organizations: Robinhood, IRA, Robinhood Securities, LLC, Inc
There are a lot of pros to dating single parents, and I know because I am one. Single parents can be more understanding of situations and most easily roll with the punches because they've seen it all. Many single parents have also done a lot of personal development, like therapy, which I think is a huge bonus to a relationship. If you're not able to confidently tell a date you're a parent, you're probably pursuing the wrong type of relationship. Single parents need to be more flexible with the idea that not everyone will have the same life experience as them.
Persons: Melissa Rogers, She's, , I've, they've, they're, it's Organizations: Service
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