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Monthly Archives: December 2022

Mortgage rates drop after CPI inflation report

A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a …

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Digital Commodities Consumer Protection Act Sam Bankman-Fried FTX fail

Senator Debbie Stabenow (D-MI) speaks at a news conference at the U.S. Capitol in Washington, DC, March 16, 2021. Kevin Dietsch | Pool via Reuters The shocking collapse of cryptocurrency exchange FTX has increased the urgency in Congress to understand what went wrong and pass legislation to try to prevent …

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How to create a financial plan as an unmarried couple

Petri Oeschge | Getty Images  SEATTLE — If you’re living together before marriage or committed long-term without plans to tie the knot, you’ll need to prepare for the future — or you may face challenges later, experts say. There are “rising rates of cohabitation,” with many couples skipping marriage because …

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Here’s the inflation breakdown for November 2022 — in one chart

Shoppers in Troy, Michigan, on Nov. 25, 2022. Matthew Hatcher/Bloomberg via Getty Images Inflation was lower than expected in November amid a broad-based slowdown in consumer prices that have been rising at their fastest rate in decades. The consumer price index, a key inflation barometer, jumped by 7.1% in November …

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Laid off tech workers are being wooed by the federal government

People take selfies in front of the logo of Facebook parent company Meta on November 9, 2022 in Menlo Park, California. Meta will lay off more than 11,000 staff, the company said on Wednesday. Liu Guanguan | China News Service | Getty Images The seemingly breathless pace of layoffs across …

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Nuclear fusion passes major milestone: net energy generation

The National Ignition Facility target chamber at the Lawrence Livermore National Laboratory is where scientists shoot lasers and watch and measure what happens when those lasers collide on a fuel source. Temperatures of 100 million degrees and pressures extreme enough to compress a target up to 100 times the density …

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Hotel prices, airfare decline as travel demand cools

The pool at Turtle Bay Resort on Oahu’s North Shore. Amanda Macias | CNBC Consumer prices for hotels, motels and other lodging dropped nearly 5% in November from October, according to the latest government inflation report, a sign that soaring travel demand has lost some momentum from the summer. Airfares …

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Sam Bankman-Fried ran FTX as fraud ‘from the start,’ SEC charges

Sam Bankman-Fried ran nothing less than a “brazen,” years-long fraud at his bankrupt crypto exchange FTX “from the start,” which allowed him to divert billions of dollars of customer funds into his own hands to grow his sprawling empire, the U.S. Securities and Exchange Commission alleged in charges unveiled on …

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EU works on gas cap and contingency measures for next winter

The EU is nearing a deal over a cap on gas prices. Helder Faria | Moment | Getty Images The European Union is nearing an agreement over a cap on natural gas prices, with Brussels already starting preparations for the next winter as the global energy crisis shows no signs …

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CFTC piles on with new charges against Bankman-Fried

FTX logo on mobile screen with crypto coins are displayed for illustration. Jonathan Raa | Nurphoto | Getty Images Charges continue to mount for disgraced FTX co-founder Sam Bankman-Fried, with the Commodity Futures Trading Commission unveiling new charges Tuesday against the onetime crypto billionaire, alleging that FTX commingled customer funds …

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