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Is it a buyer’s market? How increasing interest rates impact the Austin housing market

AUSTIN (KXAN) – The Federal Reserve raised interest rates Wednesday in an effort to fight inflation. As analysts expected, the rates increased by another three-quarter point rate hike—its third in a row. Mortgage rates were above 6% in anticipation of the rate increase. However, local realtors are saying it is the time to buy—even though …

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The ‘I Will Teach You to Be Rich Journal’ Helped Me Save $100 a Month

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. “I Will Teach You To Be Rich” author Ramit Sethi just released a …

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Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and …

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The Picture Show: NPR

A home is submerged in floodwaters caused by Hurricane Fiona in Cayey, Puerto Rico, on Sunday. Stephanie Rojas/AP hide caption toggle caption Stephanie Rojas/AP A home is submerged in floodwaters caused by Hurricane Fiona in Cayey, Puerto Rico, on Sunday. Stephanie Rojas/AP Hurricane Fiona made landfall in the Dominican Republic on Monday morning, as millions …

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The Free Market Doesn’t Guarantee Freedom for Everyone

Does the free market ensure freedom? There’s a common perception that it does — that if, for example, a business discriminates against people of a certain race or sexual orientation, it will bring punishment upon itself in the form of higher expenses and fewer customers. Competitors will profit by meeting the unsatisfied demand. Unfortunately, the …

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Seniors are the only age group seeing rise in poverty. Here’s why.

Seniors are the only age group seeing rise in poverty. Here’s why. For You News Sports Entertainment Life Money Tech Travel Opinion A million more seniors fell into poverty last year. It was the only age group that saw a rise. It’s likely to get worse as inflation soars at the fastest pace in 40 …

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Can the Fed tame inflation without further crushing the stock market? What’s next for investors.

The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and volatility because policy makers aren’t going to be cowed by a deepening selloff, investors and strategists said. “I …

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Biden says deal averting rail worker strike avoided ‘real economic crisis’

Labor Secretary Marty Walsh discusses the tentative deal to avoid rail strike amid economic challenges in the US President Biden said the deal between rail companies and union negotiators struck early Thursday morning averted a “real economic crisis.” The deal between the two sides came just before a Friday morning deadline to avoid a freight …

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4 non-investment questions to ask an adviser before retiring | Personal Finance

A successful retirement isn’t always about the tangibles. For many, it’s a time to realize dreams of travel and other experiences, but spending too frugally can get in the way. “Often clients are overly conservative for fear of running out of money, but in the process they shortchange the retirement experience,” says Kevin Lum, a …

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