The Coronavirus, Aid, Relief, and Economic Security (CARES) Act directed lenders holding federally-backed single-family mortgages to suspend borrowers’ payments for up to a maximum of 360 days if they experienced financial hardship due to the coronavirus outbreak. Similar, but shorter (90 days) forbearance was available to owners of multi-family units with federally-backed mortgages. Subsequent legislation,
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Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned. The start-up is set to announce Tuesday that it secured
Speculation vs. Gambling: An Overview Speculation and gambling are two different actions used to increase wealth under conditions of risk or uncertainty. However, these two terms are very different in the world of investing. Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money, whereas speculation
A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images I’ve noted in past commentaries that sovereign nations have the power to regulate and eliminate any competitor to their own currencies. One country took that step on Friday. China’s central bank has just made all cryptocurrency-related activities illegal. The
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal
ChexSystems is a consumer credit reporting agency that tracks activity related to closed checking, savings, and other deposit accounts at banks and credit unions. If you’ve ever had issues with a deposit account, such as a bounced or returned check, it’s possible that you might have a ChexSystems profile. While your ChexSystems history doesn’t directly
In this article HOOD Zoom In IconArrows pointing outwards Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space. The newly public brokerage is testing “crypto wallets” with select clients next month, the company announced in a blog post Wednesday. The so-called wallet will
NASA astronaut Douglas Hurley rehearses putting on his SpaceX spacesuit in the Astronaut Crew Quarters inside the Neil A. Armstrong Operations and Checkout Building at the Kennedy Space Center ahead of NASA’s SpaceX Demo-2 mission to the International Space Station in Cape Canaveral, Florida, U.S. May 23, 2020. Kim Shiflett | NASA | Reuters SpaceX
The Federal Housing Administration (FHA) is the largest mortgage insurer in the United States, with more than $1.3 trillion in its portfolio. As part of the Office of Housing at the U.S. Department of Housing and Urban Development (HUD), it helps roughly 1.3 million people across the country become homeowners each year. Low down payments
Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Specifically, Powell said that Fed officials should as a general rule be barred from owning
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
The first U.S. dollar (USD) is one of the world’s strongest currencies. It is the official currency of the United States as well as several other countries. Although it has a deep-rooted history in the United States, the dollar as we know it today was first printed in 1914. Printing began a year after the
Omar Marques | LightRocket | Getty Images DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the sources. Entain shares jumped more than 15% in London
Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll in online courses
As cryptocurrency’s transformation from speculative investment to a balanced portfolio stablemate continues to gather pace, governments around the world remain divided on how to regulate the emerging asset class. Below, we break down the current digital currency regulatory landscape by country. Key Takeaways As cryptocurrency has become a more significant factor in the global investment
An artist’s illustration of the Axiom modules attached to the International Space Station. Axiom Space The National Aeronautics and Space Administration plans to retire the International Space Station by the end of this decade, so the U.S. space agency is turning to private companies to build new space stations in orbit – and expects to
Updated: August 25, 2021 As of today, August 25, 2021, the benchmark 30-Year Fixed mortgage rate is 3.04%, FHA 30-Year Fixed is 2.82%, Jumbo 30-Year Fixed is 3.13%; 15-Year Fixed is 2.32%, and 5/1 ARM is 2.17%. These rates are not the teaser rates you may see advertised online and based on our methodology should
An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020. Kevin Mohatt | Reuters Though the markets are off from their highs, analysts believe that several companies still have room to grow. Innovations in point-of-sale technology, acquisitions of buy now, pay later firms, and trend shifts to cloud-computing
President Joe Biden campaigned on an economic platform to shore up the middle class, extend health care, raise taxes on the wealthy, and invest trillions of dollars in green energy infrastructure, among other issues. On March 11, 2021, Biden won his first major economic victory when he signed the American Rescue Plan Act of 2021
The first look at the crew in orbit, from left: Jared Isaacman, Hayley Arceneaux, Chris Sembroski, Sian Proctor. Inspiration4 Inspiration4, which launched with Elon Musk’s SpaceX on Wednesday evening, shared the first photos from day one in orbit and gave an up-close look at the expansive views of Earth from the spacecraft’s “cupola” window. The