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Renting out a home is a popular form of passive income because it doesn’t require a lot of time or energy and offers various tax breaks. But it can be risky when interest rates move higher.

See: The Ultrarich Plan to Conserve Their Wealth in 2023 — What’s the Strategy?Prepare: 3 Things You Must Do When Your Savings Reach $50,000Explore: Inflation Above 2% Means Overall Cost of Buying Home or Car Won’t Drop

Many landlords rely on debt to fund their home purchases, the Wall Street Journal reported. That’s especially true at the sta…….

Fast-forward to today, and the Fed’s ongoing inflation fight has once again spurred a mortgage rate shock. This spike in mortgage rates, which are up from 3.22% to 6.48% over the past 12 months, has pushed the U.S. housing market into a full-blown housing correction.

On one hand, 6% mortgage rates are hardly historically abnormal. On the other hand, that 3.22-percentage-point jump in mortgage rates over the past year has delivered an affordability shock that’s similar to the one dealt in 1981 when mortgage rates climbed 4.9 percentage points to 18%.

See, it’…….

Introduction: Barratt warns of ‘marked slowdown’ in housing market

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The UK housing market has seen a “marked slowdown” in the last six months, according to housebuilder Barratt this morning.

The UK’s largest housebuilder has told the City that demand in the first half of 2023 is likely to be hit by rising mortgage rates and the cost of living squeeze, which will “undoubtedly impact t…….

Shares of ITC Ltd.
500875,
-0.49%
inched down 0.49% to 331.75 Indian rupees Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P BSE Sensex Index
1,
-0.02%
falling 0.02% to 60,105.50.

ITC Ltd. closed 30.15 rupees short of its 52-week high (361.90 rupees), which the company achieved on November 11.

Trading volume (258,345) remained 128,378 below its 50-day average volume of 386,723.

Editor’s Note: This story was auto-generated by Aut…….

Stocks advanced Tuesday as investors continued building on the new year’s early rally while waiting for economic data and corporate earnings coming later in the week.

The Dow Jones Industrial Average gained 186.45 points, or 0.56%, to end at 33,704.10. The S&P 500 traded up 0.70%, to close at 3,919.25 points.

The Nasdaq Composite led the major indexes for another day, adding 1.01% to end the session at 10,742.63. The average has rallied for the past three sessions as optimism over cooling inflation pushed investors to beaten-up technology stocks. It was the index’s first thr…….

Concerns about Bitcoin trading are true as it looks like the traders are at risk with price fluctuations

The cryptocurrency world is full of uncertainty. Not even one expert can accurately predict which coin will hedge and which will not. Concerns about bitcoin trading, are not new as the coin holds more popularity than others. Currently, traders are rejoicing regarding the worth of Bitcoin is holding. Bitcoin value generally perceives for its gains. Last year in December 2023, after two successive week-long stays it gained $18,000. Despite the lack of strength, traders f…….

Jan 10 (Reuters) – Coinbase Global Inc (COIN.O) said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year.

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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Reduce exposure to tech Watch for health care buying opportunity Eyeing an industrial play 1. Reduce exposure to tech Stocks inched up on Tuesday, with the Nasdaq Composite rising 0.22% in midmorning trading. The tech-heavy index has been on the upswing since Friday’s robust rally, which provides a chance to lighten up on stocks like Microsoft (MSFT) — a move we made on Monday . The tech sector continues to be overvalued in a market that doe…….

We’re thrilled to announce that Andreessen Horowitz is leading the seed investment in Seidr AB who are building the next generation of midcore cross-play games. Based in Stockholm, a hotbed of games innovation, Seidr’s founding team are Adam Schaub and Marcus Jacobs. This duo has more than 40 years of games experience combined as senior leaders at some of the world’s top gaming companies.

In getting to know them, we were impressed by Adam and Marcus’ deep experience building out high performing game teams and scaling games businesse…….

You’ve got big financial plans for 2023. Maybe they include buying a home or car, or getting a new travel rewards credit card to help pay for your next trip. There’s a key piece of these plans you may not have considered: building your credit score. 

A better credit score can expand your access to credit and make borrowing more affordable. For example, having a score of 700 versus 650 could mean getting approved for a new car loan at 4.9% interest instead of 7.25% interest.

So what can you do to get your score in shape? Here are a few ways experts suggest boosting…….