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Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their only valuable resource left. That’s when a home equity conversion mortgage comes into play. Most people think of reverse mortgages, as they’re commonly called, as …

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US economy shrank in the first half of 2022, updated GDP confirms

The numbers: The US shrank in the six months of the year, first revised government figures confirm, and painted a picture of economy buffeted by strong headwinds and tailwinds. Gross domestic product, the official scorecard of the economy, fell at a 0.6% annual clip in the second quarter, the Bureau of Economic Analysis said Thursday. …

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Amazon unveils bedside device that watches you sleep

NEW YORK — Soon enough, a bedside Amazon device might know whether you’re sleeping — or not. The e-commerce and tech giant said Wednesday it will start selling a device later this year that can track sleeping patterns without a wristband. The device, called Halo Rise, will use no-contact sensors and artificial intelligence to measure …

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Apple’s rumored production cutback ‘overshadows the underlying story’ of strong iPhone 14 Pro demand

Apple Inc. shares were falling Wednesday after a report indicated that the company was holding off on plans to increase iPhone 14 production orders as it failed to see the burst of demand it once expected, but analysts weren’t sweating such a move. Bloomberg News reported late Tuesday that Apple AAPL, -2.65% told suppliers not …

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Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession

Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index, which tracks fixed-income volatility, soared to 158.12 as of Tuesday, the most recent data available, according to Refinitiv. That’s the highest since 2009, with the exception …

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Jennifer Lawrence Lists Her New York City Loft for $10.5M and who is still eligible for free school lunches — and how can you apply?

Hi, MarketWatchers. Don’t miss these top stories. Jennifer Lawrence Lists Her New York City Loft for $10.5M May the odds be ever in her favor! Jennifer Lawrence recently listed her swanky three-bedroom loft in New York City’s star-studded Tribeca neighborhood for a cool $10.5 million. Read More: Advice from a longtime real-estate agent. “Owners are …

Jennifer Lawrence Lists Her New York City Loft for $10.5M and who is still eligible for free school lunches — and how can you apply? Read More »

First thing Fed breaks with higher rates will be the financial markets, BMO says

The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in …

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US stock futures dip, dollar rises as Italian election results add to uncertainty

US stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.52% were down about 150 points, or 0.5%, around midnight Eastern, …

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Fed will try to avoid ‘deep, deep pain’ for US economy, Bostic says

The Federal Reserve is trying to engineer an economic slowdown to try to bring inflation under control, but will try to avoid a protracted recession, Atlanta Fed President Raphael Bostic said Sunday. “We need a slowdown. There’s no question about that. But I do think that we’re going to do all we can at the …

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