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Personal Finance Daily: Fannie Mae chief economist says the U.S. housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021


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The good news: Americans’ financial security soared last year. The bad news: That may be due to this lucrative, but temporary tax break

The share of Americans who said they were able to cover $400 in emergency expenses, using cash or its equivalents, reached a 9-year-high. Read More

Good news for home buyers? Fannie Mae chief economist says the U.S. housing market has finally turned a corner. Here’s why.

’A sharper downturn in residential investment is now underway,’ said Doug Duncan, chief economist at Fannie Mae. Read More

New laws blocking surprise medical bills are already preventing unexpected bills — here’s how many so far

The ‘No Surprises Act’ took effect on Jan. 1. Read More

The red-hot U.S. housing market ‘offers hope’ for buyers and sellers, according to this real-estate economist

The rise in house prices has caused heartache for millions of first-time buyers who yearn to get a foot on the property ladder. Read More

‘Don’t work for the climate wreckers’: U.N.’s António Guterres to 2022 graduates

Graduating classes of 2022 must be the generation that succeeds in addressing the climate change emergency, the U.N.’s António Guterres said Tuesday. Read More

The 10 best cars for new college grads

These cars are all under $30,000, get terrific fuel economy and have impressive reliability records. Read More

How hotels and Airbnbs are tapping into the electric vehicle trend

Airbnb, Hilton and others are now promoting a fresh amenity in online search filters Read More

The share of adults who say they would be able to cover a $400 emergency expense reaches 9-year high

Americans’ self-reported financial well-being hit a nine-year high before inflation and omicron took off, an annual Federal Reserve Board report shows Read More

‘This exorbitant wealth was not earned, it was swindled’: Florida trio sentenced to 18 years in prison for $200 million baby formula export scam

The defendants bought formula at a discount to ship to South America but then sold it at full price in the U.S. for huge profits. Read More

‘Inequality has been rising for quite some time, but the pandemic super-charged it’

Nearly 600 people have become billionaires in the past two years as inequality has worsened, according to a new Oxfam report. Read More

Market Snapshot: Dow ends with slight gain, as Nasdaq drops sharply in tech rout after Snap’s earnings warning

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