It is one step forward, one step back for the housing market. The mortgage bankers association says this morning applications for home mortgages were up 3.3 percent last week but demand for refinancing dropped for the sixth straight week.
Big U.S. banks passed a round of stress tests conducted by the Fed. Meanwhile, one former Goldman Sachs employee is speaking out on the corporate culture there, which he claims leaves much to be desired.
News out of the U.S. and Europe today could mean more spending at home and more debt problems in Greece. But Josh Brown of Fusion Analytics says neither piece of news will make a huge difference in the markets.
The markets will always have their ups and downs, but Josh Brown of Fusion Analytics thinks the best way to prepare for a long retirement is to keep a little risk in your portfolio, especially as markets are looking up.
Last night, Republican presidential hopeful Mitt Romney said that President Obama would like to turn the U.S. into a social welfare state. But even if he wanted to, how much impact does a president have on the economy anyway?