Business News

Mr. Market Has a Hangover

Stocks are sharply lower, after the Fed opted not to raise interest rates.  The decision sent stocks on a wild ride, with the S&P 500 closing lower and the Nasdaq finishing higher. A dovish after meeting statement cited global economic and market volatility concerns. There could be some extra volatility at the close today, with quadruple witching and the expiration of option and future contracts. (CNBC)

Student debt in the U.S. is not holding back most young professionals from buying a home. This contradicts warnings that soaring education loan levels are hurting the housing market. The report, which draws on 2013 data tracking thousands of households since the late 1960s, found that having more student debt had only a slight negative impact on homeownership for people who get their degrees.  (WSJ)

Just when you thought was safe to go back in the Mediterranean we are having a Greek election.  Eight months after being elected to office on an anti-austerity pledge and then going back on the promise, Greece's populist Prime Minister seeks a new mandate from voters Sunday. (USA Today)

Join us Saturday at 7 a.m. for Financial Focus Radio when we will talk about low interest rates and your savings.

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Dan Bongino
Dan Bongino
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