NEW YORK (AP) — When a product is hot, it can look like a surefire bet for an entrepreneur tempted to jump on the trend. A savvy strategy, though, takes into account what to do when the fad goes pfffft. (full story)
DETROIT (AP) — Former Indy Racing League driver Sam Schmidt has done a lot in the 16 years since an accident left him paralyzed from the neck down. He runs a racing team and a foundation. He's raced a sailboat using his chin. But the man who raced in the Indianapolis 500 hasn't been able to drive around his neighborhood — until now. (full story)
WASHINGTON (AP) — Wells Fargo says CEO John Stumpf and the executive who ran the bank's retail banking division will forfeit tens of millions of dollars in pay as the bank tries to stem a scandal over its sales practices. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.