UK household wealth has tanked and it's a sign of what could happen in the US
UK's household wealth fell as much as 26% in some areas due to rising interest rates, with regions like Scotland hit hardest.
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Ford, Bank of America, and Morgan Stanley are among the 120 S&P 500 stocks that have plunged over 20% since the end of July
The benchmark S&P 500 has dropped 10% since its peak three months ago, sliding on investors' fears about higher interest rates.
Read MoreThe Fed should call time on its inflation battle, BlackRock bond guru Rick Rieder says
The central bank has signaled it could hike interest rates again before the end of 2023, in a bid to kill off inflation for good.
Read MoreUS stocks drop as investors weigh shutdown risks and tighter Fed
September's stock sell-off continued Tuesday as Fed hawkishness could mean higher interest rates down the road.
Read MoreStocks are really boring right now
There's not much for equity investors to be excited or scared about right now, with the hype around AI fizzling out and the Fed expected to stop..
Read MoreIt's the hardest time in recent history to get a car loan
Car buyers are facing some of the highest interest rates and car payments in history — at a time that the rate of auto loan rejections is soaring.
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