Pros and cons of a cash-out mortgage refinance

Desy Papper

Like any financial move, doing a cash-out refinance has its pros and cons. Here’s what you need to know before getting started. (iStock)

If you’ve been following the news lately, you know that mortgage rates are at historic lows amid the coronavirus pandemic. Typically, when mortgage interest rates are low, borrowers refinance in order to lower their monthly payments. However, with a cash-out mortgage refinance it’s also possible to use the equity that you’ve built up in your home to cover a big expense.

You can visit an online marketplace like Credible to view current refinance rates and

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Etsy and 6 Other Stocks That Should Be Retail Winners This Year

Desy Papper

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Customers have gotten more used to shopping on Etsy during the pandemic, an analyst says.


Andrew Harrer/Bloomberg

The Covid-19 pandemic is still a very real threat, but many investors—and Americans in general—are looking forward toward a return to some sense of normalcy. However, for retailers, the pre-pandemic world may be gone forever, says KeyBanc Capital Markets.

Analyst Edward Yruma writes that “2021 will likely be a transition year,” given the huge surge in e-commerce growth. “However, we underscore that while secular trends accelerated, they largely behaved as expected.” That kind of predictability is at least one source of

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Pandemic ‘scars’ will not heal quickly, European suppliers say

Desy Papper

Automotive production is expected  to rebound in 2021, but the 2020 pandemic year has left deep “scars” on European partsmakers, industry group CLEPA said.

The economic disruption from coronavirus was a factor in the loss of 50,000 total jobs from Tier 1 suppliers, a continuing shortage of semiconductors and cuts in R&D spending, group president Thorsten Muschal said Friday in a news release.

“COVID-19 has hit the automotive supply industry particularly hard,” he said, “and the impact of the crisis will remain a major factor in the new year.” 

Another potential issue that could hobble production, in addition to

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GameStop leaps another 6% as retail investors push harder against short-sellers

Desy Papper


  • GameStop gained as much as 6% in early Friday trading as retail investors piled more cash into the high-flying stock.
  • Citron Research partner Andrew Left highlighted five reasons why the stock is crashing to $20 on Thursday, but his video has only emboldened online traders to boost their bets.
  • Buying by casual investors has more than doubled GameStop shares this month. Still, technical indicators suggest the rally is losing steam.
  • Watch GameStop trade live here.

GameStop jumped as much as 6% in early Friday trading as investors looking to thwart short-sellers piled further into the

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Tech Leads Stocks Lower in Early Trading on Wall Street | Business News

Desy Papper

NEW YORK (AP) — Tech companies are leading stocks lower in the early going on Wall Street, including a steep drop in IBM after the company reported disappointing revenue in the latest quarter. The S&P 500 gave up 0.4% in the first few minutes of trading Friday, on pace to end a mostly strong week on a sour note. IBM pulled back 10%. Overseas markets were also lower. European stocks fell following a weak reading on that region’s economy, and Asian markets fell after a resurgence of coronavirus infections in China. Crude oil prices fell about 2% and Treasury yields

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