The prime rate is the lowest rate at which money can be borrowed from commercial banks by non-banks. It typically tracks with the federal funds rate and is generally about 3% higher than the Federal Reserve's rate.
Opportunity cost can be defined as weighing the sacrifice made against the gain achieved when making tough money, career, and lifestyle decisions. Here's why it's important to you.
Shares of online education provider 2U crater after the company reports second-quarter results far below analysts' forecasts and indicates it expects a significantly wider full-year loss.
The average saver is better off not trying to time the market. Dollar cost averaging is a strategy in which you make investments of the same dollar amount at regular intervals, keeping the emotions out of the process.