As Fed raises rates by a quarter point, here’s where financial advisors are telling their clients to invest — and store — their money and colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt

Hi, MarketWatchers. Don’t miss these top stories. As Fed raises rates by a quarter point, here’s where financial advisors are telling their clients to invest — and store — their money The Fed’s 25-basis-point move is its eighth consecutive straight interest-rate hike . Read More Colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt The money students owe to colleges, which is separate from the $1.7 trillion in government loans, can prevent them from getting their degrees. Read MoreWhere builders are building the most single-family homes — these are the top five markets Most of the top markets for single-family homes are in the south, according to data by the National Association of Home Builders. Read More DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M Since the implosion and bankruptcy filing of FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes. Read More Florida blimp-company owner sentenced to 5½ years for stealing $8 million in COVID aid Patrick Walsh claimed he was trying to keep his blimp company afloat, but prosecutors say he used the money to buy high-priced real estate. Read MoreCredit-card balances surge — as inflation and interest rates create ‘hardships’ for cash-strapped Americans, TransUnion says Generation Zers experienced a particularly fast growth in credit-card balances at the end of last year. Read MoreU.S. US construction spending fell 0.4% in December, the Commerce Department reported Friday. Read MoreI’m 66 and have $47,000 left in my 30-year mortgage. I’ll be 90 when it’s paid off. Should I refinance to a 15-year fixed? ‘My interest rate is 3%, and it’s a 30-year fixed-rate mortgage. I pay $136 a month.’ read more