World Financial News: Sadly, Apple founder Steve Jobs died today at age 56 due to pancreatic cancer. Jobs died a visionary, a hero and a legend whose innovative products changed an industry forever and made tech cool. At his death, Apple had more money than the U.S. government and is the leading tech company in the world (source: CNNMoney.com).
Personal Finance News: Learn why a Google employee who makes $450,000 a year with $400,000 in savings still might not be your first choice as a tenant for one of your rental properties. Yes folks, being overqualified as a renter can actually hurt your chances sometimes. (source: FinancialSamurai.com).
Daily Finance Summary: The U.S. stock markets ended mostly positive today, even while the Occupy Wall Street movement grows. European banks continued to seek rescue from European governments, which lifted stocks despite no real resolution being met. It seems like another bailout must occur whether the Germans like it or not. Bank of America CEO Brian Moynihan made his company look even worse today when he defended the bank’s new $5 debit fee charge while people are still reeling from an announcement of 30,000 planned layoffs.
Stocks, Metals and Mortgage Rates:
Dow Jones: 10,940 (+131) you earned +1.21%
S&P 500: 1,144 (+20) you earned +1.79%
Gold: $1,646 (+0.25%) you earned $4
Silver: $30.36 (+0.0099%) you earned $0.03
30-Year Fixed Mortgage Rates: 3.95% (+0.03)
15-Year Fixed Mortgage Rates: 3.42% (+0.02)