Finance | Penn Today

Homeowners are gaining equity, but it may be going untapped

Susan Wachter of the Wharton School says that taking out a loan or refinancing a mortgage might not make sense with high interest rates, especially if the mortgage was locked in years ago when rates were lower.

Equity markets are headed to new highs, says Wharton’s Jeremy Siegel

On “Closing Bell,” Jeremy Siegel of the Wharton School discusses whether the Federal Reserve is finished with rate hikes.

U.S. accounting watchdog flags ‘unacceptable’ increase in audit deficiencies

Daniel Taylor of the Wharton School says that the Public Company Accounting Oversight Board either needs to increase its enforcement, levy significantly higher penalties, or develop other methods to foster compliance.

Supreme Court strikes down Biden’s plan to forgive student loan debt

Researchers at the Wharton School estimated that the Biden administration’s student loan forgiveness plan would have cost U.S. taxpayers between $300 billion and $980 billion over 10 years.

Behind closed doors in SC, Ramaswamy pushed private services during ‘anti-woke’ crusade

Daniel Garrett of the Wharton School discusses how anti-ESG divestment at the state level has entangled investment decisions and politics.

Insurers pull back as U.S. climate catastrophes intensify

Benjamin Keys of the Wharton School says that insurers across the country are less willing to take risks.

Steeling for a fight at the Energy Department

Research by Daniel Garrett of the Wharton School shows that a Texas law banning business with banks that have ESG policies is driving down competition for borrowing and costing taxpayers millions in extra interest.

Why central banks operate with a pack mentality

Peter Conti-Brown of the Wharton School says that almost all banking innovations and the practice of monetary policy have come from central banks outside the U.S.

History Ph.D. candidate Arielle Alterwaite leans up against a light brown brick building with her arms crossed, smiling at the camera.

Who, What, Why

Who, What, Why: History Ph.D. candidate Arielle Alterwaite looks at Haitian debt

Her work on Haiti’s sovereign debt in the aftermath of the Haitian Revolution holds lessons for what is currently happening there and more broadly for conversations around reparations.

Homeowners inspect the ruined remains of their property after a fire. Rubble, a chimney, and a rusted truck are all that's left.

Q&A

The risky business of homeowners insurance

State Farm, the largest insurer in California, has stopped writing new home insurance policies there, citing “rapidly growing catastrophe exposure.” In a Q&A, Wharton’s Benjamin Keys discusses climate change and its risk to the real estate market.

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