European credit markets are testing the waters for sales of risky debt after the collapse of Silicon Valley Bank [RIC:RIC:SIVBV.UL] and the rescue merger between Credit Suisse (CSGN.S) and UBS (UBSG.S) sparked contagion fears across the financial system. On […]
MCCAMEY, Texas, March 23 (Reuters) – Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the rise in the miners’ […]
U.S. companies from truck maker Oshkosh Corp. to consumer-goods conglomerate Newell Brands Inc. are moving away from “last-in, first-out” accounting, or LIFO, for their inventory, as inflation continues to pressure businesses’ earnings. Elevated inflation has weighed on companies’ earnings over […]
The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels. Jobless claims in the U.S. for the […]
U.S. regulators made mistakes in failing to prevent the collapse of Silicon Valley Bank and other financial institutions, according to lawmakers in the European Union who believe this is also a moment for some self-assessment in Europe. […]
What goes up must come down. After nearly two years of explosive growth in the housing sector, economists and real estate experts said sales could take a major dip in 2023. But so far, that […]
The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans […]
The Federal Reserve‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures […]
Mortgage prepayment broke a four-month streak of record lows in February, with relief likely to extend as the spring home buying season takes hold, Black Knight’s mortgage performance data showed. “Prepayment activity ticking up slightly […]
Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates, following the turbulence in the financial markets caused by regional bank failures. But the same bank crisis is bringing […]
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