1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to Paycheck
SAN FRANCISCO, June 1, 2022 /PRNewswire/ — LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, today released findings from...
Job Openings Plunge By Most Since Covid Crash But Remain Stubbornly Elevated With Quits Near Record High
After recent reports that the US labor market had suddenly hit a brick wall, with mass layoffs surging… … and job openings according to third-party...
ADP Employment Data Signals Weakest Labor Market Since COVID Collapse
With various sentiment measures of employment sagging notably, and ISM Manufacturing employment dropping into contraction, it was perhaps surprising that analysts expected ADP to show...
Simply Unaffordable! Real Home Price Growth At 12% YoY, Real Wage Growth At -1.864% (Inflation Making Americans Suffer As Mortgage Rates Rise FAST) – Confounded Interest – Anthony B. Sanders
Simply unaffordable! President Biden met with Federal Reserve Chairman Powell to discuss how to control the inflation that is crushing the middle class and low-wage...
Investor fears set the table for an ‘echo bubble’ down the road
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET....
ECB’s Villeroy Says Inflation Is Too Strong and Too Broad
(Bloomberg) — The European Central Bank must pare back stimulus as inflation is too strong and too broad, Governing Council member Francois Villeroy de Galhau...
Russia Fails to Meet Bond Obligations, Triggering Swaps Payout
(Bloomberg) — Russia was judged to have breached the terms on a bond after missing a $1.9 million interest payment and triggering an insurance payout...
China Raises Pressure on Banks to Help Struggling Developers
(Bloomberg) — Chinese banks are facing growing pressure to support cash-strapped developers after months of pleas by regulators failed to boost lending to the industry....
Bear market rallies are the new norm ‘for now,’ top strategist says
The new norm for the stock market after a wild May, according to top strategist Liz Ann Sonders at Charles Schwab, may bear market rallies:...
Looming Price Hikes on Food Set to Hit Americans This Fall
In its effort to contain inflation, the Federal Reserve has begun what many expect to be a series of interest rate boosts, which are already...