More Subprime Borrowers Are Missing Loan Payments
Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending...
China’s Economic Slowdown Is Rippling All Around the World: WSJ
The country’s crumbling economic growth is being felt everywhere from German factories to Australian tourist spots; Apple and General Electric warn of production problems [ad_2]...
Pensions’ Bad Year Poised to Get Worse
State and local government retirement funds started the year with their worst quarterly returns since the beginning of the pandemic. Things have only gone downhill...
‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market
Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage...
It’s the Worst Bond Market Since 1842. That’s the Good News.
So far in 2022, with inflation raging, bonds have lost 10%—among the worst returns in U.S. history. On Wednesday, the Federal Reserve raised interest rates...
Mortgage Rates Hit 5.27%, Highest Level Since 2009
From January to April, mortgage rates rose at their fastest three-month pace since 1994. Photo: tannen maury/Shutterstock The steady climb in mortgage rates shows no...
‘Buyers of a median-price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’ The 30-year mortgage rate dips slightly to 5.1%
The interest rate on the country’s benchmark mortgage product edged downward for the first time since early March, but that doesn’t mean the housing market...
‘The Fed always screws up’: This forecaster sees inflation peaking and U.S. stocks in a bear market by summer
Keith McCullough, founder and CEO of Hedgeye Risk Management, has been bullish on gold, silver and utilities since the start of the year, when his...
Janet Yellen Faces Challenge to Keep Pressure on Russia, While Addressing Global Consequences
WASHINGTON—How to balance a pressure campaign against Russia with a push to address growing crises like food insecurity will be a central test for Treasury...
Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely
Several million workers who dropped out of the U.S. workforce during the Covid-19 pandemic plan to stay out indefinitely because of persistent illness fears or...