Category: Financial News
U.S. Borrowing Breaks Fresh Records, Shifting Focus to Fed
Emily Barrett & Jenny Leonard | Bloomberg | Aug 5th, 2020
Category: Financial News
Treasury announces quarterly refunding of longer-term debt Nominal coupon issuance to climb $132 billion over quarter The U.S. government will push its …
Layoffs: 1.4M more workers likely filed jobless claims as states pull back on reopenings
Paul Davidson | USA TODAY | Aug 5th, 2020
Category: Financial News
A broad measure of layoffs likely continued to hover just below 1.5 million last week, economists say, highlighting a labor market recovery that has lost steam as …
Lower weekly mortgage demand hints at a possible pullback by first-time homebuyers
Diana Olick | CNBC | Jul 29th, 2020
Category: Financial News
Mortgage applications to purchase a home were 2% lower last week than the previous week but a strong 21% higher annually. The average contract interest rate …
32% of U.S. households missed their July housing payments
Alicia Adamczyk | CNBC | Jul 8th, 2020
Category: Financial News
As the economic fallout from the coronavirus pandemic continues, almost one-third of U.S. households, 32%, have not made their full housing payments for July yet, …
IMF warns disconnect in financial markets risks a correction in asset prices
Silvia Amaro | CNBC | Jun 25th, 2020
Category: Financial News
A correction is defined as a 10% or more decline in the price of an asset or index. The IMF estimated earlier this week that the global economy would contract …
