President Joe Biden has extended the government's lifelines that have helped homeowners keep their homes during the COVID financial crisis. Many mortgage holders have been only too eager to put their payments on hold, as allowed under the relief law...
Only 6.3 per cent of all rated Chinese developers can comply with the central bank’s red line limits on debt, according to S&P’s analysis Seven developers, or more than 20 per cent of those listed on the Shenzhen, Shanghai or...
The stock market may have recovered from the first shocks of the pandemic, but Americans’ retirement savings might not be as lucky. A majority of Americans — 60% — withdrew or borrowed money from qualified retirement plans since COVID-19 first...
The Hazards of Asset Allocation in a Late-stage Major Bubble The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe...
There will be "bumpy moments" for UK businesses and travellers as they get to grips with new EU rules, says government minister Michael Gove. He said there would be "practical and procedural changes" when the Brexit transition period ends on...
After months and months of delay, Congress has passed a $900 billion stimulus package that promises to accelerate vaccine distribution and deliver much-needed aid to small businesses and Americans who have been struggling to get by. What's happening: The White...
Popular trading platform exposed investors to ‘unnecessary trading risks,’ complaint says Massachusetts securities regulators filed a complaint Wednesday against the wildly popular trading platform operated by Robinhood Financial LLC, alleging the company aggressively marketed to inexperienced investors and failed to...
U.S. consumers took out more auto and student loans in October, but cut back on credit card borrowing, a sign that they remain cautious about spending amid a spike in virus cases. The Federal Reserve said Monday that consumer borrowing...
The feasibility of President-elect Joe Biden’s bold plan for sweeping tax increases on the wealthy has been vastly diminished in the absence of big Democratic wins in the U.S. House of Representatives and Senate. But don’t count out tax changes...
Fannie and Freddie’s regulator is reportedly considering an attempt to end government control over the mortgage giants before Joe Biden enters the White House Fannie Mae and Freddie Mac have been kept in conservatorship limbo for over a decade now....
The latest unemployment claims data rose again unexpectedly, with 742,000 Americans filing initial claims last week as coronavirus cases and deaths spiked around the country. The numbers were above what labor market observers expected and continuing claims also came in...
An out-of-work travel agent whose mortgage payments were deferred now worries about losing her house. A couple can’t pay myriad bills after the $600 unemployment bonus ran out. An idled maintenance supervisor has fallen further behind on rent. USA TODAY...
Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage and rent payments. More than 6 million households failed to make their rent or mortgage...
And that means they're missing out on a key opportunity to end up with more money for their senior years. Social Security won't cover all of your bills in retirement. You can expect those benefits to replace about 40% of...
Kyle and Sara Sutton have been “looking aggressively” for a three- or four-bedroom, two-bath home in Grand Rapids, Mich. since April. Though they’ve made offers on five houses so far — even one without those much-coveted two bathrooms — they’ve...
