Ratings agency S&P Global on Tuesday downgraded its outlooks for five regional U.S. banks to due to their commercial real estate (CRE) exposures, in a move likely to reignite investor concerns about the health of the sector. The ratings agency...
The stock market is at odds with what is going on in the economy, top economist David Rosenberg says. The latest market frenzy has shades of July 2007, when stocks were caught in a swift decline just three months later,...
Inflation pressures remained persistent in February, as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) showed prices rose 0.4% over the previous month...
The S&P 500 closed slightly lower on Monday after a choppy trading day as investors took a pause ahead of economic data and Fed Chair Jerome Powell’s congressional testimony. Apple closed down 2.5% following a $2-billion EU antitrust fine for...
Pandemic disruptions may have muddled the measurement of home prices in inflation data. That could complicate the Fed’s course on interest rates. The Federal Reserve may have a housing problem. At the very least, it has a housing riddle. Overall...
The U.S. Federal Reserve will cut the federal funds rate in June, according to a slim majority of economists polled by Reuters, who also said the greater risk was the first rate cut would come later than forecast rather than...
U.S. Treasury yields climbed on Tuesday, with the 10-year yield hitting a 2-1/2-month high, after a reading on inflation came in above estimates, extending market expectations for the timeline of rate cuts from the Federal Reserve until later this year....
A judge in Hong Kong surprises the mainland “Enough is enough,” declared a Hong Kong judge on January 29th of Evergrande, a failing Chinese property behemoth, and its two-year struggle to avoid repaying its creditors. In a landmark ruling, the...
Regional banks have been setting aside more money to deal with future losses on commercial real estate. Some analysts now fear it hasn’t been enough. The stock of commercial real estate lender New York Community Bancorp (NYCB) continued to slide...
China Evergrande Group creditors are set to recover just a fraction of the billions of dollars worth of the builder’s debt they hold, with most of its assets likely hard to access for liquidators. Almost all of Evergrande’s assets are...
A powerful bipartisan duo announced a significant tax deal Tuesday that would combine a temporary expansion of the child tax credit with long-sought provisions for the business world. It’s a deal that faces uncertain prospects of being enacted. But if...
I bond rates surged in 2021 and 2022 as inflation soared, but some investors may now be eyeing the exit as inflation retreats. With variable rates starting to come down, but the fixed rate on the rise, it may make...
The People’s Bank of China injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting the central bank may be ramping up financing for housing and infrastructure projects to support the economy. The outstanding amount of...
The next generation to be retiring has a lot of catching up to do It’s a conundrum of dreams vs. reality. Generation X — born between 1965 and 1980 — say they will need on average $1.1 million in savings...
Inflation is coming down, but not without some twists and turns. Overall inflation eased again in November, as a drop in gasoline prices offset another increase in rent. But an underlying measure that the Federal Reserve watches closely stayed elevated,...
