The financial world has been turned upside down by extraordinary events in recent years. First, there were negative interest rates, something that had never happened in 5,000 years of recorded history. Now it’s negative oil prices, a phenomenon that sparked...
In the third week of March, while most of our minds were fixed on surging coronavirus death rates and the apocalyptic scenes in hospital wards, global financial markets came as close to a collapse as they have since September 2008....
With nearly 10 million Americans filing for unemployment in March, April 1 was always going to be a difficult day for US renters. Now we have an idea of just how difficult: Nearly a third of 13.4 million US renters,...
Citi strategists have suggested that the rally is nothing more than an “aftershock” and is not underpinned by volume or any guarantees of an end to the outbreak. Jimmy Conway, head of EMEA equity trading strategy, told CNBC Tuesday that...
The economy is in free fall and businesses are desperate for cash. The good news is that, for the past few weeks, they have been getting at least some of what they need from the banks. Households have been less...
Just before the coronavirus pandemic reached America’s shores, the U.S. saw the lowest number of foreclosure filings in over a decade. But the economic downturn the disease outbreak has since caused could lead many Americans into foreclosure, the regulator of...
The Federal Reserve is temporarily relaxing a rule that imposes additional capital requirements on deposits and Treasury securities held by the biggest U.S. banks. The supplementary leverage ratio, or SLR, requires banks to hold an extra buffer of high-quality capital...
Speed has been the hallmark of this bear market—but a speedy recovery probably isn’t in the works, even after the Dow Jones Industrial Average posted its biggest gain in more than 85 years. The Dow soared 2112.98 points, or 11.37%,...
The Internal Revenue Service has issued guidance filling in many details of the historic delay in this year’s tax-filing and payment deadlines, which have been extended to July 15 from April 15 for many taxpayers due to the coronavirus pandemic....
To keep safe and healthy, please see the CDC website on how to prepare yourself and your families here. The Centers for Disease Control & Prevention
...As homeowners rush to lock in record-low mortgage rates by refinancing, a strange thing is happening: They’re getting higher rates. While the rate on 30-year fixed mortgages hit a 50-year low of 3.29% in the first week in March and...
The benchmark 10-year Treasury yield resumed its historic slide on Monday as investors continued to punish risk assets like stocks in favor of the safety of bonds between an all-out oil price war and contagion fears surrounding the coronavirus. The...
The top U.S. securities regulator has increased its scrutiny of private funds that make higher-risk loans over the last two years, according to a Reuters review of SEC actions and industry and regulatory sources — just as fears of a...
Benchmark Treasury yield dips below 1%; dollar advances ​Some investors doubt Fed rate cut alone can prop up growth Stocks rebounded as investors digested a surprise in the U.S. presidential primary and weighed the potential for more of a concerted...
The idea of cranking out yet another form after filing your income tax return sounds as soul-crushing as, oh, maybe clearing out all those boxes filled with who knows what from the basement. Take time to fill out a new...
