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,...
When you’re planning for taxes, it’s helpful to know both your marginal tax rate and your effective tax rate. Marginal tax rate is the percentage you pay in taxes on the last dollar you earn, while effective tax rate is...
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 mood was practically giddy when the heads of two regional banks hosted a town hall in the spring of 2021. The industry’s long drought in mergers was ending, and two lenders below the public’s radar, New York Community Bancorp...
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...
Tech ETFs saw massive inflows of over $17 billion last year, according to VettaFi. However, Financial Futurist Dave Nadig, says many are “overdone” in mega-caps like Nvidia (NVDA) and Meta (META) which drive gains. He warns of “concentration risks,” noting...
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...
There’s no better time than at the start of a new year to clean up your finances and boost your net worth. When it comes to managing money, nobody’s perfect. Many succumb to lifestyle creep and spend more than they...
A top question on the minds of investors and consumers alike is when might the Federal Reserve make its first interest rate cut after two years of rapid hikes, which have sent mortgage and credit card rates soaring. But after...
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...
