|Filed Under:||Business & Finance / Mortgage & Banking|
|Posts on Regator:||20601|
|Posts / Week:||43.5|
|Archived Since:||April 25, 2008|
``Trump railed against [the NATO members' defense spending] shortfall Thursday, telling the audience in Brussels that it was "not fair to the people and taxpayers of the United States." His words echoed those of President Barack Obama, who just last year accused NATO members of being "complacent" and told them to dig deeper into their wallets. Show More Summary
``To cut to the chase, it is becoming increasingly clear that Americans should be taking reasonable steps to diversify their investments outside the U.S., including holding assets in currencies other than dollars, and where possible to acquire a second passport... Show More Summary
Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday....In...Show More Summary
``Of particular concern for the Fed are recent undershoots on key gauges of inflation that have been lagging the central bank's stated target of 2 percent annualized consumer price growth... With doubts rising over U.S. President Donald...Show More Summary
Romer pioneered research into "endogenous growth," examining how the diffusion of knowledge boosts output. His name often comes up in short lists for the Nobel Prize in economics.... But in recent years, his attacks on the credibility of macroeconomic models irritated many of his peers. Show More Summary
``The European Union will next month demand Britain agree to pay a fixed percentage of the EU's outstanding obligations on the day it leaves the bloc, in defiance of a British rejection of that logic as "preposterous... But the list of what it must pay, and go paying for some years after Brexit, is much longer. Show More Summary
The REBNY Spring 2017 Manhattan Retail Report lists retail rental rates in 14 of Manhattan's 17 high profile shopping corridors have declined. The poshest parts of Bleecker Street between Seventh Avenue and Hudson Street have fared the worst of all the Manhattan markets. Show More Summary
``In addition to possible coordination between the Kremlin and the Trump campaign to influence the 2016 presidential election, investigators are also looking broadly into possible financial crimes [of Jared Kushner] -- but the people familiar with the matter, who were not authorized to speak publicly, did not specify who or what was being examined. ''
The Trump administration has until now said its planned tax cuts would pay for themselves by pushing economic growth to 3 percent a year -- a claim already seen as outlandish by every serious analyst, liberal and conservative alike.Show More Summary
Until recently, Manafort had receded into the background as the uproar over Trump's firing of his national security adviser, Michael Flynn, and then the FBI director, James Comey, began to shake the White House. But the Manafort story--a tale of pro-Russia players, political tradecraft and cunning financial maneuvers--has never gone away. Show More Summary
``With its decision, Moody's essentially recognized that the task of resolving China's debt problems is going to bear more and more heavily on the state and the economy. "The downgrade," the agency explained, "reflects Moody's expectation...Show More Summary
``Foursquare categorized each traveler as either "business" or "leisure" depending on the types of locations they visited. By breaking down the totals for each subgroup, Foursquare found that leisure travel has experienced the largest decline, having fallen nearly 20% in March on a year-over-year basis, while business travel during the same period was essentially flat.''
Minutes from the Federal Reserve's May 2-3 meeting showed that policymakers anticipate a rate hike soon, possibly in the central bank meeting next month. At the same time, by agreeing to shrink the balance sheet gradually over a number...Show More Summary
OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. OPEC's...Show More Summary
There is a direct link between the wealth of those at the top and the capital's housing crisis -- which affects not just those at the bottom but the majority of Londoners who struggle to buy properties, or pay extortionate rents. The...Show More Summary
``Credit conditions are already starting to affect the real economy. Student loan losses are skyrocketing, which stands in the way of household formation and geographic mobility for recent graduates. Losses are also soaring on subprime auto loans, which has put a lid on new car sales. Show More Summary
``Fourteen per cent of respondents to Manulife's survey said they wouldn't be able to withstand any increase in their monthly payments, while 38 per cent of those polled said they could withstand a payment hike of between one and five per cent before having difficulty. Show More Summary
After a double whammy of government intervention and the near-collapse of Home Capital Group Inc., sellers are rushing to list their homes to avoid missing out on the recent price gains. The new dynamic has buyers rethinking purchases...Show More Summary
While Chinese companies' foreign-currency debt is only a fraction of the $9 trillion local bond market, China Inc. is on pace for record dollar bond sales this year after the authorities' crackdown on financial leverage drove up borrowing costs at home. Show More Summary
``That's up 2% since January, and is as high as it's been since February 2002 (or 15 years). Expressed as an index, median household income was 100.9 in April, which is the first time this index has topped 100 since December 2008.'' -- This seems stock market-coupled...