Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows
Ribbon Home Inc. had a fast-growing business during the housing boom. The New York City-based startup purchased homes with cash on behalf of buyers. Then it sold the homes to the buyers at the same price, plus a fee, once the buyers got a mortgage. This approach made their clients’ offers more appealing, since sellers often […]
Banks Borrow Unsecured Cash at Record Clip While Deposits Flee
MarketsDeposits at U.S. lenders fell in two consecutive quarters last year for the first time in over a decade Source link
A digital currency is likely to be needed, says U.K. Treasury and Bank of England
The U.K. government said Monday that a digital currency is likely needed, as countries around the world examine the changing nature of payments. A statement issued by both the U.K. Treasury and the Bank of England said they were seeking comments, though they said no decision has yet to be taken. The consultation will run […]
Koch brothers–founded group is pushing Republicans to turn the page on Donald Trump
The late David Koch, who died in 2019, is shown during a speech by then–Fed Chairman Ben Bernanke at the Economic Club of New York seven years earlier. Bloomberg WASHINGTON — A group funded by billionaire Charles Koch will work to support a Republican presidential nominee other than Donald Trump, concluding in a strategy memo that “we need […]
Households Burn Through What’s Left of Their Pandemic Savings
The cushion of savings many built up during the pandemic is thinning out. In some households, it is already gone.Americans have spent down about 35% of the extra savings they accumulated during the pandemic as of mid-January, according to an estimate from Goldman Sachs. By the end of the year, the company forecasts that they […]
Banks Borrow Unsecured Cash at Record Clip While Deposits Flee
MarketsDeposits at U.S. lenders fell in two consecutive quarters last year for the first time in over a decade Source link
Why NFTs saw $946 million in trading volume in January – the highest since June 2022
Non-fungible tokens registered $946 million in trading volume in January 2023, up 38% from December, and the highest on record since June 2022, according to an updated Feb. 2 report by DappRadar, which tracks and analyzes the activity of NFT marketplaces. Non-fungible tokens, which provide proof of ownership of a digital asset like online artwork, […]
‘I always say yes’: How can I deal with aggressive salespeople? I’ve spent a fortune on gym classes. I even told a job interviewer I had no other offers. Help!
I am a 31-year-old man, not yet married, earning decent money and have no great financial burden in my family. I have learned from your replies to others that many money problems are not only about the numbers — income, rate of return or which stock to buy and when — but also about our […]
I suspect my stepmom removed me as beneficiary from my late father’s life-insurance policy. What can I do?
My dad passed away in March 2019. My stepmom told me I had an inheritance from my dad. She ceased communication with me after my dad passed away. I reached out to the Department of Financial Services website for lost life-insurance policies, and received a letter saying my dad was a participant, but had named […]
State of the Union: 5 key challenges for Biden as he delivers his speech
President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office.Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American presidents […]