More Auto Payments Are Late, Exposing Cracks in Consumer Credit
MarketsFinanceBorrowers with low credit scores fall behind in numbers unseen since 2010 Source link
The 6-Month T-Bill Breaches 5%. It Hasn’t Been This High Since 2007.
The rate on U.S. six-month Treasury bills surpassed 5% on Tuesday, reaching its highest level since 2007. That’s good news for investors looking to earn even more on their short-term cash. It’s still not enough to offset inflation, however, which remains stubbornly high even as the latest government data show it slowing. Source link
Fed’s Inflation Fight Pushes Up Cost of U.S. Debt
EconomyU.S. EconomyRepublicans and Democrats disagree on whether debt load is manageable Source link
Steepest Home-Price Declines in Fourth Quarter Were in the West: WSJ
U.S. home prices rose in the fourth quarter from a year earlier, but once-booming West Coast markets were among a growing number of metro areas to post price declines. Source link
Credit Suisse Bank Losses Deepen, Threatening Overhaul: WSJ
Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the beleaguered lender has yet to turn the corner. The Swiss bank is trying to recover from scandals and financial losses with a sweeping overhaul. It wants to focus on wealth […]
Fed Officials Signal Higher Interest Rates Will Be Needed to Contain Inflation
A senior Federal Reserve official said the economy will need higher borrowing costs for a few years to bring down inflation and prevent price pressures from strengthening. “We still have some work to do to get interest rates in the right place,” said New York Fed President John Williams at The Wall Street Journal’s CFO […]
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
Chinese Consumers Hoard Cash After Confidence Takes a Hit
MarketsEconomists believe spending will be slow to bounce back after the end of zero-Covid Source link
China Has More ICBM Launchers Than U.S., American Military Reports
WSJ News ExclusiveChinaWhile the U.S. leads in intercontinental missiles and warheads, China’s gains are fueling debate in Congress Source link