Mortgage rates are climbing, sending applications lower, as U.S. Treasury yields soar.
— Read on www.cnbc.com/2023/10/18/30-year-fixed-mortgage-rate-just-hit-8percent-for-the-first-time-since-2000.html
Tag: United States
Biggest Bank Failures: 3 Financial Stocks to Avoid Now | Seeking Alpha
Shares of regional banks plummet following JPMorgan’s (JPM) acquisition of First Republic Bank (FRC). Click here for 3 regional banks to avoid.
— Read on seekingalpha.com/article/4599325-3-bank-failures-bigger-than-2008-stocks-sell-stand-out-with-quant
Inflation Reduction Act set to grant the IRS $80 billion in funding
Senior columnist Rick Newman highlights how the IRS may make use of its boosted budget from Inflation Reduction Act funding.
— Read on ca.finance.yahoo.com/video/inflation-reduction-act-set-grant-204639560.html
Homebuyers are backing out of more deals as recession fears linger
Homebuilder cancellation rates have more than doubled since April, according to surveys by John Burns Real Estate Consulting.
— Read on www.cnbc.com/2022/08/16/homebuyers-are-backing-out-of-more-deals-as-recession-fears-linger.html
US Debt Outlook Boosted to Stable by Fitch as Tax Revenues Climb
(Bloomberg) — The US government’s debt dynamics have strengthened thanks to recent improvements in the economy and increased revenue, according to credit assessor Fitch Ratings, which has upgraded the country’s outlook to stable.Most Read from BloombergWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsWorking From Home Isn’t a Free Company BenefitBiden Lauds CIA for Punching
— Read on ca.finance.yahoo.com/news/us-debt-outlook-boosted-stable-205844198.html
Long-term unemployment falls by 357,000 people but is still elevated
About 32% of jobless Americans have been out of work at least six months. That’s a big decline from the pandemic peak, but higher than most periods in history.
— Read on www.cnbc.com/2021/11/05/long-term-unemployment-falls-by-357000-people-but-is-still-elevated-.html
Income a single person needs to get by in every US state
MIT’s Living Wage Calculator estimates how much a single person needs to earn in order to stay above the poverty line without outside assistance.
— Read on www.cnbc.com/2021/08/17/income-a-single-person-needs-to-get-by-in-every-us-state.html
Biden to press G-7 leaders around a unified approach to counter China
President Joe Biden will press G-7 leaders to take concrete steps to counter China’s rising global influence on Saturday, the second day of the annual summit.
— Read on www.cnbc.com/2021/06/12/biden-to-rally-g-7-leaders-around-a-unified-approach-to-counter-china.html
Visualizing the State of Household Debt in America
Since 2003, U.S. household debt has doubled to over $14.5 trillion. We break down the components of this colossal figure.
— Read on www.visualcapitalist.com/the-state-of-household-debt-in-america/
Average Net Worth by State: Highest and Lowest Rankings
Select looks at Americans’ net worth by state from Personal Capital’s user data.
— Read on www.cnbc.com/select/average-net-worth-by-state/