With U.S.-China trade tensions roiling markets, investors are counting on support for stocks coming from a Federal Reserve willing to keep cutting interest rates to help the U.S. economy avoid a severe downturn.
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.
Leaders of the United Auto Workers turned up the pressure on General Motors Co (GM) on Sunday, ordering 850 maintenance workers at five GM facilities to walk off the job ahead of a meeting in Detroit on whether to call a wider strike.
Ukraine government proposes parliament to adopt the 2020 state budget with 2.09% deficit, finance minister Oksana Markarova said on Sunday. This year's budget deficit is set at around 2.3 percent.
British Prime Minister Boris Johnson likened himself to the comic book character The Incredible Hulk in a newspaper interview where he stressed his determination to take Britain out of the European Union on Oct. 31.
The world is moving toward a new short-term lending benchmark to replace the troubled London interbank offered rate. Companies don't seem to be in a rush to keep pace. Fewer than half of 177 companies surveyed by consulting firm Accenture are confident they will be prepared for Libor's demise, scheduled for the end of 2021..
Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation.
The Federal Housing Finance Agency expands multifamily lending caps for the two government-controlled organizations. The Federal Housing Finance Agency will increase caps on the amount of multifamily loans Fannie Mae (FNMA) and Freddie Mac (FMCC) can purchase next year while also closing some loopholes. The regulatory agency will now limit the two firms to purchasing $100 billion in multifamily-housing residential loans, respectively, between the fourth quarters of 2019 and 2020....
The score provided by FICO, named for the Fair Isaac Corporation, is widely used as a measure of a person's creditworthiness. Americans' credit scores have come a long way in a decade. The average FICO score has reached a new high of 706, FICO said Tuesday, having edged up consistently over the past nine years.
Home buyers in their 20 s and 30 s are' having to be very creative' to come up with down payment money. Millennial home buyers are going to some troubling lengths to foot the bill for their first homes, according to a new survey. Millennials are more likely than their older counterparts to fund their down payment and closing costs by dipping into retirement savings, saving money by moving in with family or friends or selling personal items, a recent Bankrate survey of 2,582 U.S. adults...
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