Economics And Finance
Fed Shifts Goal Posts, And Investors Should Care (#GotBitcoin?)
The way the inflation target is implemented could change, with big implications for markets. Two words in Federal Reserve Chairman Jerome Powell’s opening comments on Wednesday mattered: “transient” and “symmetric.” The markets focused only on the first, with stocks and gold falling and bond yields rising as Mr. Powell described…
Booming Economy? US Treasury Can’t Pay It’s Bills, (#GotBitcoin?)
Agency urges Congress to act promptly to raise the federal borrowing limit.The U.S. government risks not being able to pay its bills on time later this summer or fall unless Congress acts to raise the federal borrowing limit, the Treasury Department said Wednesday. Booming Economy? US Treasury Can't Congress voted…
Google Shows Cracks, Foxconn Retreats (#GotBitcoin?)
Google parent Alphabet Inc. in the first quarter posted its slowest revenue growth since 2015. The poor results highlight the risks for one of Silicon Valley’s biggest names in effectively leaning on one massive, if lucrative, business. Google Shows Cracks, Foxconn Retreats (#GotBitcoin?) Parent company Alphabet posts slowest revenue growth…
Mortgages? Big Banks Throw In The Towel (#GotBitcoin?)
Non-banks’ made over half the mortgages taken out by American consumers in 2017. Mortgages? Big Banks Throw In The Towel (#GotBitcoin?) You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every…
US Doesn’t Have The Money To Match Beijing’s “Belt-and-Road” Initiative (#GotBitcoin)
Xi Jinping, looking to expand global program—and responding to criticism—invites multilateral input. US Doesn't Have The Money To Match Beijing's "Belt-and-Road" Initiative (#GotBitcoin) China has unleashed easy credit for more than five years to fuel its ambitions to build global infrastructure, heaping debt upon itself and other developing economies.…
Sell Your Home With A Realtor Or An Algorithm? (#GotBitcoin)
Leading real estate brokerage launching iBuying program. Keller Williams, the sprawling national real estate franchisor, plans to launch an instant offer service later this year, another indication of the future path of residential real estate transactions. Sell Your Home With A Realtor Or An Algorithm? (#GotBitcoin) [embed]https://www.youtube.com/watch?v=YntuJXj3GUk&list=PLU1KxUVqGmaPQ1WYBa5SgQ72nSr28fYPs[/embed] The embrace of…
Morgan Stanley To Pay $150 Million To Settle California Case (#GotBitcoin?)
State attorney general alleges the bank misled investors about the risks tied to certain products. Morgan Stanley To Pay $150 Million To Settle California Case (#GotBitcoin?) California’s attorney general said Morgan Stanley MS -0.17% has agreed to pay $150 million to settle allegations the company misled investors, including pension funds…
Social Security Costs To Exceed Income In 2020, Trustees Say (#GotBitcoin?)
The Social Security program’s costs will exceed its income in 2020 for the first time since 1982—two years later than officials projected last year—forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. Social Security Costs To Exceed Income In 2020, Trustees Say (#GotBitcoin?) The…
U.S. Existing-Home Sales Declined In March Marking 13 Straight Months Of Annual Declines.(#GotBitcoin?)
Sales fell 4.9% as the housing market heads into the crucial spring selling season. U.S. Existing-Home Sales Declined In March Marking 13 Straight Months Of Annual Declines.(#GotBitcoin?) Sales were down 5.4% from a year ago. Sales of previously owned U.S. homes sputtered in March, failing to build off strong gains…
Belarus Could Get A Nuclear-Powered Bitcoin Mining Center (#GotBitcoin)
Aleksandr Lukashenko, the president of Belarus, met with the country’s IT community to discuss the growth of its native tech industry, amongst other things, the president is reportedly planning to establish a Bitcoin (BTC) mining farm in the country according to the state-owned national news agency, the Belarusian Telegraph Agency.…
Americans’ Love Affair With The Automobile Headed For Divorce (#GotBitcoin)
If teenagers are any guide, Americans’ love affair with the automobile may no longer be something car makers can bank on. Americans’ Love Affair With The Automobile Headed For Divorce (#GotBitcoin) In a challenge for Detroit, teens put off getting their licenses and buying cars. The percentage of teens with…
What’s Rent To Own & How Does It Work? A Guide To Renting vs Buying
The rent and purchase of condominiums is a rapidly growing trend not just in Toronto but a lot of other urban areas of the world. Condos are small space living areas housed together in a block where a separate owner owns each condo. Before we delve into whether jumping at the…