Economics And Finance
Home Prices Continue To Lose Momentum (#GotBitcoin?)
Gains fell below 6% in August as slowdown in housing market becomes more widespread. Annual home-price gains fell below 6% for the first time in a year in August, another sign that the slowdown in the housing market is becoming widespread and is likely to persist in the months to…
Credit-Card Spending Limits In The Crosshairs As Issuers Grow Cautious (#GotBitcoin)
Capital One and Discover are pulling back on some consumers as economy ‘almost feels too good to be true’. Credit-Card Spending Limits In the Crosshairs As Issuers Grow Cautious (#GotBitcoin) Two of the biggest credit-card issuers are tightening lending standards, an unusual move in a strong economy that may signal…
Treasury Expects To Issue Over $1 Trillion In Debt In 2018 (#GotBitcoin?)
Debt issuance this year could be highest since 2010, the Treasury said, as higher government spending and stagnant tax revenues have pushed the deficit higher. Treasury Expects To Issue Over $1 Trillion In Debt In 2018 The U.S. Treasury Department estimates it will issue more than $1 trillion in debt this…
U.S. Economy Flashes Signs It’s Downhill From Here (#GotBitcoin?)
A slowdown in growth would have big implications for stocks, the Fed and President Trump. U.S. Economy Flashes Signs It’s Downhill From Here What if that was as good as it gets? The Commerce Department reported Friday that U.S. gross domestic product expanded at a 3.5% annual rate in the third…
401(k) Rule Change Would Ease Small Companies’ Path To Joint Plans (#GotBitcoin?)
Labor Department’s proposal is latest effort to address a retirement savings deficit. 401(k) Rule Change Would Ease Small Companies’ Path To Joint Plans A new Labor Department rule would make it easier for small businesses to offer 401(k) plans, part of an effort to close a retirement-plan coverage gap that affects…
Bull Market’s Latest Hurdle: Slowing Sales Growth (#GotBitcoin?)
Many S&P 500 companies point to cautious customers, rising costs and a stronger dollar as reasons for weaker quarterly performance. Bull Market’s Latest Hurdle: Slowing Sales Growth Revenue growth at U.S. companies (including Amazon and Google) is slowing, stirring concern that a corporate-profit boom that has driven the Dow Jones Industrial…
FICO Plans Big Shift In Credit-Score Calculations, Potentially Boosting Millions of Borrowers (#GotBitcoin?)
Consumers with a low FICO could get a higher UltraFICO, a new score that factors in bank-account activity as well as loan payments. FICO Plans Big Shift In Credit-Score Calculations, Potentially Boosting Millions of Borrowers Credit scores for decades have been based mostly on borrowers’ payment histories. That is about to…
Banks’ Golden Deposits Are Heading Out The Door (#GotBitcoin)
After years of rate increases from the Federal Reserve, customers are pulling money out of accounts that don’t earn interest and putting it into higher-yielding alternatives. Banks’ Golden Deposits Are Heading Out The Door (#GotBitcoin) There’s less free money to go around for banks. Related: Banks Lose Hundreds Of Billions…
Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets (#GotBitcoin)
Investor pullback has fueled a bond selloff and shaken a nine-year-long rally in stocks. Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets (#GotBitcoin) Overseas investors, traders and central bankers are buying fewer Treasurys, a potential turning point for a $15 trillion market at the center of global finance and…
The High Financial Price of Our Short Attention Spans (#GotBitcoin?)
Information overload is giving us little time to focus on any of it—and leading us to make bad choices about our money. The High Financial Price of Our Short Attention Spans Digital devices are potentially damaging your wallet—but not in the way you might think. Smartphones and other gadgets allow us…
Lenders Share Their Underwriting Secrets With Credit Karma (#GotBitcoin?)
Credit-card and personal-loan issuers hope the move will bring new customers amid signs of consumer-debt slowdown. Lenders Share Their Underwriting Secrets With Credit Karma Some of the biggest U.S. lenders, eager to bring in more borrowers and extend a yearslong expansion in consumer credit, are handing over the keys to their…
U.S. Government Deficit Grew 17% In Fiscal 2018 Sets A Record
The federal deficit widened last year amid higher government spending—including rising interest costs on the debt and increased funding for the military—and flat revenues following last year’s tax cut. U.S. Government Deficit Grew 17% In Fiscal 2018 Sets A Record In 2019 (#GotBitcoin?) Tax-law changes led to flat revenue in…