Economics And Finance
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…
US Government Deficit Grew 17% In Fiscal 2018 Sets A Record In 2019
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. US Government Deficit Grew 17% In Fiscal 2018 Sets A Record In 2019 Tax-law changes led to flat revenue in fiscal…
David vs Goliath or James McAndrews vs Federal Reserve (#GotBitcoin?)
TNB USA asks federal court to order regional reserve bank to open an account that the bank needs to carry out its business strategy. David vs Goliath or James McAndrews vs Federal Reserve A new bank is suing the Federal Reserve Bank of New York, saying it is unfairly preventing the…
Companies Betting on Pot May Be Worse Off When the Smoke Clears (#GotBitcoin)
Beer and liquor companies are investing in marijuana in case customers imbibe less as legalization spreads, but their cannabis push might be a lose-lose proposition. Companies Betting on Pot May Be Worse Off When the Smoke Clears The cannabis investing frenzy has reached a fever pitch. With recreational marijuana use becoming…
The $210 Billion Risk In Your 401(k) (#GotBitcoin?)
Annual defaults on loans taken against investors’ 401(k)s threaten to reduce the wealth in U.S. retirement accounts by about $210 billion when the lost savings are compounded over employees’ careers. The $210 Billion Risk In Your 401(k) (#GotBitcoin?) Annual defaults on loans taken against investors’ 401(k)s threaten to reduce the…
The U.S.-China Trade Battle Spawns a New Era of Tariff Dodges (#GotBitcoin?)
Switching around the 18,927 codes that identify imported goods is an increasingly popular way some Chinese exporters are ducking American tariffs. The U.S.-China Trade Battle Spawns a New Era of Tariff Dodges One day in June, seven months after the U.S. imposed stiff tariffs on plywood from China, a wood importer…
Goldman Is Looking To Reduce “Marcus” Lending Goal On Credit (Recession) Caution (#GotBitcoin?)
Goldman Sachs Group Inc. is looking to restrain the rapid expansion of its online lending platform as the firm grows more cautious on the consumer debt market that’s a key area of growth. Goldman Is Looking To Reduce "Marcus" Lending Goal On Credit (Recession) Caution (#GotBitcoin?) The firm’s Marcus unit…