Morgan Chittum TIMOTHY A. CLARY / Getty US stocks ended higher Friday, capping off a week of Fed moves and more bank fears. The 2-year and 10-year Treasury yields both notched their lowest levels in six months. Deutsche Bank stock plunged as a new round of bank jitters hit the market in the wake of… Continue reading US stocks close higher as markets assess fresh bank woes and recession fears
The premium Americans are paying for a mortgage versus rent hasn’t been this big since the housing bubble peaked 17 years ago
The monthly payment for a newly purchased home at the end of 2022 was $1,176 more than apartment rent. That premium is the widest it has been since 2006, near the peak of the housing bubble. Expensive real estate prices and high interest rates are driving the gap been mortgages and rent. Loading Something is… Continue reading The premium Americans are paying for a mortgage versus rent hasn’t been this big since the housing bubble peaked 17 years ago
The SEC just warned investors that crypto assets are at risk of ‘significant’ losses after $2 trillion in market value was already erased
The SEC warned that cryptocurrencies could still spur significant losses for investors.The warnings comes more than a year after the cryptocurrency market erased $2 trillion in market value.”The only money you should put at risk with any speculative investment is money you can afford to lose entirely,” the SEC warned. Loading Something is loading. Thanks… Continue reading The SEC just warned investors that crypto assets are at risk of ‘significant’ losses after $2 trillion in market value was already erased
The Fed is putting the economy in jeopardy by not prioritizing the stability of the banking system, Moody’s chief economist says
The Fed is putting the economy at risk by not prioritizing bank stability, Moody’s Mark Zandi said. He said the Fed’s 25-basis-point rate hike added to tighter credit conditions at banks. “That puts the federal effective funds rate target closer to 6%,” Zandi told CNBC Loading Something is loading. Thanks for signing up! Access your… Continue reading The Fed is putting the economy in jeopardy by not prioritizing the stability of the banking system, Moody’s chief economist says
Copper prices could soar 33% in the next year as global inventories hit lowest since 2008, top metals trader says
Copper could climb as high as $12,000 per metric ton in the next year, Trafigura said. That represents a 33% jump from the current price of about $9,000. “What’s the price of something the whole world needs but we don’t have any of?” Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Copper prices could soar 33% in the next year as global inventories hit lowest since 2008, top metals trader says
Taxpayer takes CRA to court after it dings him for RRSP overcontribution tax due to a bank error
Jamie Golombek: Errant Home Buyers’ Plan payment led to case where judge called CRA ‘lacking in logic and transparency’ Published Mar 23, 2023 • Last updated 14 hours ago • 5 minute read When accepting a Home Buyers’ Plan payment for the one spouses’s RRSP, the bank erred and placed the payment in the spousal RRSP… Continue reading Taxpayer takes CRA to court after it dings him for RRSP overcontribution tax due to a bank error
Stock Market Today: Stocks Close Higher in Volatile Session
Stocks pared earlier gains Thursday, but still closed higher in the wake of Wednesday’s post-Fed selloff. Investors continued to evaluate yesterday’s comments from Federal Reserve Chair Jerome Powell, who indicated an end to rate hikes could be near, as well as concerning bank deposit commentary from Treasury Secretary Janet Yellen. There was nothing particularly unexpected… Continue reading Stock Market Today: Stocks Close Higher in Volatile Session
The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
The Federal Reserve is outsourcing monetary policy, former White House adviser Gary Cohn said. It’s betting that tighter lending in the banking sector will act as a brake on the economy, he told CNBC. But this may lead to a recession, as businesses are unable to expand without borrowing. Loading Something is loading. Thanks for… Continue reading The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
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