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Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is...
10/10/2022

Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the International Monetary Fund and World Bank—are getting quickly committed.

Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the

As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock.The inter...
09/29/2022

As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock.

The interest rate for the most common home loan in the United States surpassed 7 percent this week, by one measure — the latest signal that the high-flying housing market is falling back to earth.

As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home lo

Some 2.6 million Florida homes and businesses were without power, rivers were overflowing, and cars floated through the ...
09/29/2022

Some 2.6 million Florida homes and businesses were without power, rivers were overflowing, and cars floated through the streets of Fort Myers. Ian, one of the strongest hurricanes to hit the US, weakened to a tropical storm but continues to dump rain on the state as it makes its way up the US Southeast.

Some 2.6 million Florida homes and businesses were without power, rivers were overflowing, and cars floated through the streets of Fort Myers. Ian, one of the s

U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesita...
09/29/2022

U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesitate to lay off workers despite a slowing economy.

Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 193,000 last week from a revised 209,000 the previous week, the Labor Department said Thursday.

U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesitate to lay off workers despite a slowing

Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that add...
09/29/2022

Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. housing market.

The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders released Thursday by Freddie Mac. It was the highest rate since July 2007 and marked the sixth week of rising rates.

Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. h

Ready or not, what your job pays is about to get a lot less private.California, with its roughly 19 million workers and ...
09/28/2022

Ready or not, what your job pays is about to get a lot less private.

California, with its roughly 19 million workers and some of the biggest US companies, Tuesday became the latest state to join a quickly growing nationwide salary transparency movement.

Just a year ago, only Colorado required employers to list salary ranges on job postings.

Ready or not, what your job pays is about to get a lot less private. California, with its roughly 19 million workers and some of the biggest US companies, Tu

Government bonds in Europe and the U.S. rallied Wednesday after an announcement by the Bank of England that it would buy...
09/28/2022

Government bonds in Europe and the U.S. rallied Wednesday after an announcement by the Bank of England that it would buy longer-term U.K. bonds served to ease investors’ concerns about the potential for a spiraling crisis in the global debt markets.

The sharp move added to a wild run of trading sessions and came just after the 10-year U.S.

Government bonds in Europe and the U.S. rallied Wednesday after an announcement by the Bank of England that it would buy longer-term U.K. bonds served to ease i

It’s tempting to see the market backlash against the British government’s proposed income-tax cut as a uniquely British ...
09/28/2022

It’s tempting to see the market backlash against the British government’s proposed income-tax cut as a uniquely British problem.

That would be a mistake. The markets are sending a deeper message: It’s a more dangerous world for deficits.

Before the pandemic, depressed private investment and demand kept inflation too low for central banks that targeted 2%.

It’s tempting to see the market backlash against the British government’s proposed income-tax cut as a uniquely British problem. That would be a mistake.

Rising rates have been good for bank stocks in the past. That time appears to be over—for now. If casual investors know ...
09/28/2022

Rising rates have been good for bank stocks in the past. That time appears to be over—for now. If casual investors know anything about bank stocks, it may be that they are a market sector that can benefit from higher interest rates.

But this conventional wisdom rests on some assumptions.

Rising rates have been good for bank stocks in the past. That time appears to be over—for now. If casual investors know anything about bank stocks, it may be

A new Florida law that tightens the rules around condo inspections is spawning a new cottage industry in the Miami area,...
09/27/2022

A new Florida law that tightens the rules around condo inspections is spawning a new cottage industry in the Miami area, as real-estate firms compete to offer services to enable thousands of residential buildings in Florida to comply.

A new Florida law that tightens the rules around condo inspections is spawning a new cottage industry in the Miami area, as real-estate firms compete to offer s

The Biden administration was sued over claims that its sweeping new program to forgive some federal student loans will h...
09/27/2022

The Biden administration was sued over claims that its sweeping new program to forgive some federal student loans will harm borrowers in at least six states, where laws require tax payments on canceled loans that are treated as income.

The Biden administration was sued over claims that its sweeping new program to forgive some federal student loans will harm borrowers in at least six states, wh

Deals for house purchases are collapsing after lenders pulled mortgage offers in response to soaring interest rates.Smal...
09/27/2022

Deals for house purchases are collapsing after lenders pulled mortgage offers in response to soaring interest rates.

Smaller lenders such as Kensington, Accord Mortgages and Hodge were among those to say they were withdrawing products Tuesday.

Deals for house purchases are collapsing after lenders pulled mortgage offers in response to soaring interest rates. Smaller lenders such as Kensington, Acco

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