April 10, 2025
“The stock market mounted one of its biggest rallies in history after President Donald Trump announced a pause in some of his “reciprocal” tariffs on the globe, causing a market that has been under extreme pressure for the past week… Continue Reading…
June 13, 2023
“…Investors should be wary of the ongoing stocks rally because it doesn’t reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management’s chief investment officer. Bob Michele told… Continue Reading…
March 27, 2023
“First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade… The deal to settle SVB’s fate could help tamp down… Continue Reading…
February 3, 2023
“Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published… Continue Reading…
December 20, 2022
“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…
September 23, 2022
“Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists. Cash had inflows of $30.3 billion, while global equity funds… Continue Reading…
September 14, 2022
“…The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago, Mortgage Bankers Association (MBA) data showed on… Continue Reading…
April 5, 2022
“EDITOR’S NOTE: “Existing” homes for sale may be in short supply but, in contrast, “new” homes for sale are booming. Builders are ramping up production on new homes despite continuing labor shortages and supply issues. In fact, new homes are… Continue Reading…
November 19, 2021
“EDITOR’S NOTE: Gains, Pains & Capital writes that we are headed for a worse financial crisis than 2008. While the piece provides plenty of worrying numbers and trends to back this assertion up, their main point is, “Put simply, the… Continue Reading…
April 16, 2020
“It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years. The coronavirus and the forced closure of business throughout the country again fueled the number of Americans applying… Continue Reading…
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