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Stocks

“Jobless claims: Another 965,000 Americans filed new unemployment claims last week”

“The U.S. Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results in the report, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Jan.… Continue Reading…

Stocks

“The Stock Market Could Gain Another 10% Next Year, Experts Say”

“Even though U.S. stocks are at all-time highs today, market strategists see the S&P 500 index rising further in 2021, propelled by a stronger economy, robust profit growth, and still-massive stimulus from governments and central banks, which paved the way… Continue Reading…

Real Estate

“US mortgage rates have dropped to another all-time low. Can they go even lower?”

“Mortgage rates keep rewriting the record books. Mortgage giant Freddie Mac says rates on 30-year fixed-rate mortgages dropped last week to a new low in its survey that goes back nearly 50 years — and it’s the fourth time that’s… Continue Reading…

Banking, Economy

“Fed Cuts Interest Rates by Another Quarter Point”

“The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy showed additional signs of weakening. For… Continue Reading…

Banking, Economy

Not Good! “Former TARP watchdog: ‘No question’ that banks will need another bailout”

“A key figure in the financial crisis is not convinced that the U.S. government has fixed its “too big to fail” problem… Barofsky told Yahoo Finance that the largest banks have only gotten larger and more interconnected than they were… Continue Reading…