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Stocks

“3 Big Dividend Stocks Yielding Over 5%; Truist Says ‘Buy’”

“SL Green Realty Corporation (SLG) The first dividend pick from Truist is New York City’s largest commercial landlord. SL Green Realty is a real estate investment trust (REIT)… Judging by the earnings data…The company saw an EPS spike in Q1, while… Continue Reading…

Real Estate

“July pending home sales jump over 15% annually, as properties go under contract in record time”

“Pending home sales, which measure signed contracts to purchase existing homes, increased 5.9% in July compared with June, according to the National Association of Realtors. Sales were 15.5% higher annually “We are witnessing a true V-shaped sales recovery as homebuyers… Continue Reading…

Stocks

“3 Big Dividend Stocks Yielding Over 8%; Analysts Say Buy”

“Euronav NV (EURN) …The offshore storage business has powered strong earnings in 1H20. Euronav saw quarterly revenue and earnings rise in both Q1 and Q2, bucking the ‘normal’ trend in the corona crisis. Q2 earnings came in at $1.14 per share,… Continue Reading…

Economy, Real Estate

“Over 4 million Americans are now skipping their mortgage payments”

“Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet. More than 4.1 million homeowners are in forbearance plans now, according to the latest data from… Continue Reading…

Economy

“Over 4 million Americans are now skipping their mortgage payments”

“More than 4.1 million homeowners are in forbearance plans now, according to the latest data from the Mortgage Bankers Association. While mortgage servicers are still facing stress because of the record deluge of requests for payment relief, signs suggest that… Continue Reading…

Economy

“US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks”

“First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday. Economists surveyed by Dow Jones had been looking… Continue Reading…

Banking, Economy

“Chase [Bank] to temporarily close 1,000 branches over coronavirus concerns”

“JPMorgan Chase is closing about a fifth of its bank branches to help contain the spread of COVID-19. The finance giant will shutter about 1,000 Chase bank locations temporarily, according to a memo sent to employees Wednesday. The roughly 4,000 other branches will… Continue Reading…

Banking, Economy

“Fed says it will offer an additional $500 billion in overnight repo funding markets”

“In a mid-day announcement, the New York Fed said it willconduct a $500 billion repo operation this afternoon, another move targeted at keeping money flowing through the system. Repo involves banks putting up high-quality collateral like Treasurys in exchange for… Continue Reading…

Business, Stocks

“5 powerful tech companies now make up 18% of the stock market…”

“We are here to say that yes, there is life outside of investing in Apple, Microsoft, Amazon, Google and Facebook. Unfortunately, most investors don’t agree — and it could end badly for them at some point. Those five powerful tech… Continue Reading…

Economy

“Over 40% of Consumers in Some States Have Delinquent Household Debt, Data Indicate”

“Nationwide, 31% of people with credit bureau records had debt in collections last year, according to the 2018 figures, which were published by the Urban Institute. The median amount of that debt was $1,639. “The share of consumers with financial distress,… Continue Reading…