Global Issuance of Mortgage-Backed Securities Falls to a 23-Year Low

Global Issuance of Mortgage-Backed Securities Falls to a 23-Year Low

The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first...

Market Ignores Fed Chair Powell's Comments, Prices in More Interest Rate Cuts

At the post FOMC press conference, Michael McKee of Bloomberg asked Fed Chair Jerome Powell...

Europeans Drain Billions From Banks, Fed up With Shrinking Savings

European savers are looking for a better deal as lenders resist paying up....

Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options: WSJ

The Biden administration and Capitol Hill leaders are scrambling to avoid a first-ever government default...

Regional Bank Crisis Spreads To BIg Banks As USB Tumbles, Stocks Dump Amid Widespread Liquidations

After an FT report said that it too, like PacWest, is exploring strategic options including...

Job Cuts UP 176% YoY, Q1 Nonfarm Productivity Falls -2.7% QoQ, Unit Labor Costs Almost Double…

Biden loves to brag about the greatest economy in history! Sure Joe. Life during Biden....

About Half in U.S. Worry About Their Money's Safety in Banks: Gallup Poll

After several high-profile bank failures, about half of Americans are concerned about the safety of...

New Homes Became Less Affordable in March 2023

The median new home sold in the U.S. has fully qualified as unaffordable for the...

With Mortgage Rates Stuck at 6.5%, Spring Selling Season Turns into Dud

But unlike homeowners, homebuilders know how to sell into a down-market: by cutting prices. So...

U.S. Finally Ends Federal COVID-19 Vaccine Mandate for Travelers, Employees, Head Start

The last vestiges of the Biden administration’s pandemic mandates are disappearing on May 11....

Global Shipper Maersk Warns of ‘Radically Changed’ World as Profits Tumble

Shipping group signals industry’s pandemic-driven boom is over as demand and freight rates fall....

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