A new report from the Federal Reserve Bank of New York sheds light on the financial struggles faced by low-income borrowers amidst the post-pandemic era. The report, which is the third in a series highlighting the financial dynamics of low-income households, draws upon anonymized credit report data from Equifax and income data from the 2016 Census Bureau American Community … [Read more...] about Rise in Delinquencies for Low-Income Borrowers
Forex News
Market Update
Pre-Market Trading Wayfair Inc. Cl A (W) was up 15.6%. Super Micro Computer Inc. (SMCI) was up 12.4%. Top Gainers The following stocks were posting gains of at least 5%: Endeavor Group Holdings Inc. (EDR) Travelers Cos. Inc. (TRV) Vertiv Holdings LLC (VRT) Top Decliners In early trading, the following stocks had posted declines: Incyte Corp. (INCY) - 3.9% Duolingo Inc. … [Read more...] about Market Update
Home Sales Reach Lowest Level in a Decade
Declining Demand and Limited Supply Drive Prices Up In December, home sales reached their lowest level in over a decade due to the ongoing imbalance between demand and supply. This resulted in a surge in prices, bringing the year to a close on a high note. Sales Activity Hits Rock Bottom Sales activity in December hit its lowest point since August 2010. The National Association … [Read more...] about Home Sales Reach Lowest Level in a Decade
Space Stocks Slide as Virgin Galactic and Intuitive Machines Experience Losses
Space stocks are experiencing a decline on Friday, with Virgin Galactic Holdings Inc. leading the way with a decrease of 5.4%. This marks the second consecutive day of losses for the space tourism company and its largest single-day percentage decline since Tuesday's 7.6% drop. Virgin Galactic (SPCE) has faced declines in five out of the last six days. Intuitive Machines Inc. … [Read more...] about Space Stocks Slide as Virgin Galactic and Intuitive Machines Experience Losses
Traders Question Rate Cut as Inflation Expectations Rise
Traders are losing faith in the possibility of a March interest rate cut by the Federal Reserve, while long-term inflation expectations show an upward trend. Rate Cut Speculation Fades According to the CME FedWatch Tool, Fed-funds futures suggest a 52.6% chance of no quarter-point rate cut at the Fed's March meeting. This is the highest probability of no action in over a month. … [Read more...] about Traders Question Rate Cut as Inflation Expectations Rise
