U.S. Secretary of the Treasury Janet Yellen admitted to being concerned about liquidity in the Treasury debt market during an event in Washington on Oct. 12. The potential loss of liquidity is a worrying situation, Yellen said in a question-and-answer session following a speech at the event, according to Bloomberg. She pointed out that even…
Secretary Yellen Worried About Liquidity in the Treasury Market
Ukraine Needs $4 Billion a Month to Keep Government Operating: IMF
Ukraine needs between $3 billion and $4 billion a month in financial help to ensure its government does not collapse amid its ongoing conflict with Russia, the International Monetary Fund (IMF) said on Wednesday. “Indeed, the Ukrainian authorities have done an impressive job in managing their economy through extremely difficult circumstances following Russia’s invasion,” IMF Managing Director Kristalina Georgieva said…
Mortgage Demand Slump Deepens as Rates Climb to Highest Since 2006
Demand for home loans continues to slump as mortgage rates last week rose to their highest level in almost 21 years. Mortgage application volumes for a home purchase loan fell 2 percent for the week ending Oct. 7, 39 percent lower than the same week in 2021, according to a report by the Mortgage Bankers…
Wall Street’s ‘Fear Gauge’ Flashes Warning Signs
The CBOE Volatility Index (VIX), Wall Street’s “fear gauge,” is beginning to flash warning signs regarding the markets. Wall Street has witnessed losses over recent weeks, as inflation remains high and the Federal Reserve shows no intention of backing down on raising interest rates. The labor market remains tight and wholesale prices climbed for the first…
Investing: Ranking the Small Online Brokers
By Nellie S. Huang From Kiplinger’s Personal Finance Brokerage start-ups such as Robinhood, M1 Finance, and SoFi are tiny compared with the trillions of dollars in brokerage assets at the likes of Schwab and Fidelity. But they’ve already made a big dent in the way things work. These newcomers pioneered commission-free stock trading and fractional-share…
Republican-Led States Pull Over $1 Billion From BlackRock, Cite Concerns Over ESG Strategies
A string of Republican states have announced they are pulling out their investments in the world’s largest asset manager, BlackRock, due to concerns over the company’s move to embrace environmental, social, and governance (ESG) investment strategies. In an interview with the Financial Times, Curtis Loftis, South Carolina’s state treasurer, said he would pull $200 million from BlackRock…
US Home Sales Tanking: Industry Leaders Weigh in on What’s Next
For the third straight month in a row, pending U.S. home sales have plunged, the National Association of Realtors (NAR) recently reported. At the end of August, three out of four major regions experienced month-over-month declines in real estate transactions, with only the West seeing a slight gain. Year-over-year, all four regions indicated double-digit decreases….
How Company Off-Sites Are Changing Business Travel
Business travel used to mean sending employees from their home office to somewhere else—to meet with clients or coworkers at other offices. But for many remote-first companies, it now means the opposite: Bringing employees together from their far-flung homes to work and meet in person. These so-called “off-sites”—a holdover term from when these companies had…
What Is Money Maturity and How Does It Impact Your Finances
What is Money Maturity? This process of becoming more financially responsible is called money maturity. Money maturity is a gradual process that happens over time. It is often associated with age but can also be influenced by factors such as life experiences and education. Nevertheless, money maturity typically leads to better financial decision-making and habits….
UK Launches New Licensing Round for Offshore Oil and Gas
A new licensing round for oil and gas exploration in the North Sea will be launched at 6 p.m. on Friday, the UK’s oil and gas regulator said. The plan was initially announced in April as part of the government’s energy security strategy amid high prices and Russia’s invasion of Ukraine. Business and Energy Secretary Jacob…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta