Veteran fund manager makes bold prediction about Fannie Mae, Freddie Mac
In the aftermath of the housing market bubble, the federal government placed Fannie Mae and Freddie Mac under a financial ...
Instead of Lowering CD Rates, These Two Big Banks Just Raised Theirs
Most CD rates have been drifting lower now that the Fed has been cutting interest rates. But today two large U.S. banks ...
Former Bank of England governor Mark Carney enters race to be Canada’s next prime minister
Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s ...
As Biden warns of an ‘oligarchy,’ Trump will be flanked by tech billionaires at his inauguration
Biden’s use of the word “oligarchy” was no accident — it’s a direct reference to the form of government in Russia, whose ...
WFAE5m
Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
Maine Public5m
Mortgage rates have climbed above 7%. Here's how we got here and what it means
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
CT ‘baby bonds’ program discussed at Federal Reserve conference
Stakeholders and CT officials discussed the first-in-the-nation program, and how it may be planting the seeds of a national ...
Business Times13m
American Express to pay US$230 million to settle US charges over deceptive sales practices
AMERICAN Express said on Thursday (Jan 16) it will pay about US$230 million to settle US criminal and civil probes into ...
The Yen Is a Currency Trader’s Best Friend and Worst Enemy
Looking back, yen-funded carry trades have turned out to be among the most profitable plays this year. Of 20 major emerging ...
The Highland County Press4m
Trump's Treasury pick Scott Bessent says 'spending is out of control'
Under questioning from U.S. Sen. Elizabeth Warren, D-Mass, Bessent said he was open to raising the debt ceiling if Trump wanted to do so. However, he likened removing the debt ceiling to removing a ...