This worries economists and consumer advocates, who have little idea of the erratic use of these services coupled with a lack of transparency Regulatory oversight, makes them wonder how much American debt really is. While other household debt, such as credit card spending and auto loans, are recorded and tracked by the Federal Reserve, Buy … Read more
What happened: The euro collapsed to around $1.03 and is down more than 8% year-to-date against the US dollar. It is now trading at its lowest level since late 2002. Most analysts believe the bottom is not yet in. Forecasts are circulating that it could even reach parity, where one dollar can be exchanged for … Read more
What happened: The euro collapsed to around $1.03 and is down more than 8% year-to-date against the US dollar. It is now trading at its lowest level since late 2002. Most analysts believe the bottom is not yet in. Forecasts are circulating that it could even reach parity, where one dollar can be exchanged for … Read more
Johnson said she’s been trying to save money by cooking more at home and packing her husband’s lunches instead of eating out at restaurants. The Metro Atlanta couple put off buying a home after seeing a surge in home prices over the past year. Elementary school teacher Johnson also worries about being able to afford … Read more
Record rises in house prices and rents deepened the US affordable housing crisis, and rising interest rates are likely to make it worse, according to Harvard University’s annual housing report released on Wednesday. Though rapidly rising mortgage rates are already appearing to cool overheated housing markets, they are putting the homeownership dreams of millions of … Read more
Though rapidly rising mortgage rates are already appearing to cool overheated housing markets, they are putting the homeownership dreams of millions of Americans even further out of reach, said researchers and housing industry experts. The income required to qualify to own a home has skyrocketed: Mortgage, property tax and insurance payments for a home with … Read more
If you wanted to do a forensic study of the solar system, you could go to the main asteroid belt between Mars and Jupiter. That’s where you can find ancient rocks from the early days of the solar system. Out there in the cold vacuum of space, far from the sun, asteroids are largely untouched … Read more
The Federal Reserve announced a 75 basis point rate hike on Wednesday, a 50 percent larger hike than the central bank originally announced for June. The move comes after inflation hit a new 40-year high last week and consumer prices soared 8.6 percent from a year ago. Fed watchers predict the bank’s benchmark Federal Funds … Read more
The Federal Reserve announced a 75 basis point rate hike on Wednesday, a 50 percent larger hike than the central bank originally announced for June. The move comes after inflation hit a new 40-year high last week and consumer prices soared 8.6 percent from a year ago. Fed watchers predict the bank’s benchmark federal funds … Read more
A customer shops at a grocery store in San Rafael, California on June 8. Inflation has risen to its highest level in almost 40 years, and Americans are having to adjust some of their spending habits. Justin Sullivan/Getty Images Hide caption toggle caption Justin Sullivan/Getty Images A customer shops at a grocery store in San … Read more