Auto loan defaults reach record high as economists question stability of the economy
A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported this month, even more than during the wake of the financial crisis era. Today, More...
Here’s How Hurricane Harvey will Affect the U.S. Economy, Let’s Not Even Get Started on Irma
Hurricane Harvey has already raged through Houston and we can’t seem to see the end of the footage on the devastation that it left in its path. While the U.S. continues to battle with effects of hurricane More...
CBS: Economy ‘much weaker’ than thought, ‘recession territory’
While political opponents will squabble over details and good or bad the economy is shaping up to be, CBS published a new article to state that folks need to “face it”: the U.S. economy has a lot of More...
Minneapolis credit rating downgraded by Moody’s, likely impacting the mayoral race
Moody’s Investors Service downgraded Minneapolis’s credit rating Monday night, delivering a blow to one of Mayor R.T. Rybak’s signature achievements. photo by photoSteve101 via Flickr The downgrade More...
Wells Fargo pays $6.5 million in SEC settlement
Wells Fargo will pay $6.5 million to settle charges that it failed to disclose the risks of complex investments it sold to municipalities, non-profits and other customers, the Securities and Exchange Commission More...
Germany targeted by Moody’s to lose their Aaa credit ranking
Moody’s cut the outlook on Germany’s prized AAA credit rating from “stable” to “negative” Monday. The move could precede a full-blown downgrade, which would mark a grim turn for More...
Moody’s cuts 15 major investment banks ratings
The ratings agency Moody’s downgraded 15 of the world’s biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face. CNBC summarized the five biggest More...
Pakistan flood homeless toll put at over 4 million: ‘Letter to frame context’
More than four million Pakistanis have been made homeless by nearly three weeks of floods, the United Nations said on Thursday, making the critical task of securing greater amounts of aid more urgent. The U.N. had More...
