FDIC enlists BlackRock to clean up banking castoffs
The FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.
Larry Kudlow: The Fed raises interest rates for the 10th straight increase
FOX Business host Larry Kudlow reacts to the Federal Reserve hiking interest rates again Wednesday, and how the stock market reacted to the news.
Fed raises interest rates a quarter point, hints at possible pause
The Federal Reserve on Wednesday voted to raise interest rates for the 10th straight time but indicated that an end is in sight for its tightening cycle.
Private sector job growth unexpectedly jumps in April to 296,000
Private sector hiring surged in April to the highest level in 10 months, despite expectations that the labor market will slow due to higher interest rates.
Home prices on the rise again due to worsening inventory shortage
U.S. home prices resumed their upward march last month thanks to strong consumer demand that was boosted by a worsening shortage and lower mortgage rates.
Fed likely to hike interest rates again, then signal a pause in its inflation fight
The Federal Reserve is expected to hike interest rates for the 10th time amid signs the economy is slowing and once red-hot inflation is starting to cool.
Job openings dropped more than expected in March to lowest level in 2 years
The Labor Department said Tuesday that U.S. job openings fell more than expected in March, a welcome sign for the Federal Reserve's war against inflation.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
What UPS tells us about the economy
UPS provided clues about which direction the U.S. economy is heading in the short and long term for 2023, this as the Fed makes is latest decision on interest rates Wednesday.
First Republic fate, Apple earnings, jobs data and Fed decision top week ahead
First Republic's future, the Federal Reserve's decision on interest rates and Apple earnings are just a few of the big market moving events ahead for investors in the coming week.
Fed report on Silicon Valley Bank collapse blames mismanagement, weak government oversight
The Federal Reserve on Friday released its report on what led to the collapse of Silicon Valley Bank, placing blame on the lender's management and calling for better regulation.
Mortgage rates rise again, but tide may soon change: Freddie Mac
The average 30-year fixed-rate mortgage rate increased to 6.43%, according to Freddie Mac data. An ongoing cooling of inflation could also mean lower mortgage rates throughout the year, Freddie Mac said.
The Fed is expected to raise interest rates again in May: Economists
The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.
US economy grew 1.1% in first quarter signaling slowdown
Gross domestic product for the first quarter is signaling the U.S. economy is facing headwinds as consumers pull back spending and companies lay off thousands of workers.
Ted Cruz, Jim Jordan press San Francisco Fed on Silicon Valley Bank collapse
Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.
Financial stress has biggest impact on Americans’ mental health: survey
Financial struggles are the biggest drivers of stress among Americans, according to a survey by Clever Real Estate. More than half of respondents said they’re stressed about inflation and not having enough money to save for retirement.
Private equity crackup looming amid higher interest rates and escalating losses
Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.
Mortgage rates rise, add to affordability issues
The average rate for a 30-year fixed-rate increased to 6.39%. Higher rates and low housing supply is putting affordability constraints on would-be homebuyers. But there are still ways to find the best rate.
Home prices exceeded inflation by more than 200%: Home Bay
Median home prices since 2020 have outpaced inflation by more than 200%, according to a study by Home Bay. And despite a cooling of inflation, rising prices of basic goods and services have remained a concern for many Americans, reports have suggested.
Existing home sales unexpectedly fall in March, reversing recent gains
Sales of previously owned homes fell 2.2% in March from the prior month due to higher mortgage rates, according to the National Association of Realtors.