In exchange for avoiding a criminal trial and no one receiving a prison sentence, Morgan Stanley bank agreed to pay a $249-million fine to the U.S. government to settle an investigation into the bank’s handling of several large stock trades from 2018 into 2021.
Fewer than half of the Baby Boom generation, born between 1946 and 1964, have the resources to retire comfortably, a study by Business Insider found.
The number of applications for mortgages to buy a home rose 6 percent during the first week of this year from the final week of December but remained 16 percent below the number a year earlier, the Mortgage Bankers Association (MBA) reported.
The median selling price of U.S. homes in November reached $434,700, the U.S. Census Bureau reported, a 5.2-percent increase year on year compared to a 4.7-percent bump in October, according to data service CoreLogic.
U.S. consumer prices grew by 3.4 percent in December, the Labor Department reported, surpassing November’s 3.1 percent and beating economists’ forecasts of 3.2 percent.
Pick your country, take a trip around the world. By the hard facts and indisputable data, across the socioeconomic and geopolitical spectrum it’s a freak show run by political freaks.
Attacks on shipping in the Red Sea by Yemen’s Iran-backed Houthi faction have sent shipping costs soaring, adding to the price of cross-border trade and threatening to inflate prices once again.
Following the midterm elections in the U.S. in November of 2022, we had forecast that the U.S. equity markets would spike in 2023. They did. The rally led all three U.S. stock indexes to a stellar year, concluding with nine consecutive weekly gains, the longest such streak in almost two decades.
Across the U.S., 5.2 percent of warehouse space stood empty in last year’s fourth quarter, up from 4.6 percent in the third and 3.1 percent in 2022’s final three months, real estate services firm Cushman & Wakefield reported.
Choked supply chains during the COVID War cut the number of items that manufacturers could make. Product lines in everything from bed sheets to cat food narrowed. Now that the COVID era has largely passed and supply lines have re-established themselves, those missing items are not coming back, The Wall Street Journal reported.