The current economic climate is characterized by uncertainty and inconclusive data. The Federal Reserve is trying to control inflation, but it remains at an intolerably high level, and the stock and bond markets are fluctuating. Although the labor market is tight, growth is slowing, and the housing market is weakening. Over the last week, the…
March Madness has taken hold of the financial markets as U.S. employers added 311,000 jobs in February, another stronger-than-expected showing for the labor market. However, the four biggest U.S. banks lost $52 billion of market value on Thursday, contributing to a broad rout across financial stocks. Job Creation Surpasses Expectations Despite concerns over the pandemic…
The global financial markets are currently experiencing a severe liquidity crunch, with investors selling off stocks and assets in droves. The S&P 500 alone lost a staggering $600 billion in just two hours, highlighting the intensity of the crisis. Cryptocurrency markets were not spared either, with a loss of $40 billion today. Additionally, the four…
SVB Financial Group $SIVB, the parent of Silicon Valley Bank, has experienced a significant decline in its share price, which has triggered a massive selloff in the bank shares. Investors have been dumping their shares in the bank after it announced that it lost nearly $2 billion selling assets, following a larger-than-expected decline in deposits.…
Sustainable investing or investing in Environmental, Social, and Governance (ESG) factors is gaining ground in the financial markets. Despite the market selloff that punished many sectors, sustainable funds that invest based on factors such as companies’ carbon footprints and workforce diversity attracted new investment in 2022. With a flood of capital chasing greener investments in…
Private mortgage in Canada is a viable option for borrowers who cannot secure traditional financing. However, they come with higher interest rates and fees, making them a more expensive option. Private mortgages in Canada are a type of alternative financing offered by private lenders who are not regulated by the government and do not follow…
Private mortgages are an increasingly popular way for homeowners to access funding for a variety of needs. Private mortgages are loans made by private individuals or organizations, rather than traditional financial institutions like banks. While private mortgages can be a useful option for those who cannot qualify for traditional financing, they come with their own…
Mortgage rates, as of March 2023, in America have soared back above 7%, which has significant implications for prospective home buyers. At this rate, buying a median home in the US would require a down payment of $93,540 and a monthly mortgage payment of $2,514 on a $467,700 property. The current scenario of mortgage rates…
Here are Top Stocks for Passive Income in 2023, if you are looking for ways to earn passive income through stocks? Investing in stocks that pay high dividends can be an excellent way to generate a steady stream of income without having to actively manage your investments. In this article, we’ll explore the top 10…
In the aftermath of the financial crisis, life insurers faced a significant challenge due to the fall in interest rates. As a result, they raised costs for policyholders, which included long-time customers. However, these companies are now giving partial refunds to tens of thousands of their customers to settle a wave of lawsuits that were…