Home Equity Loans Could Supercharge the U.S. Economy
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Freddie Mac's Proposal Is A Game Changer for the U.S. Economy and Homeowners
Imagine pumping nearly $1 trillion into the U.S. economy without adding a cent to the national deficit.
Rising Interest Rates Push Homebuyers Toward Adjustable Rate Mortgages
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
Yellow Trucking Repays Contentious $700M Covid Loan Amidst Bankruptcy Fallout
Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.
Record Online Spending and the 'Buy Now, Pay Later' Trend
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
US Pending Home Sales Hit Record Low in October Due to Mortgage Rate Spike
In October, signed contracts to buy previously owned homes in the U.S. plummeted to a record low due to surging mortgage rates, with the National Association of Realtors reporting a 1.5% decline in its pending home sales index, the lowest since its inception in 2001.
Major Economic Concerns Amid Record Thanksgiving Shopping Weekend
A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.
Financial Expert Dave Ramsey Warns Against Using HELOCs for Debt and Home Equity Access
Dave Ramsey, a financial expert, is concerned about the growing trend of homeowners using home-equity lines of credit (HELOCs) to access their home equity for various purposes, such as buying additional property or paying down consumer debts.
Record $1 Billion Loan Considered by U.S. for Nevada's Massive Lithium Mine
The U.S. Energy Department is currently engaged in discussions to potentially provide a record-breaking $1 billion loan to the developer of one of the largest lithium deposits in the United States.
Auto Workers' Strike Puts Small Suppliers at Risk With Heightened Financial Strain
The ongoing United Auto Workers' strike against major automakers is significantly impacting small suppliers, with some at risk of shutting down due to the disruption.
IRS Suspends Processing of Small Business Tax Break Due to Surge in Questionable Claims
IRS Commissioner Danny Werfel has ordered the immediate suspension of new claims for the employee retention credit (ERC), a pandemic-era small business tax break, due to a surge in questionable claims.
Tesla Seeks Funding for Megachargers
Tesla is planning to revolutionize the charging infrastructure for its fully electric long-haul trucks in the US.
Leasing is a Pathway for Fleets Interested in Electric Vehicles
Leasing companies are offering fleets a pathway to enter the electric vehicle (EV) space and adopt new technologies without the need to invest in their own trucks.
Large Companies Face Limits on Delaying Payments
According to recent working capital research by The Hackett Group, the largest US companies are finding it increasingly difficult to extend payments to suppliers, indicating a potential ceiling on the practice of supplier payment terms optimization.
Congressional Report Highlights Problems with Yellow Corp.'s $700 Million Loan
A Congressional report released on Tuesday revealed significant problems with the Treasury Department's $700 million loan to Yellow Corp. as part of a COVID-19 relief program in 2020.
$1 Billion SPAC Deal Highlights Industry Shift
Appian Capital Advisory has successfully sold the Santa Rita nickel mine and Serrote copper-gold project in Brazil for a total of $1.065 billion.
Expectations of Further Rate Hikes in 2023
Federal Reserve officials expect to raise interest rates further this year to combat excessive inflation in the United States, according to Chair Jerome Powell.
Toyota Shareholders Reject Climate Change Performance Proposal
Shareholders at Toyota's annual general meeting rejected a proposal initiated by AkademikerPension, a Danish investment fund, calling for the automaker to improve its efforts in fighting climate change.
Unraveling the Billions Lost in COVID-19 Relief Funds
The COVID-19 relief funds intended to combat the pandemic and stabilize the economy became the target of the greatest grift in U.S. history.
Corporate reports reveal extensive reliance on supply chain financing
U.S. corporate bankruptcies are on the rise in 2023, reaching their highest level since 2010.