There have been a growing number of stories in the news about homeowners suing their former mortgage brokers over the loan that they were given. Lawyers, as usual, are seeking Read more
Tag: Crisis
Apple stock drops toward 18-month low, heads for worst year since the financial crisis
Shares of Apple Inc. dropped 2.8% in midday trading Wednesday, to put them on track for a fourth-straight decline and the lowest close in 18 months. The technology behemoth’s stock Read more
Caregiver burnout is a crisis. This new state program has one way to help.
In the wake of the pandemic, which saw families take on extra caregiving duties, Maine launched a $5.1 million program to provide caregivers a much-needed break. The program, called “Respite Read more
German industry expanded in September, despite slowdown in demand, energy crisis
Germany’s industrial production rose in September, beating expectations even as demand for goods moderated and factories grappled with high energy prices and supply bottlenecks. Total industrial output–comprising production in manufacturing, Read more
‘We are facing a retirement crisis in our country,’ says head of TIAA, as ‘40% of Americans run the risk of running out of money’
“ ‘We are facing a retirement crisis in our country’” — Thasunda Brown Duckett, president and CEO of TIAA That’s CEO of TIAA Thasunda Brown Duckett, who oversees some $1.2 Read more
The first ‘truly global energy crisis’ is here, says International Energy Agency chief
“‘The world is in the middle of its first truly global energy crisis.’” — Fatih Birol, executive director, International Energy Agency That observation comes from Fatih Birol, executive director of Read more
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of Read more
How high will rates go? This chart shows expectations for central bank policy rates.
The inflation fight by central banks isn’t even close to over yet, according to Jumana Saleheen, Vanguard’s European chief economist. That means markets likely remain vulnerable to additional shocks, like Read more
‘This is not QE or QT. This is none of those.’ Why the U.S. Treasury is exploring debt buybacks
The U.S. Treasury Department on Friday said it plans to start talking with primary dealers in late October about the potential for it to begin buying back some of its Read more
Long COVID is a ‘very serious’ crisis, says head of WHO as he urges world leaders to act now
The head of the World Health Organization made his strongest comments yet about the devastation being caused by long COVID and urged world leaders to launch immediate and “sustained” efforts Read more