‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
admin The mortgage industry is struggling with higher rates and a sharp drop in buyer demand.…
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Zillow sees peak rent growth as over, but that isn’t what the Fed’s tracking
A look at Zillow Group’s closely followed rent index shows that last year’s roughly 17%…
Read More6 in 10 people with credit-card debt say they’ve owed money for at least a year
Nearly half of all credit-card users say they’re carrying debt each month — and 60%…
Read MoreIn rare sit-down, Nobel Prize–winning economist Peter Diamond sees ‘significant power shift from employers to workers’ underway
Peter Diamond, winner of the Nobel Prize in economics in 2010, has shied away from…
Read MoreWill the economy get worse? Consider raising your credit limit before it does.
Relying on a credit limit in a shaky economy is the equivalent of expecting a…
Read MoreGold heads higher, a day after settling at a more than 2-year low
Gold futures climbed on Friday, after a report on U.S. consumer sentiment showed that inflation…
Read MoreU.K. retail sales fall more than forecast in August as cost-of-living crisis hit spending
Retail sales in the U.K. declined in August as falling households’ real incomes due to…
Read MoreU.S. retail sales rebound as Americans spend more at car dealers and restaurants
The numbers: Sales at U.S. retailers rose 0.3% in August as Americans spent more on…
Read MoreAmazon hit with antitrust lawsuit from California, which claims seller rules are increasing consumer prices
California is suing Amazon.com Inc., claiming the e-commerce giant’s policies for those who sell on…
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Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury…
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