Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.
Category: Credit and Debt
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Why Cut Rates in an Economy This Strong? A Big Question Confronts the Fed.
The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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More Tenants Can Now Add Rent Payments to Their Credit Score
Policymakers view the reporting of an on-time pattern as a way to reduce disparities in homeownership.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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War Has Already Hurt the Economies of Israel’s Nearest Neighbors
The impact on global growth of the Middle East violence has so far been contained. That’s not the case for Egypt, Lebanon and Jordan, which were already struggling.
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Lugging Credit Card Debt Into 2024? Now’s the Time to Make a Plan
Most Americans with card debt have not outlined a way to bring it down, a new report says. There are ways to get help.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
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Yellow Rejects a Bid to Restart Trucking Company
In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.”