Rich interests have thrived during the pandemic. The CARES Act authorized billions in expenses to support wealthy individuals and corporations. Most of the money was used to guarantee the liquidity of banks and hedge funds, back corporate balance sheets, and buy debt to save commercial loan markets. Overall, 82% of …
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Fewer Americans now have agreements with their mortgage servicers to skip their monthly payments. Getty Images / iStockphoto Fewer than 4 million homeowners in the US skip their mortgage payments, according to new estimates by the Mortgage Bankers Association released Monday. The business group reported that only 7.8% of mortgage …
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Clearly, it’s good to be in tech this year. Banks, not so much. The proof is in this tweet from the CEO and co-founder of Roundhill Investments, Will Hershey, who presented the most important winners and losers in the stock market so far this year. As you can see JPMorgan …
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Text size The second-quarter earnings season speeds up this week, with 78 S&P 500 companies on deck to report. Halliburton and IBM publish their results first on Monday, followed by Coca-Cola, Lockheed Martin, Texas Instruments and United Airlines on Tuesday. Tesla, Microsoft and Chipotle Mexican Grill are the best moments …
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Text size Peter Foley / Bloomberg Bigger banks have reported profits, and investors can be forgiven if they are unsure where the opportunities are now. The answer may lie in how much uncertainty they are willing to accept. Analysts warned that the quarter would be “sloppy” and “confusing,” and banks …
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