DETROIT – Michigan’s new auto insurance law is one that many residents have been waiting for due to lower rates, but There are complex decisions drivers must make. The lowest auto insurance rates arrive on Thursday (July 2). Michigan Auto Insurance Changes: What you need to know To reduce insurance …
Read More »Here are the 10 companies that will most benefit from Federal Reserve debt purchases.
Brooks Kraft / Getty Images The Federal Reserve plans to buy debt from nearly 800 companies, however, the top 10 beneficiaries are slated to represent 15% of central bank purchases. The Secondary Market Corporate Credit Mechanism shifted from credit ETFs to the purchase of individual bonds in mid-June and aims …
Read More »Banks too big to fail are mostly a thing of the past, regulators say
LONDON (Reuters) – Reforms to the global financial system following the banking crisis of a decade ago have reduced the risk that taxpayers will have to bail out lenders again, but some gaps have yet to be closed, the Board of Directors said Sunday. Financial Stability (FSB). FILE PHOTO: Office …
Read More »Asian markets drop as coronavirus numbers hit grim milestones
Shares fell in Asia on Monday, tracking losses on Wall Street as rising virus cases cause some US states to backtrack on pandemic reopens. Nikkei 225 NIK from Japan, -2.29% sank 1.8% and the Hong Kong Hang Seng HSI Index, -1.23% fell 1.2%. The SHCOMP composed of Shanghai, -0.60% fell …
Read More »Great tobacco, great oil and Buffett join the Fed portfolio
WASHINGTON (Reuters) – The United States Federal Reserve bought $ 428 million in bonds from individual companies through mid-June, making investments in names known as Walmart and AT&T, as well as in major oil companies, tobacco giant Philip Morris. International Inc and a utility subsidiary of billionaire holding Warren Buffett’s …
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