$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Every time a significant transaction tax has been tried, it has either been gutted or eliminated due to its failure to collect anything close to projected revenue and its impact on capital markets. Got that Bernie? American Communist Presidential hopeful, Senator Bernie Sancers (I-VT) proposed a plan Monday to […]
$WFC Wells Fargo & Co. (NYSE:WFC) shares are extending Friday’s declines in Monday pre-market trading, as analyst downgrades pile on after the bank lowered its net interest income forecast. Firms cutting their rating on Wells Fargo stock to neutral include Goldman, BofA and Buckingham. Shares of Wells Fargo fell about 1.6% Monday, after closing down […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Cyclical sectors outperformed, follow-through buying interest came in on no new catalysts. Boeing (NYSE:BA) and Facebook (NASDAQ:FB) extend losses on familiar story lines Patience is the FOMC’s focus now, signaling that it went too far last year with its 4 rate hikes, so no interest rate hikes likely soon. […]
Demand for loans softened among US businesses and households in Q-4 of Y 2018, while banks tightened lending standards for commercial real estate, according to a survey of bank officers that gave worrisome signs for the economic outlook. The Fed Monday released its Quarterly survey of senior loan officers. The survey also showed banks had […]
US Home Mortgage Activity at 2-Month Highs as Loan Costs Fall Interest rates on 30-year, fixed-rate “conforming” mortgages with balances of $453,100 or less, averaged 5.08% last week, US borrowers filed the most home mortgage applications in nearly 2 months as 30-year home loan costs fell to their lowest marks since early October, the Mortgage […]
METALLA UPDATE: NEW DISCOVERY ON THE SANTA GERTRUDIS GOLD PROPERTY $MTAFF, $AEM Metalla Royalty & Streaming Ltd.(TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) ) updates on its recently acquired 2% net smelter return royalty covering the Santa Gertrudis gold property owned by Agnico Eagle Mines Limited. (NYSE: AEM). Brett Heath, President and Chief Executive Officer of […]
Metalla (OTCQX:MTAFF) Completed the Smelter Return Royalty on the Santa Gertrudis Gold Property (TSXV: MTA) ($MTAFF) (FRANKFURT: X9CP) Metalla Royalty & Streaming Ltd. (TSXV: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce that it has closed its previously announced acquisition of a 2% net smelter return royalty on the Santa Gertrudis gold property located north […]
Student Loan Borrowers Defaults Increase New research shows more than 1-M student loan borrowers each year go into default and nearly 40% of borrowers are expected to default on their student loans by Y 2023. Outstanding education debt in the US has 3X’d over the last decade and now exceeds $1.5-T, posing a greater burden […]
Student Debt Holds Back First-Time Homebuyers US student loan debt has become a significant barrier to home ownership in the United States, as borrowers imperil their finances simply trying to get through college or professional school. About 45-M Americans have student debt, and the average borrower owes more than $30,000, according to the data. More […]
Student Loans Hobble American Millennials Half the Millennials shouldering student loan debt are so desperate to shed the load they would give up voting in the next two presidential cycles to even the balance sheet, a survey showed. In the Credible survey, however, only 13% would give up texting for a year to be debt-free. Here are the […]
Saudi’s Kingdom Holding’s Investment Growth ‘On Hold’ Kingdom Holding’s plan to borrow money to fund new investments is on hold, because owner Prince Alwaleed bin Talal is in criminal detention in Saudi Arabia on anti-corruption charges, according to banking sources familiar with the matter. Kingdom had approached banks to obtain the loan, but the financing […]
Rising Student Debt Hurts Housing and Consumer Spending Rising student loan debt looks to harm the overall US economy, especially home ownership and consumer spending, a top Federal Reserve official said Monday. The rising debt also might erode colleges’ and universities’ ability to elevate lower-income students. New York Fed President William Dudley cited research from […]
US Student Loan Debt, the Price to Parents According to US student loan debt statistics, Americans owe a staggering $1.3-T in student-loan debt, and the average Y 2016 graduate owes $37,172. It goes without saying that the burden of debt can be stressful and worrisome. Unfortunately, the headache of paying back a student loan can […]
US Student Loan Debt Reaches $1.31-T Student loan debt in the United States stands at $1.31-T, far more than Americans’ total outstanding credit card balance of $779-B. The Federal Reserve Bank of New York calculated the numbers and released a report that includes debt data through the end of 2016. Other Key figures in the […]
BRICS Bank the Key to Breaking Stranglehold of USD The New Development Bank (NDB) set up by the BRICS countries, Brazil, Russia, India, China and South Africa, will help break the stranglehold of the USD on global trade, a Brazilian expert said Saturday. “The establishment of the NDB is part of a desire to help […]
Oman’s State Oil (PDO) Raises $4-B or Projects $JPM, $HHBC, $ING The amount raised will be used to finance construction of new facilities Petroleum Development Oman (PDO), the country’s top Oil & Gas exploration and production company, has obtained a $4-B loan from international banks, as low Crude Oil prices strain state finances. The 5-year […]
