Latest News From The World
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Each of the major indexes fell more than 2 percent shortly after the open, sending the S&P 500 and Nasdaq … Read entire story.
The first quarterly earnings reports since the collapse of oil prices are in and the numbers show a significant deterioration in profits for the oil majors. Royal Dutch Shell went first on January 29, revealing a big jump from the same quarter a year ago, but down from the third quarter …
WASHINGTON (AP) — Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year.
I have a number of threads to write about today but I am going to make this a mono-themed post and save the other themes for future days. One thing I did want to flag is Willem Buiter’s recent piece called “The Simple Analytics of Helicopter Money: Why It …