Americans' debt load shrinks most in seven years

Fox Business Flash top headlines for August 4 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. American consumer debt shrank for the first time in six years because of lackluster consumer spending during the COVID-19 pandemic and resulting lockdowns, according to data gathered by the Federal Reserve Bank of […]

Read more

Fannie Mae and Freddie Mac Are Ditching LIBOR

Home mortgage giants Fannie Mae and Freddie Mac, as the Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corp. (FHLMC) are commonly called, have announced that they will stop purchasing adjustable-rate mortgages tied to the London Interbank Offered Rate (LIBOR) after 2020. Meanwhile, both Fannie and Freddie indicate […]

Read more

Philippine GDP Falls At Fastest Pace Since 1981

The Philippine economy entered a recession in the second quarter after the gross domestic product contracted at the fastest pace since 1981 as the lockdown to contain the spread of the coronavirus weighed on economic activity causing millions of job losses. Gross domestic product fell 16.5 percent on a yearly […]

Read more

Who needs a will?

Ditch pride, ego and make money: Charles Payne FOX Business’ Charles Payne says not having an open mind in the stock market does more harm than good. Belpointe Asset Management chief market strategist David Nelson later says the industrial sector offers smart investments. The sudden onset of the coronavirus pandemic […]

Read more
1 2 3 29