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The New FICO Score Changes Could Impact the Credit Cards You Qualify ForJan 23, 2020 - 10:27:21 PST
The FICO 10 scoring model is slated for a summer release and could cause your credit score to drop 20 points as the model looks at past debt and balances.
The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies.
Just 40 percent of Americans could pay an unexpected $1,000 expense, according to a survey from Bankrate.
The fast-spreading infection prompted local authorities to quarantine several major cities and cancel Lunar New Year's events in Beijing.
The ECB must ditch negative interest rates because they are increasing inequality and damaging society, Deutsche Bank Chief Executive Christian Sewing said.
Lagarde: We expect ECB interest rates to remain at present or lower levels - Lagarde: We expect ECB interest rates to remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but...
"Probably nothing..."
“We’ve seen this movie before, and it doesn’t end well.”
...a slowing global economy could spark a selloff in risky corporate debt, they say, and have been looking to give themselves more flexibility should things go south.
Hedge Fund Giant Klarman 'Rocket Fuel' Feeding Rally Will Soon 'Run Out'Jan 23, 2020 - 06:58:01 PST
Billionaire hedge fund manager Seth Klarman is warning this rally that has taken stocks to record highs could end pretty soon.
Somebody do something!
The White House has started work on a second round of tax cuts even as the budget deficit continues to grow, Treasury Secretary Steven Mnuchin said Thursday.
Rick Rule talked with David Lin of Kitco News at the Vancouver Resource Investment Conference. Rule is the senior managing director at Sprott Inc., and he's bullish on gold. During this discussion, Rule explains why, touching on a range of subjects including the Federal Reserve, the trade war, the US dollar, the bond market and more.To kick off the interview, Lin points out that gold has been rather range-bound since the price spiked in the wake of tensions in the Middle East. Rule said this is a sign of a healthy gold bull market.
The New York Federal Reserve on Thursday accepted all $30.0 billion 14-day bids from primary dealers at a repurchase agreement (repo) operation, a move intended to keep the federal funds rate within the target range.
Central banks are not equipped to make these decisions, & their involvement could create a moral hazard, making things worse.
“If you push it too close to zero, you have little room to go if the need arises,” J.P. Morgan’s Jacob Frenkel said.
With global debt set to exceed $257 trillion in the first quarter of 2020, the head of the Institute of International Finance (IIF) has warned that "white elephants" in emerging markets could pose a problem.
China Central Bank to Lower Funding Costs, Prevent Debt & Inflation RisksJan 23, 2020 - 05:52:40 PST
The central bank will continue to lower financing costs for the economy, but it must prevent leverage ratios from rising & should also consider inflation pressure...
China has become the world's major trading partner – and now, 128 of 190 countries trade more with China than they do with the United States.
Watch ECB's Lagarde on Greenwashing Central Bank Policy Will Save EuropeJan 23, 2020 - 05:38:13 PST
Having kept rates unchanged and done nothing to signal a slowdown in money-printing malarkey, most investors eyes and ears will be glued to ECB President Lagarde's 'strategic review'...