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Mortgage debt in US exceeds 2008 financial crisis peak

6 days ago DieselGasoil Comments Off on Mortgage debt in US exceeds 2008 financial crisis peak
US mortgage debt has hit a record in the second quarter of 2019, exceeding the peak it reached during the 2008 financial crisis. However, delinquencies are lower and debt defaults have become less frequent than in 2008. Mortgage balances rose by $162 billion in the second quarter of 2019 to $9.406 trillion, surpassing the figure Read More

Past-due student loans, credit card debt could weigh on U.S. growth

6 days ago DieselGasoil Comments Off on Past-due student loans, credit card debt could weigh on U.S. growth
NEW YORK (Reuters) – More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. Read More

Market weighs risk of negative U.S. Treasury yields

1 week ago DieselGasoil Comments Off on Market weighs risk of negative U.S. Treasury yields
(Reuters) – Traders and analysts are considering whether U.S. bond yields would fall below zero as a record amount around the world sank into negative territory this week. The question has become a talking point, and less hypothetical, this week as the U.S. 30-year Treasury bond yield reached the brink of breaking to record lows. Read More

Murdoch’s Fox Corp to buy fintech Credible Labs in $397 million deal

2 weeks ago DieselGasoil Comments Off on Murdoch’s Fox Corp to buy fintech Credible Labs in $397 million deal
SYDNEY (Reuters) – U.S. broadcaster Fox Corp (FOXA.O) on Monday agreed to buy Credible Labs Inc (CRD.AX) in a deal valuing the online finance broker at $397 million, as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney. FILE PHOTO: Lachlan Murdoch, co-chairman and chief executive officer Read More

China’s credit push to small firms falters in factory heartland

4 weeks ago DieselGasoil Comments Off on China’s credit push to small firms falters in factory heartland
(Reuters) – China’s campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks’ reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills. An employee works at the factory of Guangdong LiShun Yuan Intelligent Automation Co, Read More

Your Money: Families need to brush up on student loan literacy

4 weeks ago DieselGasoil Comments Off on Your Money: Families need to brush up on student loan literacy
NEW YORK (Reuters) – For Americans worried about the escalating price of a college education, here’s good news: Tuition for the typical family barely budged in the past year, following years of out-of-control U.S. tuition inflation. FILE PHOTO: A graduating student waits to cross the street before Commencement Exercises at the Massachusetts Institute of Technology Read More

BlackRock profit misses estimates, hit by lower fees for lending stocks

1 month ago DieselGasoil Comments Off on BlackRock profit misses estimates, hit by lower fees for lending stocks
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager, took in less cash last quarter as investors moved into lower-cost bond funds, and it made less money lending out stocks. The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai The company, manager of Read More

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes – sources

1 month ago DieselGasoil Comments Off on Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes – sources
BEIJING/SHANGHAI (Reuters) – Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance (601318.SS), plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters. FILE PHOTO: A sign of wealth management platform Lufax is seen during an expo Read More

ClearStream Announces Completion of Previously Announced Strategic Acquisitions and Concurrent Equity and Debt Financings

2 months ago DieselGasoil Comments Off on ClearStream Announces Completion of Previously Announced Strategic Acquisitions and Concurrent Equity and Debt Financings
CALGARY, Alberta, June 28, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Corporation”) (TSX: CSM) is pleased to announce the completion by its wholly-owned subsidiary, ClearStream Energy Holdings LP (“CEHLP”), of its previously announced acquisition of certain assets of the production services division (the “Production Services Business”) formerly operated by AECOM Production Read More