More than 1m face mortgage strife
More than a million home owners will struggle with mortgage stress if interest rates were to rise just three percentage points.
More than a million home owners will struggle with mortgage stress if interest rates were to rise just three percentage points.
Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days.
US stocks climbed as financial companies rallied, economic data beat expectations and corporate earnings continued to show profit growth.
So far the messy start to the Trump administration has not even touched on the corporate and economic agenda that matters most to corporate America.
Wall Street's main stock indexes rose to fresh all-time closing highs on Friday with renewed optimism about Donald Trump's economic agenda.
China bond futures turnover quadrupled between October and December.
Options for older house owners to tap into home-equity have more than halved in the past 12 months but that may be about to change.
Apple has become the second cash-rich tech giant to sell debt this week despite prospects of a US repatriation-tax holiday.
Jackie Hunt, who oversees Pimco at Allianz, has exactly the response you'd expect from a trained accountant.
This research may deal yet another blow to the active fund management industry.
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