Senate Majority Leader Chuck Schumer (D-NY) surprised and pleased longtime critics of his frequent role as Wall Street’s man in Washington by stepping up to his new job and becoming an effective floor leader for President Biden’s expansive progressive programs. However, when it comes to insider deals for the financial industry, Schumer can still be
The business of banking has become tougher in the last few years. Rising interest rates mean banks have to pay depositors more interest, and many banks have a lot of risky loans on their balance sheets — especially commercial real estate loans. But big banks have other lines of business that’ve been doing well lately.
SPOKANE, Wash. —With rising inflation comes higher mortgage rates, making it harder for Washington homebuyers to find a house they can afford. This appears to be a better time for sellers, not buyers. With rising inflation, mortgage interest rates have increased as well. It is becoming harder for people looking to purchase a home to
I’m all for finding ways to make extra money, but I don’t love when financial experts recommend taking on a side hustle without explaining how to fit it into your schedule. Sure, a second gig can help you pay down debt or grow your savings, but it can also be draining. Who has the time and energy
CHARLESTOWN — Next year’s spending plan for Charlestown includes money to pay for new positions in the tax assessor’s office and at Ninigret Park and to fund a new contract between the town and the local ambulance service. The Town Council dug into the Budget Commission’s proposed $29.2 million budget at a three-hour special meeting
Greg Guyett oversees a broad range of businesses as the chief executive of HSBC’s global banking and markets unit, a role he took on in October 2022, just before rivals started making deep job cuts. But he’s looking to grow most of these businesses including investment banking, securities services and transaction banking, he told Financial News in a wide-ranging interview.
The U.S. housing market is facing unusual times. Mortgage rates are at their highest levels in years, precluding some buyers from entering the market. At the same time, the nationwide supply of houses remains tight. If you’re contemplating a move in the midst of these unusual market dynamics, here are five steps that can help
Small businesses and nonprofits in 57 Missouri counties can now apply for low-interest federal disaster loans from the U.S. Small Business Administration through the Office of Disaster Recovery. The offer comes after the U.S. Secretary of Agriculture declared the drought in the Midwest an agricultural disaster on March 25. The loans are intended to offset
Inflation and concerns by insurers about possible increased liability expenses helped lead to a double digit increase in the county’s property and liability insurance premium. The Williams County commissioners met Thursday with Russ Davies of CORSA (County Risk Sharing Authority) for an update on the coverage, which is due for renewal in a couple of
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