Washington, DC CNN — The chair of the Federal Deposit Insurance Corporation wants more aggressive oversight of large regional banks. Martin Gruenberg
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US gas prices climb to highest level in nearly 10 months
New York CNN — Pump prices are creeping towards $4 a gallon nationally. The national average for regular gasoline hit $3.85 a
Country Garden stock reaches record low, Chinese property giant flags loss of up to $7.6 billion as it nears default
Hong Kong CNN — One of China’s biggest property developers says it has burned through up to $7.6 billion in the first
Mortgage rates rise to just short of 7%
Washington, DC CNN — US mortgage rates remained elevated this week, rising for the third week in a row, but stayed just
Moody’s warns it could cut credit ratings of 6 big US banks
CNN — Moody’s has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and
Millennials powered America’s homeownership boom
Washington CNN — Prior to the pandemic, Yue and Chris Parsons were, like many Millennials, reluctant renters moving from one apartment to
Global food prices bounce following collapse of Black Sea grain deal
London CNN — Global food prices ticked up last month after Russia pulled out of a deal to allow the safe passage of
Asian markets tumble as Fitch downgrades US debt rating
Hong Kong CNN — Asian markets fell broadly Wednesday after ratings agency Fitch downgraded its US debt credit rating from the highest
Fitch downgrades US long-term credit rating to AA+ from AAA
CNN — Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration
Middle-income Americans think prosperity is within reach
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