NYCB's stock crash shows the peril of a bank growing too fast

Tech Insider
nycb new york community bancorp

AP Photo/Richard Drew

Americans are feeling the most optimistic about the mortgage market since the Fed started hiking rates

Tech Insider
Sales, inventory, and construction are picking up in the US housing market after months of being battered by sky-high mortgage rates.
Sales, inventory, and construction are picking up in the US housing market after months of being battered by sky-high mortgage rates.

Martin Barraud/Getty Images

Russia's wartime economy is flush with resources and is weathering Western sanctions, European economist says

Tech Insider : Economy
Vladimir Putin smile

Reuters

China's housing bust is happening at 'a historically rapid pace' only seen in the worst collapses of the last 3 decades

Tech Insider : Economy, Economy
Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.
Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.

VCG/Getty Images

Office-to-residential conversions have surged 357% since 2021 as billions in commercial mortgages come due

Tech Insider
New York City skyline
The number of offices being converted into residential properties has skyrocketed since 2021.

CHARLY TRIBALLEAU/AFP via Getty Images

Stocks will drop, soaring US debt is worrying — and Elon Musk is overpaid, says elite investor Leon Cooperman

Tech Insider : Economy
Leon Cooperman
Leon Cooperman.

Rick Wilking/Reuters

From hiking in the Alps to snorkeling in Hawaii, it's never been a better time to be a DINK

Tech Insider : Economy
A couple drinks wine while a couple with kids walks past
More and more Americans see being a DINK as the key to a new American dream of financial stability, freedom of choice, and a comfortable retirement.

Andrea Chronopoulos for BI

Elizabeth Johnson and her husband hit the vacation circuit hard in 2023.

Investors are hoping the power of Xi's personal attention will rescue China's floundering markets

Tech Insider : Economy, Economy, Politics
Chinese President Xi Jinping waves
Chinese President Xi Jinping.

REUTERS/Brittany Hosea-Small

Younger Americans are falling behind on credit card and car payments, New York Fed says

Tech Insider : Economy, Economy
  • Total consumer debt swelled to $17.5 trillion in Q4, a $212 billion jump from the previous quarter.
  • Delinquencies are rising among younger borrowers in particular, the New York Fed said. 
  • Younger borrowers have surpassed pre-pandemic levels of credit card delinquencies. 

Younger Americans are falling behind on paying credit card and auto loans, with the rate of late payments rising above pre-pandemic levels in the last quarter, the New York Federal Reserve said in a report. 

China's economy is at risk of a brutal 'debt-deflation spiral'

Tech Insider : Economy, Economy
China economy, daily life, Beijing policymakers
China's economy is facing a housing recession, stock market downturn, and deflation.

Kevin Frayer / Getty

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