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Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high

Tue, 08/22/2023 - 06:32

Tech Insider : Economy, Economy

A new housing development in Waldorf, Maryland. — A new housing development in Waldorf, Maryland.
Benjamin Tankersley/Getty Images

economy, economy, Markets, Housing, us-housing-market, house-prices, housing-affordability

America's consumer-debt stress is mounting - mortgage rates top 7%, credit-card liabilities hit $1 trillion, and now auto-loan defaults are on the rise

Tue, 08/22/2023 - 05:18

Tech Insider : Economy, Economy

car dealer — The old-fashioned way to buy a car.
REUTERS/Carlos Barria

economy, economy, us-economy-and-markets, auto-loans, Automotive, consumer-credit, Loan

Nobel economist Paul Krugman mocks Republican candidate Vivek Ramaswamy as ignorant on economics

Mon, 08/21/2023 - 08:50

Tech Insider : Economy, Economy, Politics

Republican presidential candidate Vivek Ramaswamy, speaks during the annual Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on March 03, 2023 — Republican presidential candidate Vivek Ramaswamy speaks during the annual Conservative Political Action Conference (CPAC) on March 03, 2023.
Anna Moneymaker/Getty Images

economy, economy, paul-krugman, vivek-ramaswamy, Markets, politics, Economics

Global stock markets have been buoyed by 'stupid' people ignoring China and Russia risks, veteran investor says

Mon, 08/21/2023 - 05:39

Traders work the floor of the New York Stock Exchange on May 25, 2023, in New York City. — Traders work the floor of the New York Stock Exchange on May 25, 2023, in New York City.
TIMOTHY A. CLARY/AFP via Getty Images

Markets, mi-exclusive, Markets, stock-market-outlook, stock-market-analysis, us-economy-outlook, Stocks

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