Tag: Business | Prograssing.com

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These Are The US Cities Where Graduates Struggle The Most With Student Debt

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8 hours, 32 minutes ago
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With tuition at private colleges routinely eclipsing the $60,000 mark, it’s more important than ever for recent graduates to settle in cities where circumstances allow them to start paying down their massive debt piles as quickly as possible.

Bed, Bloodbath, & Beyond

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2 days, 8 hours ago
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Bed, Bath, & Beyond collapsed in after-hours trading to below $30 per share - the lowest since July 2009 - as yet another retailer hits the wall.

Fed "Stress Test" Results Are Out: Everyone Passes Even As VIX Hits 70

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2 days, 8 hours ago
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Moments ago the Fed released the first phase of its annual stress test which, once again, found that all thirty-four of the US largest banks "passed", exceeding minimum projected capital and leverage ratios under severely adverse scenarios, based on their projected ability to withstand economic shocks, which as Bloomberg notes, shows that "firms are getting the hang of the once-dreaded reviews." The result marks the third straight year all firms cleared the minimum requirements in the exams’ first phase, begging the question just how "stressful" this test truly is.

Amid Cash Crunch, Qatar Sovereign Wealth Fund May Start Liquidating Stock Holdings

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3 days, 7 hours ago
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Since we first highlighted the cash-crunch in Qatar over a week ago, the situation has got notably worse (as liquidity costs rise further, signalling Qatar's financial system is running out of dollars).

Inflation is no longer in stealth mode

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4 days, 8 hours ago
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IHS Markit index shows UK households pessimistic about finances for 2017-208
UK household finances remain under intense pressure from rising living costs
58 percent of respondents expected higher interest rates in 12 months time
Inflation in the United Kingdom currently at near four-year high
Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013
In May consumer spending in the UK fell for the first time in almost four years

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes, The Economic Consequences of the Peace (1919)