March 20, 2023
Silicon Valley, Signature Bank Collapses Signal ‘Butterfly Effect’ on Paycheck-to-Paycheck...
The old adage is that a butterfly flaps its wings, and eventually, there’s a hurricane, far away. We may see the Butterfly Effect, as it’s known, play out in the...
March 17, 2023
High-Income Paycheck-to-Paycheck Households Fare Better Despite Economic Pressure
Not immune to macro headwinds materializing as inflated costs, reduced savings, and lower investment values, high-income consumers are making lifestyle changes as are others, while still standing apart in some...
March 15, 2023
Homebuilders Confident in Demand but Worried About Banking Crisis
Despite high construction costs and interest rates, U.S. homebuilders are confident in their industry. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed confidence among...
March 15, 2023
iPhone Producer Foxconn Forecasts Weakening Device Demand
Apple’s chief iPhone supplier will increase investments outside of China as consumer electronic demand weakens. Foxconn, the world’s largest contract electronics manufacturer, released earnings Wednesday (Mar. 15) that projected flat revenue for...
March 13, 2023
Federal Home Loan Banks Raising Funds to Support Regional Institutions
The Federal Home Loan Banks system aims to raise $64 billion to support regional institutions. The system — which gives private regional banks a way to access short-term funding without...
March 13, 2023
FDIC Moves SVB Deposits to National Bank of Santa Clara
Federal regulators have transferred all deposits from the failed Silicon Valley Bank to a new “bridge bank.” The Federal Deposit Insurance Corporation (FDIC) said in a news release that all...
March 12, 2023
Regulators Say Silicon Valley Bank Depositors Will Be Covered
Federal regulators have thrown Silicon Valley Bank (SVB) customers a lifeline. Officials from the Federal Reserve, Federal Deposit Insurance Corporation and the U.S. Treasury announced Sunday (March 12) that depositors...
March 10, 2023
Credit Building Programs, Cooler Rental Market Aid Renters Seeking to...
Although the real estate market remains too hot for some first-time buyers, rental prices are finally sinking. This is according to CoreLogic’s recently released Single-Family Rent Index, which analyzes rental prices...
March 10, 2023
70% of Gen Z Believes Home Ownership out of Reach
Housing prices are coming down from their astronomical highs, but it may not be enough. Earlier this week, Corelogic released its monthly U.S. home price insights, analyzing the housing market...
