Mar 18, 2024 | Markets
NY Fed survey finds rising demand for consumer credit broadly About a third think they’ll get rejected to refinance mortgage Americans increasingly doubt they’ll get approved for a loan to buy a car or refinance a mortgage, according to a survey conducted by the...
Mar 18, 2024 | Markets
Unlike past cycles, debt costs rose more than interest income Burden of interest falls hardest on lower-wealth households When the Federal Reserve raises interest rates, US households — in aggregate — usually get a boost to interest income that outweighs the extra...
Mar 18, 2024 | Markets
Move follows surge in capacity, competition across industry Analysts see potential rebound by late 2024 on consolidation China’s Longi Green Energy Technology Co., the world’s largest solar manufacturer, is cutting almost one-third of its staff to slash costs in an...
Mar 18, 2024 | Markets
Economy seen as stabilizing but consumer demand remains weak Production, investment strength may delay stimulus: economists China’s strong factory output and investment growth at the start of the year raised doubts over how soon policymakers will step up support still...
Mar 14, 2024 | Markets
Headline retail sales, industrial output growth seen slowing Faster growth will be needed for rest of 2024: ANZ’s Yeung China’s economic activity was likely mixed at the start of the year with property remaining a major drag, raising doubts about the nation’s ability...
