Por: RTTNews Business October 10, 2022
Fitch Ratings said the UK is set to enter deep recession as rapid interest rate hikes compound the impact of the energy crisis and the contraction in the eurozone.Following extreme volatility in UK financial and the prospect of sharply higher interest rates, the rating agency downgraded its GDP forecast for next year to -1.0 percent from -0.2 percent projected in September. The economy is expected to recover next year to 1.8 percent.The policy... + full article
MarketWatch USA Business October 12, 2022
“Smaller players such as real-estate tech startup Reali and Sprout Mortgage have shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy,” a Fitch team led by Shampa Bhattacharya, director for non-bank financial institutions, wrote . “LoanDepot exited... + más
Fitch cuts outlook for UK rating to 'negative' from 'stable' | CNN
What is a good mortgage refinance rate? | CBS News
Forbes USA Business October 08, 2022
Topline The Federal Reserve's interest rate hikes further tanked the housing and stock markets this week, but signs that the job market may not be cooling quickly enough could mean the economy has much more to lose before decades-high inflation subsides—feeding concerns... + más
Man slaps bear to protect family in heart-pounding video | Newsweek
When Will The Bear Market End For Stocks? | Forbes
Orlando Sentinel USA Business October 07, 2022
TALLAHASSEE — With Hurricane Ian bringing massive storm surge and inland flooding, Floridians could have up to $16 billion in uninsured flood losses, according to an analysis by CoreLogic, a property analytics firm. CoreLogic released a projection Thursday of $10 billion to... + más
Hurricane Ian deals a devastating blow to the uninsured | CNN
Hurricane Ian uninsured, insured damages estimated between $41-70B | Fox Business
CNN USA Business October 06, 2022
Ratings agency Fitch lowered the outlook for its credit rating for British government debt to “negative” from “stable” on Wednesday, days after a similar move from rival Standard & Poor’s following the government’s Sept. 23 fiscal statement. “The large and unfunded... + más
How the 55% plunge in mortgage originations is hitting nonbanks: Fitch | MarketWatch
Fitch Sees UK Slipping Into Deep Recession On Sharp Rate Hikes | RTTNews
Forbes USA Business October 06, 2022
Getty Images Key Takeaways When the Fed raised interest rates by 0.75% at the September meeting, many analysts were concerned that the move would bring the economy into a recession. A soft landing was no longer the likely outcome, since it has become obvious that inflation... + más
How Long Do Recessions Last? When Are They Over? | Forbes
What Does A Recession Mean For Me? And What Are The Best Places To Invest Money Right Now? | Forbes
Forbes USA Business October 03, 2022
Getty Images Key Takeaways As we head towards 2023, many experts are predicting a . Even though the experts can’t agree on whether or not we will see a recession, many are predicting at least a slowdown in economic growth. When a recession is on the horizon, investors can’t... + más
What is 'recession fatigue' and how to combat it | ABC News
Forbes USA Business September 24, 2022
Getty Images Key Takeaways In December 2007, the U.S. entered its worst economic slowdown since the Great Depression. Commonly known as the 2008 recession or the Great Recession, this event altered the course of millions of Americans’ lives. The 2008 recession was a long one,... + más
US economic barometer drops for sixth month in a row, potentially 'signaling a recession' | CNN
EXPLAINER: How do we know when a recession has begun? | ABC News
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