New York Fed finds big slowdown in new mortgage creation in first quarter
By Michael S. Derby NEW YORK (Reuters) -Americans’ appetite for taking on new mortgages slowed substantially during the first quarter,…
Economy
Former Silicon Valley Bank CEO says rate hikes, withdrawals sank firm
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Greg Becker, former CEO of failed lender Silicon Valley Bank, apologized in…
Oil gains over 1%, ends losing streak on tightening supplies
By Shariq Khan BENGALURU (Reuters) -Oil prices rose a dollar a barrel on Monday after three straight sessions of declines,…
Explainer-Biden’s budget vs. Republican debt ceiling bill on spending, deficits, taxes
By David Lawder WASHINGTON (Reuters) -President Joe Biden’s administration and Republicans in the U.S. Congress are in talks to end…
US dollar retreats from five-week high as debt ceiling stalemate weighs
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from a five-week high on Monday, as investors consolidated gains…
Republicans reject White House tax loophole proposal in debt talks -WaPo
WASHINGTON (Reuters) – The White House last week gave Republican lawmakers a list of proposals to reduce the deficit by…
Bank of Mexico seen holding interest rate after nearly two years of hikes – Reuters poll
MEXICO CITY (Reuters) – The Bank of Mexico is expected to hold the country’s benchmark interest rate on Thursday, halting…
‘Big Short’ investor Burry bet on regional banks in first quarter
By David Randall NEW YORK (Reuters) – Hedge fund manager Michael Burry, who rose to fame with his bets against…
Fed monetary policy mechanics would be tested by US debt default
By Michael S. Derby NEW YORK (Reuters) – A default on U.S. Treasury debt would be a leap into the…
Mexico asks Texas to halt costly cargo inspections; will file USMCA complaint
MEXICO CITY (Reuters) – Mexico’s economy ministry is urging the U.S. state of Texas to remove inspections of cargo crossing…