By Swati Bhat and Nupur Anand MUMBAI (Reuters) – Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki (NS:) dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning – not a single customer was in sight.Read More →
MarketWatch photo illustration/Getty Images Will more information help borrowers navigate college costs and student loans? With the growth in student loans continuing to soar, politicians and borrowers struggling with an issue that’s become both a financial and political problem. Presidential candidates are proposing to cancel student debt and make publicRead More →
Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgagesRead More →
The business environment is deteriorating — fast. That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gaugeRead More →
This is the first in a six-part series of stories about programs that offer high-school students the opportunity to take college classes. The series was produced with support from the Education Writers Association Reporting Fellowship program. (Read part two here.) There’s not much Barack Obama and Betsy DeVos see eye-to-eyeRead More →
‘Many [CEOs behind the financial crisis] still have influential roles in shaping the economy today. But we’re the crazy ones for wanting to tax ’em, right?’ Rep. Alexandria Ocasio-Cortez That’s a snapshot of a Saturday tweet from Rep. Alexandria Ocasio-Cortez and it’s not the first time, nor likely the last,Read More →
Getty Images Angelo Mozilo, founder and former CEO, Countrywide Financial Corporation, testifies during a House Oversight and Government Reform hearing on Capitol Hill March 7, 2008 in Washington, DC. Angelo Mozilo is done being the villain. Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgracedRead More →
© Reuters. FILE PHOTO: Picture of Canadian and Chinese flags taken prior to the meeting with Canada’s Prime Minister Justin Trudeau and China’s President Xi Jinping at the Diaoyutai State Guesthouse By David Ljunggren OTTAWA (Reuters) – Canada is leaning on the United States to help settle a dispute withRead More →
MarketWatch rounds up 10 of its most interesting topics over the past week. 1. Lyft beats Uber to the market — now be careful Lyft LYFT, +8.74% priced its initial offering at $72 a share, and late Friday morning the shares began trading at $87.24 — a 21% increase thatRead More →
In the wake of the global financial crisis, extremist “populist nationalism” is on the rise around the world. Also on the ascendancy are authoritarian leaders. Is this trend inevitable? Or is there a way to counter this political shift away from democracy and free-market capitalism? Raghuram Rajan believes there isRead More →
Jeremy Grantham, an investor credited with predicting the 2000 and 2008 downturns, told CNBC on Thursday that investors should get inured to lackluster returns in the stock market for the next two decades, after a century of handsome gains. “In the last 100 years, we’re used to delivering perhaps 6%,”Read More →
The financial crisis of 2008-2009, the worst since the Great Depression, was hard on all Americans. But arguably no group felt its sting more than African-Americans, who were already the most economically and financially vulnerable segment of the population going into it. Even today, a decade since the Great RecessionRead More →
Ahead of what some predict will be the biggest parliamentary defeat in 95 years for the U.K. government, expect Old Blighty to get plenty of time in the spotlight Tuesday. A vote by U.K. lawmakers on beleaguered U.K. Prime Minister Theresa May’s doomed Brexit deal will come in around bedtimeRead More →
