Archives for May 2016

Is another housing bubble on the way in the United States? It could be housing bubble 2.0 as another American bank started to offer a very low down payment mortgage. This week, Wells Fargo introduced the yourFirstMortgage program that offers customers mortgages of up to $417,000 with a down payment as little as three percent. […]

China wants to set the world’s commodity prices. The world’s second-largest economy warned conventional financial hubs that it wants to create its own raw material markets for setting prices, according to a new report from Bloomberg News. By doing this, it would give China a greater say in determining how much commodities cost. With China […]

News of the Day: Households in the United States feel vulnerable despite hardly recovering from the economic collapse. According to a new report from the Federal Reserve released Wednesday, households said they were “doing OK” or “living comfortably, while one-third of non-retired Americans admitted they had no retirement savings at all, which is the same […]

Want to solve income inequality? Reform policies instead of raising taxes on the wealthy. According to a new report from the Competitive Enterprise Institute (CEI), the most effective way to help the poor is for public officials to implement policy changes rather than increasing tax rates on the rich. CEI report authors note that the […]

It’s official. Presidential candidate Donald Trump has reached the threshold to secure the GOP nomination, according to a new report from the Associated Press. The real estate billionaire mogul now reportedly has 1,238 delegates, which means he will officially become the nominee at the Republican National Convention in July. Trump can still add to his […]