At the height of the crisis, nearly 10% of U.S. homes were in foreclosure. FangXiaNuo for iStockphoto; Canva ContentsThe Subprime Mortgage Crisis ExplainedHow Do Subprime Loans Differ from Other Types of Mortgages? How Safe Were Subprime Loans? Understanding Adjustable-Rate Mortgage Terms What Happened When Subprime Mortgages Defaulted?What Were the Global Implications of the Subprime Mortgage…
The major cruise lines walk a delicate line. They need to take the actual steps required to keep their passengers safe and they also need to be aware of how things look to the outside public. It’s a mix of practical covid policy balanced with covid theater. You have to do the right thing –…
Electric vehicle makers have been struggling over the last two years to produce and deliver cars, trucks and SUVs despite obstacles such as supply chain disruptions, semiconductor shortages and factory shutdowns caused by the covid pandemic. The industry’s leading EV manufacturer Tesla (TSLA) – Get Tesla Inc. Report on July 2 said that plant closures at…
It’s the end of a suspense that lasts almost two weeks. Two weeks that seemed like an eternity in Elon Musk’s world. After having dominated almost all conversations in business circles since the beginning of the year, the richest man in the world had suddenly become silent since June 21, the date of his last…
Pfizer (PFE) – Get Pfizer Inc. Report said Thursday that it’s submitted a new application to the U.S. Food & Drug Administration seeking formal approval for the sale of its Covid oral treatment Paxlovid. Pfizer said the New Drug Application (NDA) request would apply to patients who are at ‘high risk’ in terms of progressing to…
Walt Disney Co. (DIS) – Get The Walt Disney Company Report theme parks occasionally shut down popular rides and attractions for extended periods of time for repairs, refurbishment and for construction projects. Disney’s Hollywood Studios in Orlando is scheduled to reopen its Star Wars Launch Bay attraction on July 17 after closing during the covid…
Elon Musk has many titles even if he hates honors. He is the chief executive officer of Tesla (TSLA) – Get Tesla Inc. Report, an “It company” whose name is associated with innovation. Musk prefers to call himself Technoking, a catch-all title he chose as a joke to show that titles mean absolutely nothing, as he…
Cannabis companies will have to wait a bit longer to get access to the banking they need as Congressional Republicans stand in the way. The Secure and Fair Enforcement Act, also known as the SAFE Banking Act, was removed from the bipartisan China competition bill, the Competes Act, with Republicans arguing that the SAFE act…
The lull does not seem to be able to last on the cryptocurrency market. After a few stabilization sessions, the prices of digital currencies are falling again, suggesting that investors’ fears and questions about the solvency of certain firms in the sector remain strong. These fears have just been confirmed with the default of payment…
The Richmond Manufacturing Index, similar to the purchasing managers’ index, is based on results of questionnaires sent to executives on their views of business conditions in manufacturing. Canva ContentsWhat Is the Richmond Manufacturing Index?Who Compiles the Richmond Manufacturing Index?What Is the Formula for the Richmond Manufacturing Index? Why Is the Richmond Manufacturing Index Important?When Is…
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