Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Americans’ household debt fell for the first time since 2014 — but that doesn’t mean people are paying off their loans The pandemic-fueled economic downturn hasn’t led to Americans going into default on their debts yet. People are going blind and dying from drinking hand […]
Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it would acquire mortgage-software firm Ellie Mae, a landmark bet by the exchange giant on the digitization of the U.S. mortgage industry. The deal with private-equity firm Thoma Bravo values Ellie Mae at $11 billion, including debt.
WASHINGTON — Chinese companies with shares traded on U.S. stock exchanges would be forced to give up their listings unless they comply with American accounting requirements under a plan recommended Thursday by the Trump administration. The proposal addresses a long-simmering dispute over U.S. regulators’ inability to inspect the accounting quality of Chinese companies that sell […]
Total household debt fell on a quarterly basis for the first time since 2014, as Americans tightened their belts amid the coronavirus pandemic. The Federal Reserve Bank of New York reported that total household debt fell by $34 billion, or 0.2%, in the second quarter. It was the largest decrease on record since the second […]
The Louisiana’s Supreme Court has denied a request to review the case of a Black man who received a life sentence following an attempted burglary conviction, a punishment one dissenting judge called “cruel and unusual” given the object he allegedly stole was a set of hedge clippers. Bernette J. Johnson, the state’s first African-American Chief Justice, wrote a scathing […]
As an elderly Michigan inmate’s bid for early release amid the coronavirus pandemic continues, garnering support from everyone from a local prosecutor to a reality star, his situation is becoming more dire. Michael Thompson, a 69-year-old former Flint resident, is serving a 40- to 60-year sentence for selling marijuana to an informant in 1994. He […]
To stop its raging coronavirus outbreak, which is currently spreading at a rate of about 60,000 new cases per day, the United States can do one of two things. Either it can lock everybody down completely — or it can test everybody constantly. The lockdown approach works because if infected people can’t get close to […]
The professor famous for accurately predicting the winner of every presidential election since 1984 has issued his verdict for 2020: Joe Biden will defeat President Trump. American University Professor Allan Lichtman uses a system he created of 13 “keys” that decide who will win the White House. In 2016, Lichtman was one of the few forecasters […]
ALEXANDRIA, Va. – Federal prosecutors have charged 11 alleged members and associates of the MS-13 street gang with sex trafficking and other charges after they say a 13-year-old runaway was repeatedly beaten with a baseball bat and forced into prostitution in northern Virginia. Charges were unsealed Wednesday in federal court in Alexandria. A 48-page FBI […]
President Donald Trump answers question during a press conference at the White House on Wednesday. AFP/Getty Images President Donald Trump said Wednesday he would support additional aid for airlines to keep workers on payroll. The president was asked about a plan from more than a dozen Republican senators to provide another $25 billion in support […]