Category: Finance News

Oct 31

How Biden and Trump differ on housing-finance reform

For more than a decade, housing-finance giants Fannie Mae FNMA, -2.59%  and Freddie Mac FMCC, -1.09%  have remained in conservatorship after being bailed out amid the Great Recession. Fannie and Freddie’s shareholders have been kept in limbo throughout those years — they’ve watched as the enterprises’ profits were swept to the Treasury Department to repay […]
Oct 30

Louisville police officer sues Breonna Taylor's boyfriend for shooting him during deadly raid

A Louisville, Ky., police sergeant who was shot and injured by Breonna Taylor’s boyfriend, Kenneth Walker, during the botched raid that left Taylor dead is suing Walker on allegations of assault, battery and intentional emotional distress. In the lawsuit filed Thursday in Jefferson Circuit Court in Louisville, Sgt. Jonathan Mattingly alleges Walker acted recklessly when […]
Oct 30

‘Slow-burning crisis’ set to ravage India’s banks

Of the world’s major economies, India’s banking sector warrants the most concern because it entered the pandemic in poor shape and the scale of damage to private balance sheets suggest it will be hit hard by rising defaults, according to consultancy Capital Economics “[India’s banking] sector is entering a slow-burning crisis, where bad debts will […]
Oct 30

Europe Markets: Dow futures slide 500 points and European equity futures drop as Big Tech earnings, COVID-19 and election worries weigh

A man’s reflection is shown in Apple’s flagship store in Madrid’s Puerta del Sol on Oct. 26, 2020. It remains closed due to the pandemic. MarketWatch/Kollmeyer European and U.S. equity futures pointed to losses for markets on Friday, with investors reacting to some disappointment over Apple and Amazon.com earnings, as COVID-19 tensions and pre-election jitters […]
Oct 30

Election Countdown: Trump and Biden voters share the money worries behind their choice for the next president: ‘People are not able to meet their full potential’

MarketWatch photo illustration/Getty Images|, John Stous|, Gabriel Martini|, Fanta Traore|, Elizabeth Meyer|, Jack Claypool|, Holly Davis A Florida day trader who’s watching the pandemic ravage finances for friends and family.  A Kansas rancher who dislikes the country’s divisions and worries about tax hikes aimed at the rich and corporations.  A Connecticut student who sees a […]