Japan’s Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast
The bank's Tokyo-listed shares fell for a second day, tracking losses in U.S. regional lenders overnight.The commercial lender said Thursday...
archiveU.S. Economy
Japan’s Aozora Bank tanks after flagging losses tied to US commercial property
A pedestrian walks past a sign for Aozora Bank Ltd. at the company's headquarters in Tokyo, Japan, on Friday, May...
How interest rates have changed over the last 12 months
Their anticipation is understandable: The federal funds rate hasn't been this high since the early 2000s, and some experts say...
Dollar gains against most currencies as U.S. nonfarm payrolls loom
The U.S. currency gained on news that U.S. private employers hired more workers than expected in December. Private payrolls increased...
U.S. Treasury yields: investors consider economic outlook
Yields and prices move in opposite directions and one basis point equals 0.01%.TreasurysTICKERCOMPANYYIELDCHANGEUS1MU.S. 1 Month Treasury5.406%+0.028US3MU.S. 3 Month Treasury5.395%-0.004US6MU.S. 6...
2024: The Year the U.S. Economy Could Enter a Recession
Shortly after the 2008–2009 Great Economic Recession, an apocryphal story circulated about the captain of the Titanic. When asked in...
U.S. Bank fined $36 million for frozen unemployment benefits
The fifth-largest commercial bank in the country, U.S. Bank administered prepaid debit cards to distribute unemployment insurance benefits through its...
Why U.S. ports are getting a $21 billion upgrade
U.S. ports are receiving multimillion dollar grants to upgrade cargo handling infrastructure. The grants are part of the Biden administration's...
Janet Yellen outlines plan to improve ties
U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS...
Mortgage refinance demand jumps as rates fall
Homes in Hercules, California, US.Bloomberg | Bloomberg | Getty ImagesAfter surging over 8% in October, mortgage rates are falling back...
