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As gig economy grows, lenders reluctant to relax income rules

Most U.S. mortgage lenders are not ready to relax income rules even as more Americans become part of the so-called gig economy, and banks are excluding income from this work on loan applications, a survey released on Wednesday showed......»»

Category: topSource: moneycentralMay 16th, 2018

U.S. tech giants eye AI key to unlock China push

U.S. technology giants, facing tighter content rules in China and the threat of a trade war, are targeting an easier way into the world's second largest economy - artificial intelligence......»»

Category: topSource: reutersSep 18th, 2018

California Cities Lead the U.S. in Personal Income Growth

Of the nation’s 50 largest metros, five of the 10 with the biggest income gains are located in California, where a diverse economy has been adding jobs across industries including construction, tourism and technology......»»

Category: smallbizSource: wsjSep 13th, 2018

Economy Grows Moderately, But Trade Fears Rise, Fed"s Beige Book Says

Businesses voiced concern about mounting trade tensions, as recently imposed and proposed tariffs force companies to grapple with rising input costs, according to a Federal Reserve’s beige book report......»»

Category: smallbizSource: wsjSep 12th, 2018

Median Household Income Rose 1.8% in 2017, Census Figures Show

U.S. household incomes rose again in 2017, according to Census Bureau figures released Wednesday that suggest more Americans are benefiting from the strong economy......»»

Category: smallbizSource: wsjSep 12th, 2018

Fed's Rosengren wants two more rate hikes in 2018 as US economy grows - The Business Times

The Business TimesFed's Rosengren wants two more rate hikes in 2018 as US economy growsThe Business Times[WASHINGTON] One more interest rate hike in 2018 won't satisfy Eric Rosengren's definition of gradual. In an interview,.....»»

Category: topSource: googlenewsSep 10th, 2018

Motley Fool Answers" August Mailbag: The 10 Times Annual Income Rule vs. the 4% Rule

Listener Joe is trying to resolve what he sees as a disparity between two popular retirement rules of thumb......»»

Category: topSource: foxnewsSep 6th, 2018

Bill would aid mortgage applicants who rely on gig economy

Current federal standards channel loans to people with traditional sources of income......»»

Category: topSource: moneycentralSep 5th, 2018

20 years of government data says raising the minimum wage could be good for workers, businesses, and the economy

David McNew/Getty Images Raises in minimum wage benefit the majority of low-income workers in both the short and long term, argue economists for the US Census Bureau in a working paper from earlier this year, which analyzes 20 years of non-public go.....»»

Category: topSource: businessinsiderSep 5th, 2018

Bill would aid mortgage applicants who rely on the gig economy for earnings

Current federal standards channel loans to people with traditional sources of income......»»

Category: topSource: washpostSep 5th, 2018

Bill would aid mortgage applicants who rely on the gig economy for earnings

Current federal standards channel loans to people with traditional sources of income......»»

Category: topSource: washpostSep 5th, 2018

U.S. Consumer Spending Rose 0.4% in July

Americans spent all of their income gains and then some in July, suggesting the economy sustained momentum going into the second half of the year......»»

Category: smallbizSource: wsjAug 30th, 2018

US Consumer Spending Rose 0.4% in July - Wall Street Journal

Wall Street JournalUS Consumer Spending Rose 0.4% in JulyWall Street JournalAmericans spent all of their income gains and then some last month, suggesting the economy sustained momentum going into the se.....»»

Category: topSource: googlenewsAug 30th, 2018

U.S. Economy Grows by 4.2 Percent, but Pending Home Sales Dip 0.7 Percent

Asia equity markets are trad.....»»

Category: futuresSource: nasdaqAug 30th, 2018

US Economy Grows Most in 4 Years

US Economy Grows Most in 4 Years US economic growth has come in stronger than initially estimated in Q-2, posting its best performance in nearly 4 years, as businesses bo.....»»

Category: topSource: livetradingnewsAug 29th, 2018

U.S. banking regulator kicks off low-income lending rules rewrite

A federal regulator said on Tuesday it is seeking input on rewriting decades-old rules aimed at encouraging bank lending in low-income communities......»»

Category: topSource: reutersAug 28th, 2018

U.S. banking regulator kicks off rewrite of community lending rules

A federal banking regulator said on Tuesday it will begin soliciting input on decades-old rules on bank lending in low-income communities, kicking off a long awaited and potentially contentious rulewriting process......»»

Category: topSource: reutersAug 28th, 2018

Regulator kicks off rewrite of community lending rules

A federal banking regulator said on Tuesday it will begin soliciting input on decades-old rules on bank lending in low-income communities, kicking off a long awaited and potentially contentious rulewriting process......»»

Category: topSource: moneycentralAug 28th, 2018

Mexico minister says would tweak bilateral U.S. trade deal without Canada

Mexico's Economy Minister Ildefonso Guajardo said on Monday that the trade accord it announced on Monday with the United States would have to be tweaked, particularly regarding rules of origin, if it ends up as a bilateral agreement without Canada......»»

Category: topSource: reutersAug 27th, 2018

Most Mexican auto exports can meet new NAFTA rules, says minister

Most of Mexico's auto exports should comply with new rules drawn up under the agreement struck between Mexico and the United States in the renegotiation of the North American Free Trade Agreement (NAFTA), Mexico's economy minister said on Monday......»»

Category: topSource: reutersAug 27th, 2018

High Expectations Skew Global Investors" View of U.S. Growth

The U.S. is struggling to meet economists’ expectations even as its economy grows at its quickest pace in years—a potential challenge to investors who have been flocking to the region for months......»»

Category: smallbizSource: wsjAug 27th, 2018