US Deficit: $1.5 Billion in Daily Interest
From Torsten Slok: Here is a number for your dinner conversation tonight:Â Did you know that the US government last year on average paid $1.5bn each day in interest payme.....»»
From General Electric To General Hospital: Take Your Money & Run
Almost Daily Grant's, submitted by Grant's Interest Rate Observer This morning, General Electric reported second quarter results, including $28.8 billion in revenues .....»»
US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes
The US is starting to admit that it has a spending problem. According to the latest Monthl.....»»
US Budget Deficit Hits $530 Billion In 8 Months, As Spending On Interest Explodes
The US is starting to admit that it has a spending problem. According to the latest Monthly Treasury Statement, in May, the.....»»
US Budget Deficit Hits $607 Billion In 9 Months, As Spending On Interest Explodes
The US is starting to admit that it has a spending problem. According to th.....»»
Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion
The US' spending problem is starting to become a major issue. According to the latest Monthly Treasury Statement, in June, the US collected $225BN in tax receipts - consisting of $110BN in individual income ta.....»»
US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion
The US' spending problem is starting to become a major issue. According to the latest Monthly Treasury Statement, in June, the US collected $225BN in tax receipts - consisting of $110BN in individual income ta.....»»
US Spending On Interest Hits All Time High As Budget Deficit In Trump"s First Year Soars To $779 Billion
One month ago we already knew that the U.S. budget deficit for the 2018 fiscal year - Trump's first full year in office - would be jarring after the August defi.....»»
The US Is Spending $1.5 Billion On Debt Interest Every Day
Several weeks ago, when looking at the US budget data for the recently concluded (Sept 30) Fiscal 2018, we noted that the most troubling observation in the latest data (besides the growing deficit, rising spending and shrinking tax revenues) was th.....»»
Newsom Forced To Slash California Budget, Blames Crippling Deficit On "Rain Bombs" And Tax Shortfalls
Newsom Forced To Slash California Budget, Blames Crippling Deficit On "Rain Bombs" And Tax Shortfalls In the course of two years, California has turned a $100 billion s.....»»
Elon Musk"s AI Startup Could Reach A Whopping $20 Billion Valuation, Exceeding Initial Expectations
Elon Musk's artificial intelligence startup, xAI, is poised to reach a valuation of $20 billion, surpassing initial expectations, as investor interest continues to surge. read more.....»»
Ranking the US Presidents Who Added the Most National Debt During Their Term
Currently, in 2024, the national debt is at an all-time high of $36.4 trillion. The interest alone on the debt equals $870 billion, with an expecte.....»»
Rocket Mortgage Impresses With $1.2 Billion Earned in Q1 2024
As the economy waivers recently—with mortgage rates back up above 7%, the most recent PCE report demonstrating a rise in inflation and no respite in the interest rates from the Fed yet—th.....»»
Daily Digest: When Bay Bridge lights will return, Slanted Door shutters
Good morning, Bay Area. Kicking the day off with some M&A, Sony Group and Apollo Global Management have reportedly made a $26 billion proposal to buy Paramount Global, the owner of CBS and MTV. The offer would be an all-cash deal for Paramount shares and.....»»
Small business owners say banking partnerships are key to success
Small business owners manage many intricacies in their operations daily, including fluctuating interest rates, inflation, supply chain challenges, tight labor markets and ever-changing customer needs. When it comes to finding the right banking p.....»»
Provident Financial Holdings Reports Third Quarter Fiscal Year 2024 Results
Net Income of $1.49 Million in the March 2024 Quarter Net Interest Margin of 2.74% in the March 2024 Quarter Loans Held for Investment of $1.07 Billion at March 31, 202.....»»
Why M&T Bank Shares Are Trading Higher Today
M&T Bank Corporation (NYSE:MTB) shares are trading higher after it reported first-quarter FY24 results. Revenue of $2.260 billion, slightly missing the consensus of $2.263 billion. Net interest income expres.....»»
Daily Digest: Shell to wind down Volta; Layoffs at Golden Gate Fields
Good morning, Bay Area. Starting your Friday in banking, Wells Fargo & Co. missed estimates for net interest income in the first quarter, but bested analysts' expectation in both earnings per share and revenue. In food news, chef Dominique Crenn i.....»»
EQT Exeter buys huge California industrial building for $197 million
EQT Exeter last summer closed a $4.9 billion fund to invest in industrial properties across the U.S., looking to capitalize on reduced prices amid higher interest rates.....»»
Coinbase"s convertible debt offering prices, stock falls
Coinbase Global Inc. announced overnight Wednesday the pricing of its $1.25 billion convertible debt offering, which will pay interest of 0.50%. The senior notes, which will mature in June 2026, will be convertible at an i.....»»
Personal Finance Daily: Melinda Gates is a billionaire after a nearly $2.4 billion stock transfer, and mortgage rates drop to lowest level since mid-February
Thursday's top personal finance stories.....»»