Wells Fargo To Slash Its Mortgage Business
By: Economic & Finance Report Wells Fargo is scaling down it’s mortgage business. The slashing of services from its mortgage division has to do with the direction of the overall…
By: Economic & Finance Report Wells Fargo is scaling down it’s mortgage business. The slashing of services from its mortgage division has to do with the direction of the overall…
1) Walt Disney Co. will close at least 60 Disney stores in North America this year, which amounts to about one-third of their stores. Like so many other retailers, Disney…
1) Many consider the next economic crisis to be the growing profusion of empty retail space, as tenants stop paying rent and reduce their offices, leaving commercial real estate in…
1) Another indication of the contraction of the oil business is the oil services company Schlumberger who cut 21,000 jobs or about one fifth of its 105,000 global employees. This…
1) The aircraft manufacturer Boeing Aircraft is discontinuing production of it’s iconic 747 jumbo jet after a fifty year run. The last 747-8 will be completed in two years. This…
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1) The U.S. Bureau of Labor’s CPI (Consumer Price Index) statistic declined by 0.42% in March, the largest decline since January 2015. The CPI is used to measure the change…
1) The ‘consumer confidence index’ dropped in April by the largest amount on record. The index dropped from 118.8 in March to 86.9, while the ‘present conditions index’ plunged from…
1) The economic woes of the coronavirus may not be over yet. Forecast are that the U.S. economy later this year could contract at a faster rate than for the…