Interest rates

Four big banks (JPMorgan Chase, Citigroup, PNC, Wells Fargo) reported earnings today, all beating expectations, especially JPMorgan, which posted its best quarter ever. That wind in the banks’ sails comes in the form of higher interest rate levels after three straight rate hikes by the Federal Reserve. That means banks get to charge you more […]

The yield on the 10-year treasury has been tumbling for the past week. Another way of saying that is: That is strong demand for these bonds, which causes their price to rise and the interest rates they pay to fall. And that is telling us something about investor thinking — about the Federal Reserve, the president and […]

People who took out subprime loans to buy a car are falling behind on their payments at the highest rate since the financial crisis. That could lead to higher costs for people who want a car loan. It’s also bad news for the automakers.  Click the audio player above to hear the full story.