President Trump’s slow and standoffish handling of the federal government’s coronavirus response is starting to make some of Sanders’ big-government prescriptions seem timely and perhaps even prudent. Yahoo Finance's Rick Newman joins Myles Udland to discuss....
'This surprisingly high level of bullishness supports our own view that we haven't yet seen investor capitulation, echoing what we've seen in other data sets,' writes RBC's head of U.S. equity strategy Lori Calvasina....
(Bloomberg) -- Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem.Borrowers who lost income from the coronavirus -- already a skyrocketing number, with a record 10 million new jobless claims -- can ask to skip payments for as many as 180 days at a time on federally backed mortgages, and avoid penalties and a hit to their credit scores. But it’s not a payment holiday. Eventually, they’ll have to make it all up.As many as 30% of Americans with home loans – about 15 million households –- could stop paying if the U.S. economy remains closed through the summer or beyond, according to an estimate by Mark Zandi, chief economist for Moody’s Analytics.“This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the...
