The Return of Inflation Makes Deficits More Dangerous
It’s tempting to see the market backlash against the British government’s proposed income-tax cut as a uniquely British problem. That would be a mistake. The markets are sending a deeper…
Bank Stocks Are No Haven From Rising Rates
Rising rates have been good for bank stocks in the past. That time appears to be over—for now. If casual investors know anything about bank stocks, it may be that…
As Hurricane Ian Approaches, Miami Firms Help Condos Fortify Buildings to Comply With New Law
A new Florida law that tightens the rules around condo inspections is spawning a new cottage industry in the Miami area, as real-estate firms compete to offer services to enable…
Biden’s Student-Debt Relief Plan Will Cause Tax Hit, Suit Claims
The Biden administration was sued over claims that its sweeping new program to forgive some federal student loans will harm borrowers in at least six states, where laws require tax…
House Sales Collapse as UK Lenders Withdraw Mortgage Offers
Deals for house purchases are collapsing after lenders pulled mortgage offers in response to soaring interest rates. Smaller lenders such as Kensington, Accord Mortgages and Hodge were among those to…
US Sales of New Homes Unexpectedly Rise in a Break From Downturn
US sales of new homes unexpectedly rose in August, representing a break in an otherwise rapid descent this year for a housing market still at risk of further deterioration as…