Category: Business & Economy

Subprime loans are back. Many are claiming that this time will be different than the last. This should concern just about everyone.

According to Morgan Stanley, while Sears Holdings Corp’s market share is dwindling, the bank estimates $2.8b in Apparel, $2.7b in Appliance, ~$2b in Consumer Electronics and ~$0.6b in Home Improvement sales up for grabs. Here’s who will benefit the most from picking it up.

To fund the deficit, the U.S. government borrowed $1.08 trillion from the public in Fiscal 2018, more than double the amount borrowed in 2017 ($498.3 billion) and the most borrowed from the public in a fiscal year since FY’12.

According to research by the Michigan-based Center for Automotive Research (CAR), 25 percent auto tariffs will cost Americans dearly.

Trump plans to announce new tariffs on up to $200 billion in Chinese goods as soon as Monday in a move that will prompt an immediate retaliation from China, and may lead to a sharply lower futures open on Sunday night.