• Tue, May 20, 2025

by: Fortune

Wells Fargo says home sales aren't far off from levels seen in the wake of the Great Recession

"The tepid pace of home sales can not be blamed on a recession," Wells Fargo economists wrote.

by: WHIO

Man accused of robbing construction worker at Montgomery County business

The suspect has been arrested and booked in jail on a preliminary robbery charge.

by: Reuters

Canada says G7 finance ministers to focus on restoring stability, growth

BANFF, Alberta (Reuters) -Finance ministers from the Group of Seven industrial democracies will try to agree on policies to restore global growth and stability, Canadian Finance Minister Francois-Philippe Champagne said on Tuesday, acknowledging that tensions over new U.S. tariffs would continue. The meetings over the next two days in the mountain resort town of Banff, Alberta, will be about "back to basics" and will include discussions about excess manufacturing capacity, non-market practices and financial crimes, Champagne told a conference. He said discussions would take place within the G7 and bilaterally with U.S. Treasury Secretary Scott Bessent about the impact of President Donald Trump's tariffs on trading partners, and that there would always be tension around such issues.
  • Wed, May 21, 2025

by: MassLive

People in Business: May 19, 2025

People in Business

by: NDTV

How Trump's Immigration Crackdown Threatens To Hit Columbia's Finances

About 40 per cent of Columbia Universitys student pool consists of international students. Students pay $70,000 plus in tuition, but international students bring to the university what Trump froze in its federal research funds, - $903.1 million.

by: Impacts

How Does a Business Finance Broker Help to Grow a Business?

Struggling with the finances for the growth of your business? Find out how business finance brokers help to grow your business in the most effective way. Read now!

by: PBS

Trump's tariffs will test U.S. allies at G7 finance ministers' summit

The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year.

by: Flightglobal

Gol's financial restructuring approved by US bankruptcy court

Brazilian carrier Gol secured approval on 20 May of its financial restructuring plan after filing for Chapter 11 bankruptcy last year.

by: legit

G7 finance chiefs begin talks under strain of Trump tariffs

G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump's punishing tariffs -- and to strengthen support for Ukraine.

by: Fortune

Trump tariffs are 'a recipe for making Americans worse off,' Cato Institute says

No one will be economically better off if reciprocal tariffs are imposed and a trade war escalates, the libertarian think tank told Fortune.

by: CNN

Tariffs threaten Maryland veteran's small business for pets | CNN Business

Barton O'Brien joins The Lead

by: ThePrint

Canadian finance minister touts progress in talks with US counterpart

By Promit Mukherjee BANFF, Alberta (Reuters) -Canada's finance minister said on Wednesday that he had a good meeting with U.S. Treasury Secretary Scott Bessent and that both were pleased with the

by: Reuters

Trump says he's seriously considering taking Fannie Mae and Freddie Mac public

U.S. President Donald Trump said on Wednesday he will make a decision in the near future about taking mortgage finance firms Fannie Mae and Freddie Mac public, saying that he is giving "very serious consideration" to doing so.

by: AFP

G7 finance chiefs seek unity as Canada talks near end

Talks among G7 finance ministers faced challenges Wednesday as the group worked to overcome divides on thorny issues like the impact of US President Donald Trump's tariffs and support for Ukraine.

by: Forbes

How Small Businesses Can Find U.S. Suppliers With the SBA's New Portal

The SBA launched a portal to help small businesses find U.S. suppliers. The issue is it tries to solve something that isn't the real barrier to onshoring.

by: Fortune

Trump tariffs leave Northern Ireland, and its whiskey and plane makers, at the whim of the EU

Northern Ireland's special relationship with the U.K. and EU could make or break the country after Trump's tariff rollout.

by: Reuters

US business equipment borrowings decline in April, ELFA says

U.S. companies borrowed 4.4% less to finance equipment investments in April compared with the same period from the year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday.

by: CNN

Universal's epic new theme park kicks off latest front in media wars | CNN Business

This is an epic — pardon the pun — week for Comcast and the wider media business.

by: Forbes

3 Ways Suppliers Can Help Small Businesses Access Financing

Understanding supplier and vendor financing options can help small businesses navigate financial challenges. Here are some of the most common types of this funding.

by: Flightglobal

High demand keeps El Al financial performance strong in first quarter

Israeli flag-carrier El Al's first-quarter financial performance has improved, even upon the unusually-high figures from last year, as strong demand for the airline's flights persisted. El Al says the demand continued to be "significantly higher" than the supply of seats it could offer - generating average load factors above 94%, ...

by: Impacts

Blackcat Money: Revolutionizing Personal Finance with Digital Banking

Blackcat money represents a modern approach to personal finance, leveraging digital banking solutions to offer seamless, flexible, and rewarding money management. Inspired by platforms like blackcatcard.com, this innovative service provides users with instant access to virtual and physical payment cards, integrated services, and attractive cashback rewards. Designed for global accessibility, blackcat money empowers individuals and […]

by: CNN

Target boycotts over DEI hurt sales | CNN Business

Target's problems are growing.

by: Reuters

G7 finance leaders try to downplay tariff disputes, find consensus

Finance leaders from the Group of Seven industrialized democracies sought on Wednesday to downplay disputes over U.S. President Donald Trump's tariffs and find some common ground to keep the forum viable as they met in the Canadian Rocky Mountains.

by: Forbes

5 Ways To Support Small Businesses During Small Business Month

Here are five ways you can support small business owners in your community during National Small Business Month.

by: Fortune

Current refi mortgage rates report for March 26, 2025

by: Forbes

Five Grounding Principles For Business Success That Don't Involve Money

Companies are in business to make money, but in my view, money shouldn't be the only or most significant factor motivating people to achieve success.

by: CNN

Airlines brace for the summer of hell | CNN Business

Summer's usually a boom time for airlines. This year could change that.

by: Fortune

Trump's tariffs have pushed markets to the doorstep of 'correction territory' says Wall Street

Analysts have pointed out that while the S&P 500 hasn't officially yet entered a correction, many of the stocks on the index have. Continued volatility is expected as Trump's policy moves continue.

by: Reuters

German finance minister and US treasury secretary Bessent met bilaterally, source says

BANFF, Canada (Reuters) -German Finance Minister Lars Klingbeil met United States Treasury Secretary Scott Bessent on Wednesday for a bilateral conversation on the sidelines of the G7 finance ministers' consultations in Canada, a German source in G7 circles told Reuters. Both agreed to meet again in Washington, with Bessent inviting Klingbeil. Klingbeil emphasized the importance of close transatlantic relations, especially in light of current geopolitical and economic challenges, the German source said.

by: Forbes

Pope Leo XIV's Lessons For Business Leaders

The compassionate, socially conscious vision of Pope Leo XIV has been publicly embraced with an energy that may well impact the initiatives of business leadership.

by: Fortune

The top 10 car picks for 2025, as selected by Consumer Reports

Hybrids are big, but only two of the ten are new entries.

by: CNN

Expert: 3 finance mistakes women are more likely to make in their lifetime | CNN Business

Did you know that women couldn't have their own credit cards until 1974? Haley Sacks, known as "Mrs. Dow Jones" and the creator of The Money Book 2.0, shares the three ways women can secure their financial future.

by: Forbes

Three Reasons Why Small Businesses Fall Victim To Cyberattacks

In this article, I will discuss key security concerns and strategies for small businesses to protect themselves against cyberattacks.

by: Forbes

The Strength Of Small Business In A Shifting Economy

Small businesses are the engine of the American economy. They are often the first to innovate, the fastest to adapt, and the most determined to persevere through change.

by: Forbes

Prioritizing Wellness: Seven Tips For Busy Business Leaders

It's critical that leaders take care of their well-being because being happy and healthy are extremely important to their quality of life and performance capabilities.

by: Forbes

3 Small Business Grants To Apply For Before Spring Ends

With deadlines approaching, the following three grant opportunities I've researched present a timely chance for small businesses.

by: Forbes

Unlock Sustainability And Business Value With 3 Simple Questions

This one business framework, guided by three questions, offers a simple tool that enables companies to leverage sustainability to lead, now and in the future.
  • Thu, May 22, 2025

by: WESH

Orlando restaurants hope new theme park means more business

With Epic Universe set to officially open Thursday, Orlando businesses are hoping it will bring more customers with it.

by: KHQ

Moses Lake School District seeks new business manager amid budget crisis

MOSES LAKE, Wash. - The Moses Lake School District is actively searching for a new business manager to address its financial challenges.

by: Variety

Australia-India Financing Venture Southern Sitara Bows at Cannes Market With Cross-Cultural Slate (EXCLUSIVE)

The growing appetite for Australia-India co-productions has spawned a financing entity designed to bridge the two markets with structured investment.

by: rnz

New Plymouth businesses largely support 'investment boost' package

The boost allows the deduction of 20 percent of the cost of new assets on top of normal depreciation.

by: Forbes

How To Build A Successful Business: A 4-Step Guide For Business Owners

The role of a business owner is more than just launching the company. Owners are the driving force behind its growth and sustainability.

by: BBC

'Catching up to midfield group will require a busy summer'

One problem with 'dead' games at the end of the season - aside from the unsatisfactory description - is that the apparently low stakes leave too much time for wandering thoughts, reading things between the lines of the teamsheet that might not be there. Hence, after the team news dropped at Selhurst Park, it was tempting to look for deeper meaning in it, especially bearing in mind that Vitor Pereira had said he would not be giving "gifts" of places in the team to fringe players as some sort of thanks for training patiently in the background. "It is time to understand what they can give to us," Pereira told me afterwards, and that seems a perfectly sensible use of the last week of the season in the circumstances, notwithstanding the financial value of every position in the final table.

by: Fortune

Jaguar is going on a world tour to sell its controversial rebrand to wealthy art lovers

Jaguar's rebrand caused a social media storm last November as the carmaker diverged from its traditional audience in search of young customers.

by: Forbes

Rethinking Payouts, Perks And Financial Access Through Embedded Finance

As more businesses embrace embedded finance, the traditional boundaries between commerce and banking are starting to dissolve.

by: Fortune

Northvolt to stop production at end of June without buyer

Northvolt's Chief Operating Officer Matthias Arleth is expected to deliver the news of the final production line closure to the company's 900 staff later today.

by: BBC

Homes and business plan for Sheffield used car site

A decision on the plans for the site in sheffield is expected to be announced later this year.

by: Fortune

Why GE Vernova's stock is power surging

GE Vernova is thriving on its gas turbine business despite its initial emphasis on renewables.

Wells Fargo says home sales aren't far off from levels seen in the wake of the Great Recession

"The tepid pace of home sales can not be blamed on a recession," Wells Fargo economists wrote.
The article from Fortune, published on March 24, 2025, discusses the current state of the U.S. housing market, drawing parallels to the Great Recession. It highlights that home sales have plummeted to levels not seen since the financial crisis of 2008, with Wells Fargo reporting a significant drop in mortgage applications. The piece attributes this decline to high interest rates, which have made borrowing more expensive, and a persistent shortage of available homes, exacerbating affordability issues. Additionally, the article notes that many homeowners are reluctant to sell due to being locked into lower mortgage rates, further constricting the market. Experts cited in the article express concern that without intervention, the housing market could face prolonged stagnation, potentially impacting the broader economy.

Read the Full Fortune Article at:
https://fortune.com/2025/03/24/home-sales-great-recession-wells-fargo/
Like: 👍