Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from a year earlier. Homebuilders mitigated the impact of higher interest rates by lowering prices and offering incentives
Moody’s has lowered the country’s credit rating for the first time in its history. Added to the enormous cost of mobilizing 300,000 reservists and accommodating 200,000 displaced people is the ‘significant’ risk of a large-scale conflict with Hezbollah
In its announcement Friday, Moody’s warned that the ongoing war in Gaza and a possible war in the north with Hezbollah could adversely affect Israel’s economy. It downgraded the country’s rating from A1 to A2
Last week the bank reported significant losses on some commercial real estate loans and indicated it was struggling to digest last year’s purchase of Signature Bank
Consumers held more than $1.05 trillion on their credit cards in the third quarter of 2023, a record
The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay
