Source: Wall Street Journal
News
Jan. 10, 2017
Her loan is part of a booming corner of the lending industry called Property Assessed Clean Energy, or PACE. Such loans, set up by local governments across the U.S., are designed to encourage homeowners to buy energy-efficient solar panels, window insulation and air-conditioning units. . . Creditworthiness matters little to lenders, because loans are based on the value of a homeowner’s property. PACE loans typically require no down payment, and the debt is added to property-tax bills as an assessment. Ms. White’s annual property taxes soared to $6,500 from $1,215.
News
Jan. 10, 2017
Over the past year, the levels of quitting and hiring haven’t made any progress. Hiring plunged during the recession, but by the end of 2015 the rate had climbed to a post-recession high of 3.8%. For the past eight months, it has hovered below that rate.
News
Jan. 6, 2017
The trade gap for goods and services increased 6.8% from a month earlier to a seasonally adjusted $45.24 billion in November, the Commerce Department said Friday. That took the monthly deficit to its highest level since February.
News
Jan. 6, 2017
"Nonfarm payrolls rose by a seasonally adjusted 156,000 in December from the prior month, a slowdown from November’s more robust gain, the Labor Department said Friday. For all of 2016, the economy added just under 2.2 million jobs, the smallest gain for a calendar year since 2011. The unemployment rate ticked up to 4.7% last month, but remains historically low. Wages showed new signs of firming, rising at the best annual rate since 2009, a sign that more than seven years into a slow-growing expansion labor-market conditions are finally tightening enough to reap payoffs for workers."
News
Jan. 3, 2017
Demand for small and midsize passenger cars has collapsed amid a sustained run of cheap fuel, pushing buyers to gravitate toward sport utilities, crossover wagons and pickups. . . Barclays’s Mr. Johnson estimates a “sedan recession” will have companies scrambling to cut about 2 million units of car production annually to make way for more SUVs and crossovers. This trend extends beyond the domestics—last spring, Toyota Motor Corp. retooled a cars-only assembly line at a plant in Princeton, Ind., to be able to build the Highlander SUV, helping notch its best sales month ever.
1 2 3 4 5 6 7 8 9 10   next           first    last


Topics


Regions


Industries


Sources