The slide witnessed in the stock market this week should not give investors cause to worry, analysts have said. The market capitalisation of listed equities of the Nigerian Stock Exchange had depreciated by N134bn between Monday and Wednesday, opening at N8.698tn on Monday and closing at N8.565tn on Wednesday. The […]
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Rising Home Prices Force Low-Wage Workers to Leave Major U.S. Cities: Harvard Study
Sales of single-family homes in the U.S. rose by 5.7% in September, the highest rate since April 2010. Most would argue that these numbers are indicative of an improving economy — an increase in housing sales leads to an increase in housing prices. Daniel Shoag, associate professor of Public Policy […]
U.S. sues Bank of America over “Hustle” mortgage fraud
The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac. Wednesday’s case, originally brought by a whistleblower, is the U.S. Department of Justice’s first […]
