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The Latest Breaking News from Betsey Stevenson

Opendoor CEO Kaz Nejatian Says He's 'Super Bullish' On Trump's 50-Year Mortgages: Will Allow People To 'Get Their Foot In The Door'

President Donald Trump’s 50-year mortgage plan, aimed at tackling America’s housing affordability crisis, received the backing of real estate iBuying platform Opendoor Technologies Inc.’s (NASDAQ:OPEN) CEO, Kaz Nejatian, who described the move as being bullish for the sector.

Obama-Era Economic Advisor Says Trump's 50-Year Mortgage Plan Is Driving Her 'Bonkers': Here's Why

Obama-Era Economic Advisor Says Trump's 50-Year Mortgage Plan Is Driving Her 'Bonkers': Here's Why

Former Obama economic adviser Betsey Stevenson waded into the debate over President Donald Trump's proposed 50-year mortgage on Monday, warning that while such loans might help some buyers, they would almost certainly mean steeper borrowing costs and painfully slow equity gains.

Economists Warn US Close To 'Stall Speed' And Could 'Tip Over Into Recession' On Disappointing Jobs Report

Economists Warn US Close To 'Stall Speed' And Could 'Tip Over Into Recession' On Disappointing Jobs Report

The July Jobs report by the Bureau of Labor Statistics, released on Friday, is raising concerns among economists, who warn that the latest data and sharp downward revisions point to a labor market that is losing momentum and potentially edging toward a recession.

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Obama-Era Economic Advisor Warns Ending Fed Independence Could Lead to 'Higher' Mortgage Rates: How High? — 'That Depends On...'

University of Michigan economist and former Obama White House advisor Betsey Stevenson issued a stark warning about the consequences of ending the Federal Reserve's independence.

'It’s hell': How divorce laws are designed to create unnecessary financial hardship for women

Women initiate 70% of divorces. A drawn-out process, child care responsibilities, and structural inequities rob them of bargaining power.

Women are returning to the job market in droves, just when the U.S. needs them most

The pandemic was hard on working women, but they've come roaring back into the labor force. The share of working-age women who have jobs or want one hit an all-time high in May.

Credit Suisse and SVB banking crises are 'not a repeat of 2008'

The sudden collapse of Silicon Valley Bank and renewed crisis at Credit Suisse are raising fears of another global financial crisis, but most experts agree that we shouldn't worry too much … yet.

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U.S. factories emerge as a strong point in a weakening economy

U.S. factories emerge as a strong point in a weakening economy

Factories have added 467,000 jobs in the last 12 months, as production jumped to its highest level since 2008. But manufacturing remains a much smaller slice of the U.S. economy than it used to be.

Economists say inflation is easier on Gen Z, TikTok disagrees

Economists say inflation is easier on Gen Z, TikTok disagrees

With fewer assets to erode, and flexibility to change jobs, Gen Z is positioned well for inflation, but that's not how they're seeing it.

Women are returning to (paid) work after the pandemic forced many to leave their jobs

Women are returning to (paid) work after the pandemic forced many to leave their jobs

The number of women in the workforce has finally returned to pre-pandemic levels, which is good for the economy. But after time away from the job market some women are reassessing their priorities.

Biden's inflation crunch: Too much shopping — even at beach

Biden's inflation crunch: Too much shopping — even at beach

President Joe Biden could have looked out the window of his limousine on his drive last weekend to his beach home and seen firsthand why he's struggled to contain inflation

The Independent UK

The Great Upgrade: Making the most of The Great Resignation

The Great Upgrade: Making the most of The Great Resignation

US workers are in their strongest bargaining position in decades, but it won’t last forever.

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