Seven years in the credit-counseling business didn't prepare Ann Estes for the alarming trend she began noticing last fall: As her clients' mortgage bills became unaffordable, a growing number of them began paying their credit card bills before -- and sometimes instead of -- their mortgages.
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Latest Financial News
Blackstone to Buy Hilton for $26B (San Fransisco Chronicle)Hilton Hotels Corp. said Tuesday it has agreed to be acquired by The Blackstone Group LP in an all-cash transaction valued at $26 billion. The private equity group agreed to buy all outstanding Hilton shares for $47.50 each, a 32 percent premium over...
Oil pushes ahead while lead hits new record (Financial Time)Oilprices on Tuesday pushed firmly ahead to a new high, supported by low US petrol and heating oil inventories. Continued opposition from Opec to raising its output quotas and perceived higher geopolitical insecurity provided support.
Global overview: Deals drive equity sentiment (Financial Time)A fresh burst of merger and acquisition activity helped world stock markets maintain their upward momentum, in spite of some disappointing news on the US housing market.
Oil steadies above $70 while grains rise (Financial Time)Oil prices consolidated above $70 level while US grains prices moved higher following the latest update from the US Department of Agriculture, released on Friday.
Commentary: Grain futures likely to see more gains in July (MarketWatch.com)CHICAGO (MarketWatch) -- In the past, at least for most of my 17-year career, the commodities markets have been a small part of the overall investment picture for most investors.
Triple Point Announces General Availability of Commodity XL for Biofuels (Business Wire)WESTPORT, Conn.--(BUSINESS WIRE)--Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities,
Power In Energy Trading Shifts to Smaller Brokers (Wall Street Journal)Small energy brokers active in over-the-counter markets are flourishing while those operating on regulated commodities exchanges languish.
