Loans

Republican Congress members upset banks dropping support for fossil fuels

Enlarge NOAA Last week, Republican House members sent a letter to President Donald Trump in which they decried banks’ recent re-evaluations of the risks of fossil fuel investments. While the letter doesn’t call for any particular action, it repeatedly mentions the assistance offered to banks via the Coronavirus Aid, Relief, and Economic Security Act 9 …

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MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse

The decentralized finance lending market Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 hours, triggering a zero-bid attack as the Maker system became swamped with a huge volume of liquidations. In the aftermath of the …

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US Real Estate Market Shudders: Experts Predict 40% Lower Sales, March Contracts Dip by 21%

According to the National Association of Realtors, pending contracts for property sales dropped by 20.8% in March. Further, the 30-year fixed mortgage interest rate dropped to 3.43%, but a great majority of people are still not interested in buying or renting homes at the moment. Economists predict that home sales could shudder in the next …

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