• Fed's Flow of Funds: Household Net Worth increased in Q3

    5 days ago - By Calculated Risk

    The Federal Reserve released the Q3 2018 Flow of Funds report today: Flow of Funds .
    According to the Fed, household net worth increased in Q3 2018 to $109.0 Trillion, for $106.9 Trillion in Q2 2018:
    The net worth of households and nonprofits rose to $109.0 trillion during the third quarter of 2018. The value of directly and indirectly held corporate equities increased $1.2 trillion and the value of real estate increased $0.2 trillion. The Fed estimated that the value of household real estate increased to $25.4 trillion in Q3. The value of household real estate is now above the bubble peak...
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  • Bank stocks fall the most in 18 months, tumbling into a bear market

    Bank stocks fall the most in 18 months, tumbling into a bear market

    5 days ago - By Business Insider

    US bank stocks are leading equity markets lower with Morgan Stanley down 4.2% and JPMorgan dropping 3.5%.
    The KBW Bank Index turned in its biggest two-day move in 18 months, tumbling into a bear market.
    Citigroup is down 5.7% after it said it could miss key performance goals and fourth-quarter revenue targets .
    The yield curve is flattening , which could end up hurting the profitability of banks in the future.
    Bank stocks are plunging as global equity markets continue their sell-off, driven by a flattening yield curve and trade-war tensions.
    The KBW Bank Index , which includes all of the...
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  • US productivity up 2.3% in third quarter

    US productivity up 2.3% in third quarter

    5 days ago - By Chron

    WASHINGTON - U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter.
    The third quarter gain in productivity was revised up slightly from an initial estimate a month ago of a 2.2% gain, the Labor Department said Thursday. It marks a more modest advance than the second quarter's 3% annual rate of increase. Labor costs were up at a 0.9% annual rate in the third quarter following a decline at a 2.8% rate in the...
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  • US productivity growth slowed to 2.3% rate in Q3, while labor costs rose at modest 0.9% rate

    5 days ago - By Chron

    WASHINGTON - US productivity growth slowed to 2.3% rate in Q3, while labor costs rose at modest 0.9% rate.
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