The Federal Reserve Bank of New York (FRB) said that the total debt of American households reached a record level of $ 13.15 trillion. More than half ($ 8.9 trillion) of this amount was mortgage debt. Despite the growth of total debt, the share of overdue loans decreased. On Tuesday evening, the Federal Reserve Bank of New York published data on the current state of the debt of American...

The fulfillment of the agreement on limitation of OPEC + oil production is now at a record high level, the International Energy Agency (IEA) points out in its February review. At the same time, it notes that the additional supply in the oil market, especially in the US, may exceed the expected increase in demand. Deliveries of OPEC countries in January did not change compared to December,...

Demography has become the most serious problem for the central banks of Asian countries, and they have few opportunities to change the situation, writes Bloomberg. The elderly population, as a rule, means less labor force. At that, the number of taxpayers and consumers of non-pension age is less. The potential rate of economic growth is declining, and impulses of inflation are weakening as the...

The volume of oil production in the US in January increased by 100 thousand barrels per day compared with December - up to 10.2 million barrels per day (bpd), according to the US Energy Information Administration (EIA). The average production in 2017 was 9.3 million bpd. Now the agency forecasts a significant increase in supply: up to 10.6 million bpd in this year and up to 11.2 million bpd in...

Large financiers fear that IT giants will take control of the banking system and take away the tastiest pieces from them. They demand that watchdogs take urgent measures. IT-giants hitting on the finance sphere threaten financial stability, the Financial Times writes. Officials of the EU's financial authorities believe that the largest American and Chinese high-tech groups should work under the...

A bitter disappointment came after a stormy take-off at the end of last year and the euphoria for the crypto-currency fans. Bitcoin lost all of December's conquests in January and during a few days of February and on Monday fell even lower. In total for the first month of 2018, the market of crypto-currencies lost $ 340 billion, mainly due to the very real war that many Asian countries announced...

Seven out of ten European online buyers at least once bought goods in a foreign online store. The main reasons for buying goods on foreign websites are more favorable prices and the need for a particular brand or product. According to Pulse of the Online Shopper study, commissioned by UPS in European countries in 2017, this indicates new opportunities for retailers operating in different regions...

The American stock index Dow Jones demonstrated the most serious drop in one-day and weekly calculations since the global financial crisis of 2008. The US stock market suffered significant losses in the first week of February 2018. The S&P 500 index fell 2.1%, to 2,762.13 points; following the results of the week, the S&P 500 declined 3.9%. For the S&P 500, this was the most serious...

Last Friday, three large US banks banned their customers from buying cryptocurrency using credit cards. JP Morgan Chase & Co., Bank of America and Citigroup fear that customers would not be able to return the bank's money taken from credit cards in the event of a collapse in prices for digital currencies. The fall in prices for crypto-currencies in January led to the fact that large banks are...