Banks Overwhelmed by Mortgage Refinancing After Job Cuts
Sept. 2 (Bloomberg) -- Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge. “There’s just so much volume,” said Kristin Wilson, a…
Stocks plunge after US hiring dries up in August
NEW YORK (AP) -- Stocks tumbled Thursday after a dismal report on the job market renewed fears of another recession. No new jobs were created in the U.S. last month, the government said early Friday.…