SMITH BRAIN TRUST – Stocks surged on Wall Street last week, even as a violent siege at the U.S. Capitol left many Americans feeling unsettled. The Dow Jones ended the week above 31,000, near its all-time high. The S&P 500 and NASDAQ, meanwhile, also showed gains on the day and for the week.
SMITH BRAIN TRUST – Seven years in the making, the recently completed Comprehensive Agreement on Investment aims to rebalance trade between the European Union and China.
SMITH BRAIN TRUST – How will a Joe Biden presidency affect the American economy, and what will it mean for the U.S. role in global economies, including China’s?
SMITH BRAIN TRUST – At a time when Americans are sharply divided about politics, corporate compliance officers are under pressure to talk to employees about ethical behavior, in the office and on social media.
SMITH BRAIN TRUST – The Consumer Financial Protection Bureau appears to have missed an opportunity to correct a nagging issue in its definition of a qualified mortgage, Maryland Smith's Clifford Rossi writes in HousingWire. And it goes to the heart of the borrower’s ability to repay.
SMITH BRAIN TRUST – For many people, video games became a boon to help pass the time at home during the early months of the Covid-19 pandemic. But for others, grinding games helped develop a new hobby: stock trading.
SMITH BRAIN TRUST – Recent COVID-prompted Federal Reserve actions, fiscal policy responses, forbearances and foreclosures moratoriums have affected the reliability and stability of mortgage finance data models -- and the industry more broadly.