Bloomberg US consumers continued to seek out more credit cards this year even as the Federal Reserve aggressively lifted borrowing costs, a shift that cooled demand for mortgages, auto loans and other types of credit, according to research from the New York Fed. The New York Fed’s most recent credit-access survey showed an application rate for credit cards of ...

  Bloomberg Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. “The conditions that are typically consistent with an equity trough have not yet been reached,” strategists including Peter Oppenheimer and Sharon Bell wrote in a note on Monday. They ...

Bloomberg Stocks fall amid concern that China may tighten Covid curbs after a string of reported deaths, with investors seeking shelter in the dollar. European equities edged lower, with mining stocks the biggest drag on the regional benchmark index. S&P 500 and Nasdaq 100 futures contracts both dropped by about 0.5%. Walt Disney Co. rallied more than 10% in New ...