Federal Reserve liquidity facilities caught fire on Friday as month-end pressures pushed a key lending tool to a record level of usage. The Fed’s Standing Repo Facility lent a total of $50.35 billion on Friday to eligible financial firms in...
A new TransUnion report finds more Americans are shifting to either extreme of the credit risk spectrum: Super prime and subprime. Looking for more evidence of a topsy-turvy, “K-shaped” economy? Check out what’s happening to credit scores. A report from...
The landscape of top artificial intelligence stocks continues to evolve. Amid worries over an AI bubble, investors need to be picky when looking at semiconductor, software and other plays. Among AI stocks in the spotlight are Oracle (ORCL), Nvidia (NVDA),...
Mortgage rates have been fluctuating over the past month, but all the changes have been small. This week, interest rates have finally made a more noticeable dip. According to Freddie Mac, the 30-year fixed mortgage rate dropped by eight basis...
A stablecoin is a cryptocurrency designed to maintain a consistent price relative to another asset, usually the U.S. dollar. Said another way, a perfectly effective stablecoin pegged to the dollar will always be worth $1. This behavior differs dramatically from...
It’s not too late. More than half of Americans age 50 and older worry that they won’t have enough money in retirement, and nearly as many wish they’d started saving earlier. Unfortunately, you can’t turn back the clock — but...
The median net worth of the top 1% is about 67 times higher than that of the typical American. “The 1%” is a common phrase used to describe the wealthiest Americans. But what does that mean exactly? And what does...
A Monday meeting in the Oval Office doesn’t appear to have lessened the chances of a partial government shutdown, with commentary from both sides into Tuesday suggesting no deal is in the immediate offing. “We have very large differences,” Senate...
A government shutdown brings many of the nation’s federal functions to a halt while lawmakers hash out an agreement to provide funding for services like passport processing, disaster aid, and small business loans. But if you’re among the 68 million...
The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from...
These stats highlight how Americans are saving, investing, and working toward their financial goals. When it comes to savings and wealth, digging into national data is one way to put your own finances into perspective. Looking at how Americans are...
Is Jerome Powell a lame-duck as chair of the Federal Reserve? The central bank’s meeting this week could give us the answer as he tries to steer a divided monetary-policy committee. Barron’s
...Wall Street has priced in a 25 basis point cut to interest rates— the first of this year — expected from Federal Reserve officials coming out of their FOMC meeting this week. The biggest question now is what the US...
Mortgage rates edged toward a new yearly low in the wake of weak job market data and ahead of a key Fed meeting. The average rate for a 30-year fixed mortgage was 6.35% in the week through Wednesday, according to...
The U.S. dollar fell against the yen on Tuesday after the government estimated the world’s largest economy created nearly a million fewer jobs from April 2024 to March 2025, suggesting a far weaker labor market than what initial numbers showed...
