America’s stockpile of crude oil has dropped to the lowest level in more than four decades. According to the US Department of Energy, the US Strategic Petroleum Reserve declined by 6 million barrels last week to 298.7 million. Data from...
Cleveland Federal Reserve president Beth Hammack said Monday she anticipates more than one interest rate hike will be required to rein in what she calls broadening inflation. “I would say in general, one 25 basis point move probably doesn’t do...
Toronto-based Coinkite says software bug meant passwords were less secure than thought Dozens of bitcoin investors around the world received a rude awakening last week after discovering they had collectively lost millions of dollars after their accounts with Toronto-based crypto...
KOSPI’s 35.8% Plunge from Peak Sparks ‘Zero-Loss Investment’ Trend Among Office Workers The KOSPI, which had risen to the 9,000-point level just over a month ago, has fallen to the 6,000-point range, sparking discussions among office workers about the term...
Surging retail trading isn’t just transforming markets; it’s also highly correlated with demoralization in young men, according to a new study. One-quarter of men aged 18-29 said they trade stocks daily, and almost two-thirds of them (64%) report feeling like...
Mortgage rates rose to their highest level in a year amid the re-escalating conflict with Iran and investors grew more worried about the Federal Reserve’s plans to tame inflation. The average 30-year mortgage rate rose 8 basis points to 6.66%...
It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank’s reputation as an inflation fighter. But as he took to the podium to explain why the Fed again sat on the fence...
Elon Musk came the closest he has yet to addressing long-running speculation that he intends to combine Tesla (TSLA) and SpaceX (SPCX) on Tesla’s Q2 earnings call, but stopped short of confirming anything. Asked whether he sees value in eventually...
What happened: Bond yields continued to climb on Thursday as oil prices rose amid an escalating conflict in the Middle East. The 10-year yield (^TNX), used as a benchmark for mortgage and loan rates, rose to 4.7% on Thursday, the...
Market Review Markets continued to move higher through the first half of 2026. The S&P 500 Index was up 9.97%, international developed stocks, as measured by the MSCI EAFE Index, were up 8.93%, and bonds, as measured by the Bloomberg...
Here’s who is eligible for $1,000 in free money — and where it can be invested Monday was the first trading day for a generation of children to start building wealth using newly established “Trump accounts.” President Donald Trump rang...
The newly created “Trump accounts” began on the Fourth of July. If the accounts move the country toward private Social Security accounts, as the legislation’s sponsor Sen. Ted Cruz (R-Texas) suggests, it will be one of President Trump’s most consequential...
Federal Reserve Chairman Kevin Warsh doubled down on the central bank’s commitment to bring down inflation in his first comments since his inaugural press conference two weeks ago. “We’ve all looked around, and we’ve seen that prices are too high,”...
Oil market watchers entered 2026 widely in agreement on an emerging multibillion-barrel glut that was sure to depress prices throughout the year. That is not what they received. Instead, a series of unexpected geopolitical catalysts — above all, the war...
More than 1,000 people become millionaires in the U.S. each day. If you’ve dreamed of becoming a millionaire, you’re not alone. To many, hitting this financial milestone signals you’ve “made it.” With assets valued at seven figures, you can wave...
