A revolutionary new technology comes along and infatuates investors with its seemingly limitless possibilities. Euphoria sparks a stock market rally. Eventually, things get overheated and share prices become ridiculous. Then it all collapses. Sound familiar? It happened exactly 25 years...
Fed Chair Jerome Powell did not shy away from the impact of President Trump’s tariffs during a highly anticipated press conference Wednesday. The Federal Reserve chairman said in no uncertain terms that Trump’s trade agenda would be likely to drive...
Investors took comfort in U.S. President Donald Trump’s commitment to cutting taxes in a major address to Congress but voiced concerns about his continued focus on tariffs and a proposal to ditch a semiconductor chip manufacturing subsidy. The president’s remarks...
The Social Security Administration has released a new expedited timeline for when more than 3.2 million individuals will see one-time payments and higher benefit checks following the enactment of a new law. The Social Security Fairness Act was signed into...
The Trump administration’s idling of the Consumer Financial Protection Bureau (CFPB) left in limbo significant cases the agency brought against companies and large financial firms in the waning days of President Joe Biden’s time in office. The CFPB in January...
A rising number of Americans are anxious about the state of the US economy — and it’s all about inflation. The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment declined to its lowest level in seven...
The Trump administration’s plans for trade tariffs come with inflation risks, three Federal Reserve officials warned on Monday, with one arguing that uncertainty over the outlook for prices calls for slower interest-rate cuts than otherwise. Trump on Saturday slapped across-the-board...
Investors aren’t expecting many surprises at the end of the Federal Reserve’s Wednesday FOMC policy meeting, where central bank officials are widely expected to hold interest rates steady following three consecutive cuts at the end of 2024. There is considerably...
The past year saw significant expansion in the economy: Inflation fell, as did interest rates. Unemployment rates remained low, and the S&P 500 rose by more than 20%. But with a new incoming administration, shifting financial policies, and continued recovery...
Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and...
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to reduce its benchmark interest rate by...
November’s Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its final interest rate decision of the year after cutting rates by...
The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks. President-elect Donald Trump’s...
The tech job market is in a tough spot right now. People like Jon Bach, a former director at eBay, are feeling the squeeze. Bach worked at eBay for 13 years, but after getting laid off in January, his job...
Several Federal Reserve officials have signaled they’re open to cutting interest rates at a more deliberate pace next year as they grapple with the uncertainties of a Republican takeover in Washington, a pickup in productivity and slower improvement on inflation....
