A Moody’s downgrade of the US credit score reverberated through financial markets Monday and pushed down stocks, but the response from Republicans crafting a bill that could add trillions in new red ink was to immediately try to minimize the...
JPMorgan Chase (JPM) CEO Jamie Dimon warned that he sees an “extraordinary amount of complacency” in markets after investors clawed back their “Liberation Day” losses, emphasizing that the risks of higher inflation and even stagflation are still higher than people...
Wall Street is warning that the U.S. Department of Education’s crack down on student loan repayments may take billions of dollars out of consumers’ pockets and hit low income Americans particularly hard. The department has restarted collections on defaulted student...
The US economy contracted for the first time in three years to start 2025 as a surge in imports dragged down GDP and prices increased more than forecast. The Bureau of Economic Analysis’ advance estimate of first quarter US gross...
The Federal Reserve is in a tough spot following new data Wednesday reinforcing slower economic growth and higher inflation during the first quarter, a combination that may eventually force the central bank to choose between its dual goals of maximizing...
The Department of Education announced on Monday that major collections efforts against millions of defaulted federal student loan borrowers will be resuming in a matter of weeks. These efforts will include involuntary collections activities that allow the government to intercept...
Federal Reserve Governor Adriana Kugler said on Tuesday that with U.S. import tariffs significantly larger than expected and likely to put upward pressure on prices, the central bank ought to keep short-term borrowing costs unchanged until inflation risks recede. Kugler...
Unemployment concerns are on the rise among American workers as fears about the labor market in March reached levels last seen during the pandemic, according to a new survey released by the Federal Reserve Bank of New York on Monday....
It’s been one of the most chaotic stretches for US markets in recent memory. The S&P 500 (^GSPC) fell more than 10% in just three days. The three-day collapse in stocks following President Trump’s tariff announcement sits just below the...
President Trump surprised markets again on Wednesday, announcing steep reciprocal tariffs on a range of trading partners in addition to a “baseline” reciprocal tariff rate of 10% in a move that sent markets tumbling. “The tariffs were definitely worse than...
Businesses around the globe on Thursday faced up to a future of higher prices, trade turmoil and reduced access to the world’s largest market after U.S. President Donald Trump confirmed their worst fears by instituting broad tariffs worldwide. Trump ramped...
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...
