Benchmark Treasury yield dips below 1%; dollar advances ​Some investors doubt Fed rate cut alone can prop up growth Stocks rebounded as investors digested a surprise in the U.S. presidential primary and weighed the potential for more of a concerted...
Authorities uncovered 60 alleged Ponzi schemes last year with a total $3.25 billion in investor funds — the highest amount since around the time of the Great Recession, according to new data. Bernard Madoff ran the largest Ponzi scheme in...
S&P sees fastest four-day drop in its history following record ​U.S. equity benchmark down more than 7% in past four days Stocks are bouncing back from two sessions in which the selling bordered on the historic. However long it lasts,...
Taxes are one of life’s certainties, but getting audited by the IRS is increasingly less certain these days. In fact, an audit is about half as likely as it was five years ago. Even so, some groups face higher audit...
Americans who fall behind on loan payments, rack up rising debt or take out personal loans to consolidate debt will likely see their credit scores fall under updates planned for the popular FICO scores, according to Fair Isaac Corp., the...
China’s long-running debt problems reached a tipping point this year, crippling numerous small lenders and raising concerns about a systemic liquidity crunch. The lack of confidence resulted in multiple rural bank runs. Worse still, the estimated trillions of dollars of...
Trump revives Brazil, Argentina steel tariffs, swipes at Fed ​U.S. factories extend contraction as index misses forecasts U.S. stocks dropped on concern over global trade risks and disappointing factory data. The dollar and bonds declined. The S&P 500 Index fell...
As WeWork crashes and Uber bleeds cash, the consumer-tech gold rush may be coming to an end. Several weeks ago, I met up with a friend in New York who suggested we grab a bite at a Scottish bar in...
This morning, CBS News and other news outlets reported that General Electric has announced that it will be freezing its pension plans for U.S. salaried workers and executives at year-end 2020, according to an October 7 GE press release. They...
After working for multiple decades, it's not uncommon for a taxpayer to have multiple traditional IRAs. Perhaps you have rollover IRAs from previous jobs or several IRAs at different financial institutions. But “in the eyes of the IRS you have...
The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force...
Andrew Bosomworth, managing director and head of portfolio management in Germany at Pimco, discusses Europe nearing a liquidity trap and why European Central Bank policy is increasingly subordinated to fiscal policy. He speaks with Bloomberg's Guy Johnson on "Bloomberg Markets."...
Americans aren't exactly known as strong savers, which explains why so many live paycheck to paycheck. But in a survey by the CFP Board released earlier this year, 48% of U.S. adults aren't saving any money for retirement. And that's...
Choosing a financial advisor has always been a confusing, high-stakes decision, and critics say a recent regulation designed to help consumers may actually have made it harder to know whom to trust. On its face, the new measure, known as...
There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. government bond yields couldn’t join much of the developed world in the subzero...
