The Dow erased its gains for the year Tuesday, finishing 287 points lower and extending a global stock sell-off triggered by President Donald Trump's threat to levy billions of dollars more in tariffs on Chinese goods. It's the latest escalation...
The combined wealth of the world’s millionaires rose for a sixth straight year and topped $70 trillion for the first time ever in 2017 thanks to an improving global economy and strong stock market performance, according to a new report...
The U.S. labor market has reached another milestone: For the first time in decades, there are more job openings than unemployed Americans who could fill them. Vacancies rose to a fresh record of 6.7 million in April, according to the...
Outsized moves challenge bank, investment firm risk measures Italy yield jump, emerging-market currency swings stand out Rare market gyrations keep cropping up, presenting a challenge to the risk models at financial institutions. From Italian debt to emerging-market currencies, extreme market...
U.S. stocks powered higher Monday after President Trump's top Treasury official said the trade war with China is "on hold," a truce that removed a big risk from the market for now. One of the biggest obstacles facing stocks in...
A number of high-tax states have recently passed legislation to help residents manage new caps on their ability to take federal tax deductions. However, accountants are warning taxpayers to proceed with caution. This year, the Tax Cuts and Jobs Act...
That’s the amount of debt coming due in the next five years Tax reform is the wild card; some companies may have more cash Corporate America partied like never before on cheap money over the past decade, and now comes...
It stood at about $600 billion 10 years ago America’s student loan problem just surpassed a depressing milestone. Outstanding student debt reached $1.521 trillion in the first quarter of 2018, according to the Federal Reserve, hitting $1.5 trillion for the...
Despite an improving economy that should be easing the financial struggles of all Americans, a growing number of low- and middle-income households are plagued by high debt and have little or no savings. The financial strains have especially worsened for...
Global debt levels rose by $US21 trillion last year to $US237 trillion, the highest level on record. 80% of the increase in global debt levels over the past five years has occurred in emerging markets. With nominal GDP growing faster...
First banks widened the gap between what they pay you and what borrowers pay them. Now they will fight for your money. Hold your horses, savers. The Federal Reserve raised its benchmark lending rate a few weeks ago, the sixth...
Agency scrutinizing whether data use violates consent decree House Judiciary panel to get briefing from Facebook officials Facebook Inc. is drawing scrutiny from the main U.S. privacy watchdog and members of Congress over how the personal data of 50 million...
Federal Reserve chair Jerome Powell moved markets on Tuesday in his first appearance before lawmakers on Capitol Hill since his confirmation. In response to questions from Rep. Carolyn Maloney (D-NY), Powell hinted that more aggressive action on raising interest rates...
Three- and six-month bills sold at levels unseen since 2008 ​Bid-to-cover ratio on 4-week sale declined to near-decade low The U.S. Treasury on Tuesday sold $179 billion of securities as it works to rebuild its cash balance, with yields at...
As tax season heats up, there are a few outstanding issues and frequently asked questions the IRS wants to address. It has put forward a report to offer some basic information and help counter some common misconceptions. Here are three...
