The housing market has held up remarkably well, but rising mortgage rates and a limited inventory of existing homes are likely to test its resiliency over the coming months. Reports this week on new and existing home sales will provide...
House Republicans unveiled on Monday their long-awaited plan to repeal and replace the Affordable Care Act, scrapping the mandate for most Americans to have health insurance in favor of a new system of tax credits to induce people to buy insurance on...
Retail more bullish than institutional money: JPMorgan Chase ​Rise in passive investing may explain end-of-day trading surge You can thank the little guy for Dow 20,000. That’s the takeaway from data tracking money flows into and out of stocks, according...
Foreign ministers present united front on Trump’s overhaul ​U.S. president prefers to make bilateral deals on trade The foreign ministers of Mexico and Canada presented a unified front ahead of potential trade talks with Donald Trump’s administration, stressing the North...
Japan’s portfolio decreased for a fifth consecutive month ​Treasury data show Japan as top U.S. foreign creditor in 2016 China’s holdings of U.S. Treasuries declined by the most on record last year, as the world’s second-largest economy dipped into its...
U.S. oil producers sent a record 7 million barrels of crude out into the world market last week, at a time when OPEC members have cut back on their own output by nearly the same amount. Analysts say it makes sense that...
How to find the cheapest tax prep software that’s right for you. Every January, it starts again. TurboTax battles H&R Block for dominance in tax preparation, while smaller players fight over the rest of the market. Despite the fierce competition, your...
Greenback’s rise caused by anticipation of fiscal boost Appreciation will harm economy if Trump can’t deliver The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be good or bad, depending on whether President-elect...
Measure of Americans’ expectations surges to a 13-year high More households expect better economy, labor market in 2017 Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at...
Nearly half of 30-year-olds earn less than their parents did at that age. The impact on politics has been clear: a new spirit of populism and unrest. The engine of capitalism is struggling to create the abundance that was once...
Tax prep companies are coming to grips with an age-old business convention: Once you give it away for free, no one will want to pay for it ever again. The industry is offering more free online options for do-it-yourself tax...
Even the investment greats are not immune to the troubles plaguing the hedge fund industry. With months of poor returns and investor redemptions having hit many hedge funds across the industry, the biggest news out of the hedge fund world...
The housing bust is officially over, 10 years after it started. But like much else in the economy, the real-estate recovery has benefitted the wealthy more than others, with many ordinary folks still falling behind. A prominent gauge of home...
Senior EU officials fear allowing Britain to exit on its own terms could empower far-right candidates in France and Germany. European leaders have reportedly come to a 27-nation consensus that the UK must be forced into a hard Brexit in order to counter...
Donald Trump invoked China so much as a candidate that his mere pronunciation of the word became something of a craze. When he becomes president on Jan. 20, Trump will have the chance to take action against the country he blames the most for stealing...
