The People’s Bank of China injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting the central bank may be ramping up financing for housing and infrastructure projects to support the economy. The outstanding amount of...
The next generation to be retiring has a lot of catching up to do It’s a conundrum of dreams vs. reality. Generation X — born between 1965 and 1980 — say they will need on average $1.1 million in savings...
Inflation is coming down, but not without some twists and turns. Overall inflation eased again in November, as a drop in gasoline prices offset another increase in rent. But an underlying measure that the Federal Reserve watches closely stayed elevated,...
Argentina’s central bank is restricting access to dollars at the official exchange rate until President Javier Milei’s administration announces the first measures of a promised shock-therapy program aimed at eradicating inflation. The monetary authority said Monday morning that the country’s...
The US job market is finally normalizing after COVID threw it out of whack nearly four years ago. The latest Job Openings and Labor Turnover Survey, or JOLTS report, released Tuesday revealed the ratio of job openings to the number...
UBS Chairman Colm Kelleher warned against growing risks in private credit as the market continues to boom. “There is clearly an asset bubble going on in private credit,” Kelleher said at the FT Global Banking Summit in London on Tuesday....
Home sales numbers released Tuesday offered more sobering news: The number of existing homes sold continued their fall to levels last seen during the fallout of the Great Recession. At the same time, prices remain stubbornly high amid the highest...
Private equity firms that amassed more than $1.5 trillion of assets in China in just two decades are now struggling to offload once-promising investments they were counting on for hefty returns. With public markets in a slump and offering unattractive...
WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company — which at its 2019 peak commanded a...
The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest from Nov. 1 through April 2024, up from the 4.3% annual rate offered since May. Tied to inflation, investors can claim 5.27% for six months...
A cocktail of high mortgage rates and high home prices has driven potential buyers to back out of deals at the highest rate in a year. Monthly pending home sales that fell out of a contract in September notched 16.6%,...
A hot jobs market is continuing to help boost consumer spending. Retail sales rose 0.7% in September from the previous month, more than double Wall Street’s estimates for 0.3% growth, according to new data from the Commerce Department released on...
A group of investors who hold more than $6 billion of bonds issued by ailing Chinese property giant Evergrande said the developer could soon face big trouble that could spill out into the rest of the country’s real estate market. ...
The selloff in Treasuries accelerated, driving yields to new multiyear highs, after an unexpected jump in job openings reinforced speculation that the Federal Reserve isn’t done raising interest rates. The rout sent the 10-year note’s yield up as much as...
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. Hit by a drought of deals and dwindling...
