The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as...
US stocks were lower, but barely changed, on Wednesday, with none of the three major averages logging changes larger than 0.2% At the closing bell on Wednesday the S&P 500 dropped 0.13% to settled at 3,579.89, while the Dow and...
With inflation hitting a 40-year high and gas breaking $5 a gallon, all eyes are on the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting. According to Drew Matus, chief market strategist at MetLife Investment Management, the Fed...
Vanguard has just dropped its annual blockbuster survey of all the millions of retirement plans it manages, called How America Saves, and it’s pretty astonishing reading — as usual. Bottom line: The average reported balance is dismal. Ignore the headlines,...
They are creations of easy credit, beneficiaries of central bank largesse. And now that the era of unconventional monetary policy is over, they’re facing a challenge like never before. They are America’s corporate zombies, companies that aren’t earning enough to...
Americans are nervously grappling with soaring gasoline prices and inflation, a plunging stock market and sharply rising interest rates. But they were doing pretty well last fall. Seventy-eight percent of households said they were “doing okay” financially or “living comfortably,”...
Cryptocurrency prices undermined by fears of recession. Tokens, which are supposed to reduce volatility, are collapsing. Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes,...
For the last year cryptocurrencies have traded increasingly like equities, making the U.S. central bank’s monetary policy one of the most important drivers of the crypto market’s performance. But crypto analysts and traders aren’t expecting market-shaking moves to follow the...
The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal Reserve's aim of cooling the housing market may be beginning...
U.S. Treasury yields slid Tuesday for a third straight day, amid signs that positioning for higher yields had become extreme, setting the stage for a snap-back. Those signs amplified fundamental concerns about the potential impact on global growth of new...
Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. The inflation surge in the United States picked up speed in March, as prices rose 8.5 percent compared...
Fed prepared to take stronger action if warranted, she says ‘Inflation is much too high and is subject to upside risks’ Federal Reserve Governor Lael Brainard called the task of reducing inflation pressures “paramount” and said the central bank will...
U.S. 5-year and 30-year Treasury yields on Monday inverted for the first time since 2006, raising fears of a possible recession. The yield on the 5-year Treasury note rose to 2.56%, while the 30-year yield fell to 2.55%. This is...
Russia's central bank kept its key interest rate at 20% on Friday following last month's massive emergency hike and said it would start buying OFZ government bonds, warning of an imminent spike in inflation and a looming economic contraction. Bank...
Covid cases surge above 5,000 to highest level since 2020 China’s outbreak comes as world grapples with Ukraine fallout The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater...
