There is, once again, something shady happening on Wall Street. And when I say shady, I mean it literally: The drama du jour comes from the world of private credit, which is part of a vast, opaque industry known as “shadow” banking....
Mortgage rates dipped into the 5% range for the first time since 2022 as Treasury yields continued to fall. The 30-year fixed mortgage rate fell three basis points for the week ending Wednesday to 5.98%. That’s the lowest level since...
AI is just one part of the complicated GDP and labor market picture. Consumer spending is soldiering on. Business investment continues to grow. And the economy’s expanding, albeit at a slower pace. So where are the jobs? The US saw...
Friday’s landmark Supreme Court ruling struck down President Trump’s blanket tariffs but left open a key question around whether companies that already paid the duties will be able to get refunds. The court’s majority opinion was silent on that top-of-mind...
Before you make your next big business purchase, there’s a tax update you need to know… In a special segment from this week’s episode of The Big Idea with Elizabeth Gore, featuring Vita Coco (COCO) Co-Founder and Executive Chairman Mike...
Two new voting members on the Federal Reserve this year said Tuesday they would prefer to hold rates steady for now because of concerns about inflation. “I believe monetary policy is in a good place to stay on hold as...
Gold (GC=F) and silver (SI=F) appeared to steady on Monday following a dramatic crash and a reversal of a parabolic rally that stunned Wall Street. “The dam broke,” Tom Essaye, founder of Sevens Report Research, told Yahoo Finance on Monday....
Much-expected January payrolls, originally scheduled for Friday, are delayed because of the partial government shutdown. Strong growth and above-target inflation mean Capital Economics expects only one Fed rate cut of 25 basis points this year. The Wall Street Journal
...The Federal Reserve is widely expected to hold interest rates steady at its policy meeting this week, following three successive cuts at the end of 2025. So all eyes will be on how long officials signal they plan to hold...
President Donald Trump indicated he’s comfortable with the dollar’s recent decline, helping send the currency to its lowest level since early 2022. “No, I think it’s great,” Trump told reporters in Iowa on Tuesday when asked if he was worried...
The U.S. Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell’s tenure ends in May, according to a majority of economists polled by Reuters, a shift from last month when most expected...
US Supreme Court justices expressed skepticism Wednesday of the Trump administration’s arguments for firing Federal Reserve governor Lisa Cook, cautioning that there are larger implications not just for the central bank and its independence but for government appointees more largely....
2025 Market Snapshot For the year, US equities, as measured by the S&P 500, posted a 17.9% gain. International equities, captured by the MSCI EAFE, outperformed markedly, delivering a 31.2% return. This excess is largely attributable to a 10% depreciation...
More car buyers are taking on $1,000-a-month payments, data shows. The average monthly payment on a new vehicle in 2015 was $491. The average amount financed: $28,769. Now, some 10 years later, the average monthly payment in the fourth quarter...
As if student loan borrowers didn’t have enough to worry about, some who fell into default during the pandemic-era payment pause are now seeing a long-dreaded consequence hit their paychecks: Federal wage garnishment has officially restarted for the first time...
