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 economic landscape in the United States presents a challenging scenario for Americans nearing retirement. The convergence of inflation, high interest rates and an unpredictable stock market has significantly impacted retirement plans. Despite a decrease in inflation, concerns about income...
Student loan forgiveness was struck down last summer by the Supreme Court. But all hope for debt relief isn’t lost. Nearly 44 million Americans held student loans valued at more than $1.6 trillion at the end of March, according to...
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...
One of the nice things about 401(k) plans is that they come with very generous annual contribution limits. This allows savers to sock away a nice amount of money for retirement and, at least in the case of a traditional...
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...
Having enough cash to cover the bills must be job one when it comes to retirement savings. Yet, the retirement gap − the risk of not having enough money throughout retirement to cover typical spending − is widest among late...
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....
Workers have received big raises during the last couple of years, but that may fade soon amid economic uncertainty, according to a survey released Monday. Nearly half (49%) of 600 business leaders surveyed this month by ResumeBuilder.com said they won’t...
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...
Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations. Here’s what you need to know. The IRS...
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...
