Falling Treasury yields are raising questions about whether the market is signaling another coming recession, since inverting yields have had a strong track record of predicting downturns. The yield curve is viewed as a thermometer on market expectations over time...
The Trump administration’s 10% tariff on $200 billion in Chinese imports has been a nuisance, with many U.S. businesses absorbing the cost or working around it. But President Donald Trump’s threat over the weekend to hike the duty to 25% would...
Market Review What a difference three month makes. The headlines have completely flipped from the doom and gloom of Q4 to “Best Three-Month Start Since 1998” and “Best Quarter Since Q2 2009.” For the quarter, the S&P 500 ended up...
Most millennials define adulthood as being on their own financially, but the majority still depend on Mom and Dad for money, even in into 30s, according to a new Merrill Lynch/Age Wave survey given exclusively to USA TODAY. Seven in...
If economics were literature, the story of what happened to inflation would be a gripping whodunit. Did inflation perish of natural causes—a weak economy, for instance? Was it killed by central banks, with high interest rates the murder weapon? Or...
Critics of economics like to say that its abstract theories lack real-world pay-offs. There is a glaring counter-example: the global rise of central-bank independence in the past 25 years. In the 1970s it was normal for politicians to manipulate interest...
Saving for retirement or other big life moments is often viewed as an end in itself: Sock away a little bit each month, and you’ll achieve your financial goals. But many of these accounts can also play a role in...
Basket of American companies exposed to Europe up 23% in 2019 IMF sharply downgrades its outlook for euro-area economies The soft spot for the global economy is a source of strength for the U.S. stock market. A basket of American...
You finally finished your taxes and are learning – for better or worse – the ins and outs of the new law. But wait, the law isn’t done with you. There’s another complication coming out later this year: The Internal...
No one wants to lose money, particularly for retirement. But it happens – people lose track of, or don’t know they have, retirement accounts. It’s surprisingly easy to do. People switch jobs, move, change names and the company or plan...
Prime Minister Theresa May is expected to speak after a marathon Cabinet meeting on Tuesday, according to media reports. Meanwhile, members of Parliament are maneuvering to try to prevent a no-deal split in 10 days. Kitty Donaldson & Robert Hutton...
The House of Commons will attempt to break its Brexit deadlock on Wednesday with votes on alternatives to Prime Minister Theresa May’s divorce deal with the European Union. The exact way the so-called “indicative votes” will work is still the...
The countdown to the tax-filing deadline is underway. Most taxpayers have until April 15 to file their federal returns. Residents in Maine and Massachusetts have until April 17 due to local holidays. If you don’t file on time, you risk...
No one wants a visit from the Internal Revenue Service. But if you get too generous with your calculations, you may need to back up your tax return. “For individuals, it usually comes down to being too overly aggressive with...
If you want to retire by age 65, you should be setting aside 10-17 percent of your income. And that's if you start saving as early as age 25. If you wait until 35 to start, you have to save...
