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Household Debt Hits a Record $19.1 Trillion as Rate Hikes Loom
New York Fed data show Americans borrowed more in the third quarter, with home equity lines posting their biggest jump since 2005, just as markets brace for higher interest rates.
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Latest Financial News
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Is Your 3.6% Social Security Raise Already Losing Ground to Inflation?
The 2027 Social Security COLA is 3.6%, but October’s hotter CPI and rising rates are reshaping the picture for retirees. Here is…
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Hot October CPI Puts a Half-Point Fed Rate Hike on the Table
Consumer prices rose 0.4% in October and core inflation rose 0.3% for a third straight month, the level Fed Governor Christopher Waller…
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Stocks to Watch: CoreWeave, Take-Two and Sanmina in Focus
CoreWeave reports after the bell, Take-Two shares rise on upbeat GTA VI pre-order commentary, and Sanmina jumps on a strong long-range revenue…
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AMD and Broadcom Surge as Nvidia Slides on Board Probe of CEO
Chip stocks rallied Monday while Nvidia lost about $190 billion in market value after its board launched an independent review involving CEO…
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Stocks Slip After Hot October CPI Follows Monday’s Big Rally
Wall Street gave back part of Monday’s broad rally after October consumer prices rose more than expected, lifting Treasury yields and bets…
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When Europe’s Energy Crisis Spreads to America…
The Boston Blackout – This is a major energy crisis that could spread from Europe to New England this winter, and then…
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Energy stocks crushed the S&P 500 in 2022, and Wall Street loves the sector next year
Energy stocks have been this year’s biggest winners in a bleak year for equities. And Wall Street is betting the sector’s outperformance…
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PCE inflation, FedEx, Nike results lead into the holidays: What to know this week
The holiday season is underway, but a few key earnings and economic reports will deck the halls on Wall Street before markets shut down for a long…
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2 Buffett Stocks to Buy Before 2022 Ends
With a bear market lingering, high inflation persisting, and a recession possibly around the corner, investors are once again looking to Warren…
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Federal Reserve Could Slow Interest Rate Hikes as Inflation Cools, But Recession Questions Linger
On the heels of Tuesday’s lower-than-expected inflation reading, the Federal Reserve is expected to tap the brakes Wednesday on its aggressive rate-raising…
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Stocks Edge Higher, Week Ahead, Microsoft, Boeing, Amgen – Five Things To Know
Stock futures edge higher into end-of-year push; Week Ahead: Fed Meeting highlights crucial series of central bank decisions; Boeing shares rise on…
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Wall Street’s surprising consensus forecast for 2023: Morning Brief
Wall Street strategists are looking ahead to 2023. And like most years, this year’s outlooks contain a degree of similarity from firm…