STORY: Mahn points to data on the personal savings rate, credit card balances, and household debt to show that the consumer spending is weakening. He says this may not be reflected in expectations for corporate earnings.
The Federal Reserve has raised interest rates 450 basis points so far in this cycle to try to reduce inflation and lead to price stability.
When Ellen, a 67-year-old retiree, reached out to Suze Orman during her podcast, she had a straightforward yet crucial financial inquiry: "Which bucket do I draw from first?" Ellen, whose Social Security covers most of her daily living expenses, needed guidance on how to use her different types of retirement accounts for additional expenditures like travel. Don't Miss: The recommended retirement savings amount is $550K, but here is why so many Americans are falling short. Reddit user reveals his
The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.
AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.
Investors are not convinced that this cheap stock is safe from the rising effectiveness of artificial intelligence.
Producer price index and consumer price index data both feed into the key Federal Reserve inflation rate.
WASHINGTON (Reuters) -U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. The producer price index for final demand rose 0.5% last month after falling by a downwardly revised 0.1% in March, the Labor Department's Bureau of Labor Statistics said on Tuesday.
Nearly a dozen high-profile companies have conducted a forward-stock split since the midpoint of 2021. Three prominent, time-tested businesses may be the next stock-split stocks.
According to a report released on May 9, 2024, the number of properties classified as seriously underwater is ticking up, with southern states bearing the brunt of the phenomenon. One in 37 homes with mortgages was considered seriously underwater during the first quarter, according to real estate data provider ATTOM's 2024 U.S. Home Equity & Underwater Report. That's up from one in 38 homes during the fourth quarter of last year. A mortgage is considered seriously underwater when the estimated l
Alibaba stock rallied strongly ahead of its Q1 report, but a revenue beat was offset by an 86% drop in quarterly profit.
One-time meme stocks and other heavily-shorted names are rocketing higher in a new retail investor frenzy.