With deficit rising, worries grow the U.S. may be out of tools if recession hits
The growing deficit also comes as budget experts expect the economy to slow down......»»
No longer a "lost" generation: Millennials born in the 1980s are finally getting richer
In 2016, millennials had wealth levels 34% below where it should've been absent the Great Recession. As of 2019, that wealth deficit was 11%. Older millennials are finally making .....»»
London Markets: February deficit hits record high as U.K. public finances worsen
Public sector borrowing hit a new high in February, with the U.K. government borrowing £19.1 billion ($26.6 billion) last month, as spending on measures amid the COVID-19 pandemic continued while tax receipts fell......»»
Fed decision, rising yields, Powell Q&A: LIVE Updates
10-year Treasury hits 13-month high.....»»
Europe Markets: European stocks climb higher as worries about tech volatility persist
European stocks climbed higher on Tuesday after opening in the red, as investor concerns persist over the volatility in tech stocks against the backdrop of rising bond yields......»»
Stocks slide as 10-year yield hits highest level in a year
U.S. stock futures were lower Wednesday morning as investors grappled with rising bond yields and assurances from Federal Reserve Chairman Jerome Powell that the central bank would continue to support the economy......»»
Market Snapshot: Dow flirts with record, Nasdaq sinks as elevated bond yields weigh on tech shares
Stock-market benchmarks are mostly lower Monday, even as the Dow Jones Industrials benchmark shrugs off worries that rising bond yields could render equities, particularly highflying tech shares, too expensive......»»
Dow skids by 200 points, Nasdaq falls 1.4% early Monday as 10-year Treasury yield jumps to around highest in a year
Stock benchmarks on Monday headed lower as rising bond yields stoked worries that equities, particularly highflying tech shares, have grown too expensive. The 10-year Treasury yiel.....»»
Metals Stocks: Gold logs first gain in 7 sessions, but ends lower for the month
Gold futures settle higher on Friday, scoring their first gain in seven sessions but returned a loss for the month, even though investors focus on worries about rising speculation on Wall Street and the efficacy of COVID vaccines......»»
Existing-Home Sales: Increase Reaches Highest Level Since Before Great Recession
December hit another historic peak for existing-home sales, experiencing the highest level since 2006 after rising 0.7 percent from the previous month. According to the latest data from the National.....»»
Economic Report: Home prices are rising at the fastest pace since the Great Recession, price barometers show
‘The housing market is clearly still running strong,’ one anaylyst said......»»
What are the best college-savings investments? 5 ways to grow your money for the ever-higher costs of higher education
Certain investments and savings plans are better for growing a college nest egg. Here are five, along with general tips. Many of the best-known college-savings tools are specifically earmarked, educational accounts - but i.....»»
Chip demand for white-box handset chargers to grow robustly
Chip demand from China's white-box handset charger market will be rising robustly in 2021, according to industry sources......»»
Bond Report: Treasury yields erase early rise on threat of renewed lockdowns
Treasury prices erase early losses, leaving yields little changed, as worries that rising COVID-19 cases could curtail economic activity and spark renewed lockdowns put a damper on a stock-market rally......»»
U.S. consumer sentiment edges up in May but worries about social isolation grow
U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from the coronavirus crisis, a survey released on Friday showed......»»
Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis
Associated Press The German economy plunged into recession as the country's federal statistics authority released grim data showing a contraction of 2.2% on Friday. The economy's decline reflects its biggest quarterly .....»»
With COVID-19 threatening a long recession and weak recovery, Fed"s Powell vows to use tools to fullest to avoid pain
Fed Chair Powell cited the risk the coronavirus could mean 'a prolonged recession and weak recovery.' He said Fed will use its tools "to.....»»
Fiscal Disaster: US April Deficit Hits Record $738BN As Government Spends $1 Trillion In One Month
Fiscal Disaster: US April Deficit Hits Record $738BN As Government Spends $1 Trillion In One Month While it will hardly come as a surprise to anyone that the US fiscal situation is now an absolute catastrophe - following previous.....»»
Graduating in a recession can have some silver linings
Some who set up their own businesses after the ‘08 crash say crisis is a good teacher. ‘I had to grow up a little bit faster...because there was no train track I was on.’.....»»
Graduating in a recession can have some silver linings
Some who set up their own businesses after the ‘08 crash say crisis is a good teacher. ‘I had to grow up a little bit faster...because there was no train track I was on.’.....»»
SLU sees $20M deficit this fiscal year, outlines cuts
Saint Louis University said Monday it anticipates a more than $20 million budget deficit this fiscal year, with the number possibly rising to $75 million in fiscal 2021, due to the Covid-19 pandemic. The school previously hinted at possible cost-reduc.....»»