The second year of the pandemic challenges American savings

U.S. 03/27/21, 08:53

In the last three months, about half of Americans claim they have saved less than $500. Direct payments from the $1.9-trillion American Rescue Plan began this month, with more expected to arrive this week. Individuals making less than $75,000 are eligible for $1,400 checks, and married couples filing jointly $150,000.  According to ...

Markets in 2019: record stocks, lower rates, so-so IPOs

Business 12/26/19, 11:57

On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate policy ...

Markets Ignore Impeachment of President Trump and Record Record Rise

Politics 12/20/19, 20:36

The Dow Jones and Nasdaq economic indicators reached record highs one day after Democrats voted to continue the unpopular impeachment they are pushing against U.S. President Donald Trump, reported CNN. Stock market optimism is based on the approval of the trade agreement USMCA, between the United States, Mexico, and Canada, which ...

US economy looking durable despite risks from trade conflict

Business 11/27/19, 08:08

A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a moderate 2.1% annual ...

Trump and Fed president had an ‘unannounced’ meeting

U.S. 11/18/19, 15:26

President Donald Trump announced on his Twitter that he had a meeting this Monday with Jay Powell, the chairman of the Federal Reserve System (Fed) and that it was very positive. "Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything ...

Global stocks lower amid uncertainty over US-China trade

Business 11/08/19, 04:05

Global stock markets mostly declined Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. Tokyo rose after Beijing said Thursday the two sides agreed to the step if they make progress on an interim deal. But London and Frankfurt opened lower and Shanghai and ...

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