Dow tumbles more than 800 points, heads for biggest decline in 3 months
Stocks fell sharply Thursday after new data showed retail sales fell more than expected in November, raising fears that the Federal Reserve’s relentless interest rate...
Amid high inflation, 63% of Americans are living paycheck to paycheck
As rising prices continue to weigh on households, more families are feeling stretched too thin. As of November, 63% of Americans were living paycheck to...
The Fed projects raising rates as high as 5.1% before ending inflation battle
Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on...
Amid inflation and market volatility, just 12% of adults feel wealthy
Inflation, geopolitical uncertainty and fears of a recession have undermined financial confidence across the board, according to a new report by Edelman Financial Engines. Less...
The Fed will see it ‘blew it,’ predicts Starwood’s Barry Sternlicht
Barry Sternlicht, founder, chairman and CEO of Starwood Capital Group. CNBC | NBCuniversal | Getty Images In Starwood Capital CEO Barry Sternlicht’s view, the Federal...
S&P 500 and Nasdaq end Friday lower after November jobs report
Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labor data to the upcoming Federal Reserve meeting. The Dow Jones Industrial...
Transitory inflation talk is back. But economists say higher prices here to stay
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets...
60% of Americans live paycheck to paycheck heading into 2022 holiday
Just as the holiday shopping season gets into full swing, families are finding less slack in their budgets than before. As of October, 60% of...
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees...