Walmart CEO Doug McMillon talks about deflation
Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the...
NewEdge Wealth sees record rush intensifying
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite...
Credit card balances jump to $1.08 trillion record. How we got here
Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card...
Zombie firm bankruptcies amid Fed interest rate hikes
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years...
62% of Americans live paycheck to paycheck amid inflation
‘Inflation is still too high’ The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week, even though...
The U.S. consumer is ‘walking towards a cliff,’ strategist warns
Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kick-start a recession. “I think the U.S....
U.S. Treasury yields: investors weigh economic outlook
The 10-year Treasury yield, which serves as a benchmark for mortgage rates and as an investor confidence barometer, on Tuesday surged to its highest level...
60% of Americans are still living paycheck to paycheck
After a prolonged period of high inflation and higher interest rates, Americans are just getting by. As of August, 60% of adults said they are...
U.S. is weaker now than when we downgraded in 2011
Washington, D.C. – March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of Ireland Luncheon at the U.S....
Credit card losses rising at fastest pace since Great Financial Crisis
Frederic J. Brown | AFP | Getty Images Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of...