73% of millennials are living paycheck to paycheck, new report finds
Some good news: Overall, fewer Americans are living paycheck to paycheck. As of March, the share of adults feeling stretched too thin fell to 60%...
A recession is coming — and equity markets may incur some pain, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need...
Short sellers made $7 billion in profit from banking turmoil: Ortex
NEW YORK, NEW YORK – MARCH 15: Traders work on the floor of the New York Stock Exchange during morning trading on March 15, 2023...
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg |...
Treasury yields slip as banking system concerns grow
U.S. Treasury yields fell on Friday as investors considered what the Federal Reserve’s interest rate policy expectations could mean for the economy. A slide in...
Gold price could hit high amid SVB, Credit Suisse, bank problems
Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion....
Amid stubborn inflation, 60% of Americans live paycheck to paycheck
Despite higher prices, consumers are still spending, although not as much as they were a year ago, which is giving their budgets some breathing room....
54% of Americans are dipping into savings to pay for everyday expenses
Inflation is still taking a hefty toll on households, recent reports show. Prices continued their upward momentum in January, rising 0.5% for the month and...
A new inflation warning for consumers coming from the supply chain
An Optoro warehouse in Tennessee that handles returns for retailers. Source: Matt Adams | Optoro As the markets prepare for the latest consumer price index...
The U.S. is massively underperforming global markets
A trader works on the trading floor at the New York Stock Exchange (NYSE), January 5, 2023. Andrew Kelly | Reuters U.S. stocks have fallen...