How Can Spending Be Up When People Feel Down?
Updated Dec. 27, 2023 12:00 am ET According to the Misery Index, Americans shouldn’t be all that miserable. But they might only recently have started...
American Borrowers Are Getting Closer to Maxing Out
A happy holiday shopping season might not end up being an especially cheery time for lenders. Card loans are still growing, on average rising 1.6%...
Big Banks Cook Up New Way to Unload Risk
U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates. JPMorgan Chase, Morgan...
Bank Deposit Pressures Could Get Worse, Here's How
Higher interest rates have hurt bank deposits, and the outlook remains bleak. Investors brace for disappointing bank earnings tied to deposit costs. Despite rate hikes,...
Bond Vigilantes Powerless Against America's Soaring Debt
In the early ’90s, rising bond yields due to budget deficits influenced Washington’s fiscal decisions. Now, despite a $1.5 trillion budget deficit and soaring federal...
Will China's Property Market Collapse Trigger a Financial Crisis?
China’s property market is on the brink, reminiscent of the U.S. 2008 crisis. Despite housing sales plummeting, Beijing’s intervention might not save the day. Banks,...
Investors Fear Unsustainably High Interest Rates Will Spark Bank-Loan Defaults
U.S. government bond prices have plummeted, unsettling the stock market. Treasury yields have surged to 16-year highs, negatively impacting stocks, with tech giants like Amazon...
Americans Begin to Feel the Sting of Fed Rate Hikes
Rising interest rates due to Federal Reserve’s decisions are straining American finances. Consumers face higher costs for home and car loans, and existing debts are...
The Meltdown of the World’s Biggest Crypto Firm
Binance, once the dominant force in the crypto world after FTX’s crash, is now facing challenges. U.S. agencies’ enforcement threats have led to over a...
The Economy is Not What The Fed Expected
The Federal Reserve faces a challenge as it meets to assess economic projections, with inflation proving less predictable than anticipated and an unpredictably robust economy....