Economics And Finance
Dow Logs Longest Weekly Losing Streak Since 2011 (#GotBitcoin?)
U.S. stocks closed higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China. Dow Logs Longest Weekly Losing Streak Since 2011 (#GotBitcoin?) The Dow Jones Industrial Average,…
Fed. Says, “Families Still Living Paycheck To Paycheck”
One-quarter of working individuals have no retirement savings, Fed survey shows. Fed. Says, “Many Families Still Living Paycheck To Paycheck Contrary To Trump-Speak” (#GotBitcoin?) Many American households remain financially fragile and uncertain about their retirement prospects despite a booming job market that is lifting wages, according to a Federal Reserve…
U.S. Existing-Home Sales Enter 14th Straight Month Of Declines
Decline suggests continued weakness in housing market despite strong economy. U.S. Existing-Home Sales Enter 14th Straight Month Of Declines (#GotBitcoin?) The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Existing-home sales fell…
Citigroup, JPMorgan Chase And Others Fined $1.2 Billion Over FX Trading (#GotBitcoin?)
Traders at Barclays, Citigroup, JPMorgan Chase, Mitsubishi UFJ Financial Group and the Royal Bank of Scotland engaged in anti-competitive behavior, the European Commission found. Citigroup, JPMorgan Chase And Others Fined $1.2 Billion Over FX Trading (#GotBitcoin?) The European Commission said Thursday that it had fined Barclays, Citigroup, JPMorgan Chase, Mitsubishi…
Kathleen Eisbrenner Helped Make Natural Gas A Globally Traded Fuel (#GotBitcoin?)
Entrepreneur advanced technology to allow imports at ports without costly onshore terminals. Kathleen Eisbrenner Helped Make Natural Gas a Globally Traded Fuel (#GotBitcoin?) Kathleen Eisbrenner, a rare female entrepreneur in the energy industry, helped turn natural gas into a globally traded fuel. After joining El Paso Energy Corp. more than…
Credit-Card Delinquency Rates Rise, Particularly Among The Young (#GotBitcoin?)
Interest on credit cards also rising, a New York Fed report adds. Credit-Card Delinquency Rates Rise, Particularly Among The Young (#GotBitcoin?) Credit-card delinquency rates are rising, particularly among young people who are now more likely to have a credit card than a decade ago, according to a report Tuesday by…
‘Playing Catch-Up In the Game of Life.’ Millennials Approach Middle Age In Crisis (#GotBitcoin?)
New data show they’re in worse financial shape than every preceding living generation and may never recover. ‘Playing Catch-Up In the Game of Life.’ Millennials Approach Middle Age In Crisis (#GotBitcoin?) American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind…
Trump’s Tariffs Is Killing The Middle-Class Market
Who Pays the Trump Tariffs? We Do, These Americans Say. Customers of one inflatable-boat company bear most of its tariffs—which turns out to be typical. Trump's Tariffs Is Killing The Middle-Class Market Escalating tariffs between the U.S. and China have fueled an acrimonious debate over who’s paying. President Trump says…
Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings
Trump Tower, once the crown jewel in Donald Trump’s property empire, now ranks as one of the least desirable luxury properties in Manhattan. Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings The 36-year-old building has been turned into a fortress since Trump won the presidency, ringed with concrete barriers…
One-Third of Middle Class Can’t Afford $400 Surprise Expense
Many U.S. adults remain in position of ‘financial fragility’ despite ‘marginally’ improved economic security, central banker says. One-Third of Middle Class Can’t One-third of middle-class American adults couldn’t afford a $400 surprise expense, and some 6% also couldn’t manage such a cost even by borrowing money or selling something, a…
Fed Shifts Goal Posts, And Investors Should Care (#GotBitcoin?)
The way the inflation target is implemented could change, with big implications for markets. Two words in Federal Reserve Chairman Jerome Powell’s opening comments on Wednesday mattered: “transient” and “symmetric.” The markets focused only on the first, with stocks and gold falling and bond yields rising as Mr. Powell described…
Booming Economy? US Treasury Can’t Pay It’s Bills, (#GotBitcoin?)
Agency urges Congress to act promptly to raise the federal borrowing limit.The U.S. government risks not being able to pay its bills on time later this summer or fall unless Congress acts to raise the federal borrowing limit, the Treasury Department said Wednesday. Booming Economy? US Treasury Can't Congress voted…