Nearly half the U.S. population is without a job, showing how far the labor recovery has to go
Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus. The employment-population ratio — the number of employed people as a percentage of the...
Market is entering one of the year’s toughest periods, CFRA’s Sam Stovall warns
The next three months may be anything but calm. CFRA’s Sam Stovall warns the market is entering one of the toughest periods of the year. “The third quarter is by far the weakest of the four quarters of the year...
Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain over the outlook...
Pending home sales spike a record 44.3% in May, as homebuyers rush back into the market
Pending sale realtor sign Daniel Acker | Bloomberg | Getty Images Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of...
Two bank stocks could still be a buy after Fed exposes problem areas
Banks’ dividends could be at risk. Banking stocks tumbled Friday after the Federal Reserve highlighted potential vulnerabilities in the sector. The central bank suspended buybacks and capped dividends on financial institutions through the third quarter after its recent stress tests....
Wall Street is underpricing a Joe Biden presidential win, Wells Fargo’s Chris Harvey warns
Wells Fargo Securities’ Christopher Harvey believes the market is underestimating a major risk — and it’s not the coronavirus. According to the firm’s head of equity strategy, a Joe Biden presidential win could throw Wall Street a curve ball and hurt...
Credit card industry reins in balance-transfer offers as banks from JPMorgan to Amex fear defaults
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new...
Fragile economic recovery faces first big test with June jobs report in the week ahead
People are walking by the New York Stock Exchange (NYSE) building during Covid-19 pandemic in New York on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The second half of 2020 is nearly here, and now it’s...
Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles
Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Tuesday, Oct. 1, 2019. Andrew Harrer | Bloomberg | Getty Images After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the...
These 5 remote jobs pay more than $60,000 a year
Hanna Budzko 1. Technical writer Nycretoucher | Getty Images Average annual pay: $68,640 Number of job openings as of June 10: 2,308 2. Financial analyst Andrew Brookes Average annual pay: $67,900 Number of job openings as of June 10: 5,242...
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