A dollar crash is virtually inevitable, Asia expert Stephen Roach warns
The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy...
The Fed says it is going to start buying individual corporate bonds
The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday. As part of a continuing effort to support market...
New York region manufacturers are the most optimistic since the Great Recession
Manufacturing activity snapped back to life in the New York area this month, and optimism for future activity hit its highest level in almost 11 years. The Empire State Manufacturing Survey posted a reading of -0.2 in June after hitting...
Dow futures plunge nearly 800 points as Wall Street looks set to extend last week’s sharp losses
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Stock...
$600 unemployment benefits are ‘life-saving’ for this waiter: ‘I’m right at the edge’
Matt Marfoglia, a waiter at the Tasting Kitchen in Los Angeles, was furloughed in March. Enhanced unemployment benefits are helping him make ends meet financially, but they may end after July. Matt Marfoglia Matt Marfoglia was living paycheck to paycheck...
Pro traders scramble for protection in ‘warp speed’ market, spur quadrupling of S&P 500 hedge cost
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Traders...
KKR co-CEO Henry Kravis says 80% of the companies it controls have at least two directors with diverse backgrounds
Private equity firm KKR’s co-chief executive officer and co-founder, Henry Kravis, said 80% of companies that it controls now have at least two board directors with diverse backgrounds. The firm set out to reach that threshold a few years ago and accomplished...
The Fed’s economic forecasts are all over the map, a sign of how uncertain these times are
A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City. JOHANNES EISELE | AFP via Getty Images The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain, with expectations running a...
U.S. import prices post largest gain in more than a year
A tug boat passes the the CSCL Bohai Sea cargo ship docked at the Port of Oakland in Oakland, California. David Paul Morris | Bloomberg | Getty Images U.S. import prices increased by the most in more than a year...
Stocks making the biggest moves after hours: PVH, Adobe, Lululemon and more
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY. Gary Hershorn | Getty Images Check out the companies making headlines after the bell. Adobe — The software...
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