Goldman Sachs: Two factors will keep the stock market stuck right here through the end of the year
A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Government policy uncertainty and a poor earnings outlook will keep the...
Job creation has another rough month in June as private payrolls rise by just 102,000
Job creation looks to have had another rough month in June, with private companies adding just 102,000 new positions, according to a report Wednesday from ADP and Moody’s Analytics. That missed even the meager 135,000 estimate from economists surveyed by...
Weekly mortgage applications stall as rates take a respite
After several weeks of volatility, mortgage rates calmed down, and that offered little incentive for homeowners or buyers to make a move. Total mortgage application volume was essentially flat last week compared with the previous week, according to the Mortgage...
Virtual banks could be bad news for small lenders in Singapore, Moody’s says
Pedestrians walk past automated teller machines (ATM) at a United Overseas Bank Ltd. (UOB) branch in the central business district (CBD) of Singapore. Ore Huiying | Bloomberg | Getty Images Singapore’s decision to issue new digital bank licenses to non-banking...
It can be hard to predict the future. Why you should save anyway
A new report from the Federal Reserve paints a bleak picture of America’s retirement savings. Twenty/20 A friend recently texted me that she had spent her entire weekend obsessing over money. “I don’t know what kind of life I want...
‘Dr. Doom’ economist Nouriel Roubini sees trade war tipping global economy into a recession
Nouriel Roubini Jin Lee | Bloomberg | Getty Images The rivalry between the U.S. and China could be so disruptive that it’s starting to decouple the global economy and could eventually cause a recession, according to Nouriel Roubini, the economist...
This Fourth of July, Americans will shell out $1 billion on beer
Gary Hershorn | Getty Images Americans know how to celebrate. On this year’s 243rd anniversary of the adoption of the U.S. Declaration of Independence, American adults will spend about $1 billion on beer alone – that’s roughly the same amount...
This is now the longest US economic expansion in history
This month marks the 121st month of the economic expansion arising out of the great financial crisis, making it the longest run on record going back to 1854. This cycle, starting in June 2009, breaks the record of 120 months...
China’s second-in-command: We’re building an even playing field for foreign firms
Chinese Premier Li Keqiang addresses a press conference on Nov. 28, 2017. Attila Kisbenedek | AFP | Getty Images DALIAN — Chinese Premier Li Keqiang on Tuesday pledged to an assembly of global business leaders and government representatives that Beijing...
Trump says renewed trade talks with China have ‘already begun’
President Donald Trump speaks to the media prior to departing on Marine One from the South Lawn of the White House in Washington, DC, May 14, 2019. Saul Loeb | AFP | Getty Images President Donald Trump said Monday that...
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