Entirely possible that we’ll see low interest rates forever, asset manager says
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Interest rates could remain at their record lows “forever,” according to one asset manager, despite a...
Stock futures are flat after S&P 500 breaks a 5-week winning streak
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P...
Stocks making the biggest moves midday: Tesla, Lordstown Motors, Warby Parker and more
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Johnson...
Workers quit jobs in record numbers as consumer sentiment hits 10-year low
A pedestrian walks by a now hiring sign at a Lamps Plus store on September 16, 2021 in San Francisco, California. Justin Sullivan | Getty Images Consumer confidence hit a 10-year low in November as inflation climbed to the highest...
A record 4.4 million people quit in September as Great Resignation shows no signs of stopping
A record-high 4.4 million people, or 3% of workers, quit their job in September, according to the Labor Department’s latest Job Openings and Labor Turnover Survey released Friday. The tight market, where workers have more leverage to move around and...
Quit a job? You likely can’t collect unemployment benefits
Joe Raedle | Getty Images Americans are quitting their jobs in record numbers. However, they likely won’t qualify for unemployment benefits. Just over 4.4 million people quit in September, an increase of 164,000 from the prior record in August, the...
Stocks making the biggest moves premarket: Johnson & Johnson, Rivian, Lordstown and more
Check out the companies making headlines before the bell: Johnson & Johnson — Shares of Johnson & Johnson rose nearly 4% in premarket trading on Friday after announcing plans to split its consumer health business off from its pharmaceutical and...
China slams U.S. democracy as a ‘game of the rich,’ at an event promoting Xi’s growing power
Books by and about Chinese President Xi Jinping fill a display at the Museum of the Communist Party of China in Beijing on November 11, 2021. Noel Celis | AFP | Getty Images BEIJING — A top Chinese official issued...
Inflation pushes income tax brackets higher for 2022
The IRS announced higher federal income tax brackets and standard deductions for 2022 amid rising inflation. The consumer price index surged by 6.2% in October compared to the previous year, the biggest jump in more than three decades. As price...
Borrowers rush to refinance, as mortgage rates drop for a second week
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As...