Thousands of Americans living abroad got stimulus checks. Here’s why
Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had...
Household debt total passes $15 trillion for the first time
U.S. dollar banknotes are seen in this photo illustration. Jose Luis Gonzalez | Illustration | Reuters Household debt passed $15 trillion for the first time in the third quarter, as rising prices pushed up balances for homes and autos, the...
Wholesale prices rose 8.6% year over year in October, tied for highest ever
Wholesale prices rose 8.6% from a year ago in October, their highest annual pace in records going back nearly 11 years, the Labor Department said Tuesday. The government’s producer price index, which serves as a gauge of final demand prices...
China’s property market could see more pain, even as Evergrande crisis seems to be abating
People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China. Liu Debin | Visual China Group | Getty Images BEIJING —...
Ethereum hits new all-time high, bitcoin inches toward record as cryptocurrencies rally
Representation of Ethereum cryptocurrency is seen in this illustration photo taken in Sulkowice, Poland on August 12, 2021. Jakub Porzycki/NurPhoto | Getty Images Cryptocurrencies are starting the week on a positive note. Ether, the world’s second-largest digital coin, surged more...
‘This is going to be one of the best Christmas seasons ever,’ market bull Ed Yardeni says
Long-time market bull Ed Yardeni is delivering a dose of optimism into year-end. Yardeni, who’s known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory. “This is going to be...
Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses...
Stocks making the biggest moves midday: Shake Shack, Peloton, Canada Goose and more
Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more...
Biden lauds strong October jobs report as House works toward votes on big economic bills
US President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House in Washington, DC on November 5, 2021. Brendan Smialowski | AFP | Getty Images WASHINGTON – President Joe Biden lauded...
Retailers look to staff up ahead of holiday rush with workers in short supply
My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up for a strong shopping season. Courtesy: My Secret Stach Karen Hilt owns My Secret Stash in Traverse City, Michigan, retailing...