Yellen sees inflation staying higher for the next several months
Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting the U.S. economy could last for a while. Coming less than a week after Federal Reserve Chairman Jerome Powell called inflation “frustrating,” Yellen told CNBC that the various issues that...
Stock futures muted after a tech-driven sell-off on Wall Street
Stock futures were muted in overnight trading on Monday following a tech-led sell-off as investors continued to dump high-flying shares in the face of rising rates. Futures on the Dow Jones Industrial Average slipped 30 points. S&P 500 futures were...
Stocks making the biggest moves midday: Facebook, Ford, General Motors and more
Facebook’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Facebook — Facebook shares fell 5.5% after a company whistleblower unveiled her identify and accused the social...
Stock futures flat heading into first full week of trading in October
Traders work on the floor of the New York Stock Exchange (NYSE) on September 30, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed in overnight trading on Sunday as investors readied for...
How Biden’s $3.5 trillion economic plan compares to LBJ’s Great Society and FDR’s New Deal
Anna Moneymaker | Getty Images News | Getty Images President Joe Biden’s $3.5 trillion economic agenda — and the social spending it would usher in — has few parallels in modern U.S. history. The New Deal era of the 1930s...
Google’s pivot away from bank accounts shows why finance is a tough industry for tech giants
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank...
Stocks are at a 70-year high as a share of household financial wealth
Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York, on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Overall U.S. household wealth has never been this high,...
Stocks making the biggest moves midday: Merck, Moderna, United Airlines and more
Check out the companies making headlines in midday trading. Merck — Shares surged 8.4% after it announced its new antiviral pill cut the risk of death or hospitalization by 50% for Covid patients. The pharmaceutical company plans to file for emergency...
Key inflation gauge watched by the Federal Reserve hits another 30-year high
Inflation ran at a fresh 30-year high in August as supply chain disruptions and extraordinarily high demand fueled ongoing price pressures, the Commerce Department reported Friday. The core personal consumption expenditures price index, which excludes food and energy costs and...
A budget is the first step to financial wellness. Here’s how to get started
Taiwanese ethnicity man looking at the home budget and sorting out bills using his laptop in his cozy living room SrdjanPav | E+ | Getty Images If you’re trying to get control of your finances, most financial advisors will start...
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Trading education
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