The investment business is full of theories and recommendations about how to accumulate wealth. But the field has very little to say about the best ways to decumulate, or spend down wealth. This is an astonishing oversight, considering that the period over which wealth decumulation occurs is often as longRead More →
Signing kids up for extracurricular activities could bring them extra income someday. Or at least, eight in 10 parents in a new survey are hoping — especially considering that two-thirds of them have gone into debt to pay for those soccer, ballet, painting and piano lessons. CompareCards.com surveyed more thanRead More →
Treasury prices fell Tuesday, pushing yields higher, with a modest rise in stocks sapping demand for government paper. The 10-year Treasury note yield TMUBMUSD10Y, +1.38% climbed 3.7 basis points to 2.590%. The 2-year note yield TMUBMUSD02Y, +0.18% was up 0.3 basis point to 2.394%, while the 30-year bond yield TMUBMUSD30Y,Read More →
Gold futures declined on Tuesday, with the precious metal poised for its lowest finish in nearly four months as equity benchmarks in the U.S. flirt with records and government bond yields advance, reflecting growing appetite for assets perceived as risky over so-called havens. Gold for June delivery GCM9, -0.98% onRead More →
Some investors are tentatively bracing for inflation to make a comeback. Prices of Treasury-inflation protected securities have steadily climbed throughout 2019, amid talk that the Federal Reserve could refrain from immediately tightening its leash when inflation overshoots the central bank’s 2% target. Though the year-to-date decline in Treasury yields, includingRead More →
Getty Images Jobless claims, or layoffs, fell below 200,000 in early April for the first time since 1969 owing to an ultra-strong labor market. The numbers: The number of people who applied for unemployment benefits in early April fell below 200,000 for the first time since 1969, the latest signRead More →
Joe Raedle/Getty Images Libor is the benchmark for many adjustable rate mortgages A funny thing has happened on the way to the graveyard for the most important number in finance. Libor has been given a second life. After being manipulated by seemingly every bank during the financial crisis, regulators feltRead More →
© Reuters. An AT&T logo is pictured in Pasadena (Reuters) – AT&T (NYSE:) has internally discussed about selling its HBO Europe business as the telecom group aims to reduce a debt pile of $170 billion, the Financial times reported, citing current and former senior executives. Comcast-owned Sky would be anRead More →
Getty Images Applicants line up for employment prospects. Job openings in the U.S. fell sharply in February, but there’s still more work available than the number of people officially classified as unemployed. The number of job openings across the country fell by more than half a million in February toRead More →
Carl Court/Getty Images In the Japanese village of Miyoshi, hand-made dolls sit outside abandoned homes, symbolizing the dwindling and aging population, one cause of Japan’s economic malaise. NEW YORK (Project Syndicate) — Not too long ago, the conventional wisdom held that Japanification could never happen in Western economies. Leading U.S.Read More →
Tesla Inc. shares fell more than 8% on Thursday as Wall Street analysts used some choice words to describe their dismay at the car maker selling fewer-than-expected vehicles in the first quarter. “Ugly,” ”weak” and “disappointing” featured in initial notes, as the miss fueled renewed doubts about Tesla’s future profitability,Read More →
Getty Images The U.S. economy is still open for business, with layoffs and unemployment near a 50-year low. The massive job-producing engine known as the U.S. economy blew a gasket in February, but Wall Street is convinced it was just a temporary failure. Here’s what to watch in Friday’s employmentRead More →
Getty Images Orders for durable goods sank in February. The numbers: Orders for durable or long-lasting goods fell in February for the first time in four months and business investment continued to soften, reflecting a slower U.S. economy early in the new year. Durable-goods orders sank 1.6%, largely because ofRead More →
© Reuters. A woman checks her mobile phone inside the premises of the Supreme Court in New Delhi By Suchitra Mohanty and Suvashree Choudhury NEW DELHI/MUMBAI (Reuters) – India’s Supreme Court on Tuesday quashed a Reserve Bank of India circular on resolving bad debt, providing relief for some major corporateRead More →
The yield curve is first and foremost predicting the outlook for Fed policy rather than the next recession. My research has confirmed this conclusion, as does a recent Fed study. In my recent book, Predicting the Markets, I wrote: “The Yield Curve Model is based on investors’ expectations of how theRead More →
Dear Moneyist, I am engaged to a money monster. She just got rid of her old debts, but now has new debt and it’s growing. We’ve been together seven years and engaged for four years. After getting engaged I found out about her debt, bad FICO score FICO, +1.94% excessRead More →
MarketWatch rounds up 10 of its most interesting topics over the past week. 1. Lyft beats Uber to the market — now be careful Lyft LYFT, +8.74% priced its initial offering at $72 a share, and late Friday morning the shares began trading at $87.24 — a 21% increase thatRead More →
A new study has a whole different take on what debt relief means. Getting rid of debt doesn’t just unburden finances, it takes a weight off the mind that clears up cognitive functioning, lessens anxiety and improves impulse control. The findings come from researchers at the National University of Singapore’sRead More →
Bloomberg They called it “Gucci Gulch.” All throughout 1986, while legislators hammered out the biggest tax reform package in American history, special-interest groups and their expensively-shod lawyers gathered in the halls of Congress, trying to make sure their concerns were reflected in the policy being drafted. A popular book immortalizedRead More →
Getty Images White House National Economic Council Director Larry Kudlow The White House pressure on the Federal Reserve heated up again on Friday after President Trump’s adviser Larry Kudlow said he wanted the U.S. central bank to “immediately” cut its benchmark interest rate by 50 basis points. Kudlow’s comments, reportedRead More →
Bloomberg News/Landov The cost of imported goods have declined in the past year, led by a drop in oil prices. The numbers: The cost of imported goods shot up in February by the largest amount in nine months, but the increase stemmed entirely from higher fuel prices. Most import pricesRead More →
If you think municipal bonds are having a great year, wait until after tax season. That’s the opinion from bullish market participants who say municipal debt will see continued interest from wealthy households drawn to tax-free income, once many take a look at their tax bills. Analysts say the cutbackRead More →
When Barack Obama ran for president for the last time in 2012, sweeping reform of our college financing system wasn’t even on his agenda, let alone that of his Republican opponent Mitt Romney. Fast forward just seven years and, in the first few months of the primary contest for theRead More →
Getty Images The economy is not growing as fast as it was last year, but a strong labor market means the good times aren’t likely to end anytime soon. Forget a seemingly miserable December for the U.S. economy or the dreary start in 2019: What really matters is whether businessesRead More →
David Stockman, the so-called “Father of Reaganomics,” is at it again with his most recent prognostication of doom for Wall Street and the broader economy, even as the stock market tests fresh highs for the year. The 72-year-old politician and businessman, who was the director of Office of Management andRead More →
