The number of Americans considering bankruptcy is soaring to its highest level since just before the pandemic, a potentially alarming sign as clouds gather over the economy. Personal bankruptcy inquiries surged in the first three months of the year, according to data from LegalShield, a provider of consumer legal services. The jump could augur a…
Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order.The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at the center of many 401(k) accounts 16% below its…
President Trump and Jerome Powell (Photo by Drew Angerer/Getty Images) Getty Images Business leaders may think that President Trump’s possible decision to fire Jerome Powell as chair of the Federal Reserve System is just a sideshow, but the resolution of control over the Fed has very large implications for business. Our future level of inflation…
The biggest bull in markets heading into 2025 has already gone back to the drawing board. But considering what’s happened to US stocks in the last two months, he’s as cheery as ever. John Stoltzfus, the chief investment strategist at Oppenheimer, entered the year with a Street-high S&P 500 target of 7,100, which implied the index was…
WASHINGTON (AP) — Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him. The developments are occurring against a backdrop of wider turmoil in the economy and financial markets,…
As ongoing inflation continues to deplete household budgets, perhaps nowhere is the pinch felt more strongly than in grocery aisles. However, depending on where you live, the pain can be sharper than in other areas. That’s according to a new study from SmartAsset which reveals notable fluctuations in grocery price increases from city to city. The financial technology…
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Trump’s trade war is clouding forecasts for how they and the economy will do this year. The Standard & Poor’s 500 index sank 2.2% after falling…
China. Bangladesh. Vietnam. India. These and other foreign countries are the backbone of America’s fast fashion industry, suppling around 98 percent of what fills our closets. Donald Trump’s sweeping tariffs will choke these supply lines. Vietnam faces the prospect of a 46 percent duty. India, 26 percent. For now, the tariffs are paused for 90…
Good morning. European futures gain on optimism over a US pause to consumer tech tariffs. Euro-area inflation expectations dip slightly. And central London has lost 11,000 workers. Listen to the day’s top stories. European stock futures rose after Donald Trump paused additional import duties on consumer electronics, though he later said the US will place…
A global trade slowdown tied to U.S. tariffs will likely create a more challenging environment for bond fund managers, according to financial futurist Dave Nadig. “All of these capital holding requirements that led to buying U.S. Treasurys are kind of unwinding at the same time,” the former ETF.com CEO told CNBC’s “ETF Edge” on Wednesday….