Technically speaking, the major U.S. benchmarks are off to a bullish third-quarter start. On a headline basis, the S&P 500 has nailed its near-term target (2,995) — a level currently defining its all-time high — while the prevailing pullback has been comparably flat, underpinned by well-defined support.
Before detailing the U.S. […]
The U.S. stock market is telling a bullish story now. That’s because the sectors which typically perform best near the end of a bull market are showing weakness, while many of the sectors that usually perform the worst are doing quite well. That’s what emerged from a comparison of S&P 500
Despite all the good economic news, earnings growth is expected to slow to a crawl this year for large U.S. companies. It may also surprise you that the health-care sector is seen as one of the exceptions. During the first quarter of 2019, earnings per share declined from a year earlier for six of the […]
Treasury Secretary Steven Mnuchin has already told Congress about a new mid-September deadline, according to a report by Politico. WASHINGTON — The U.S. government could exhaust its ability to pay its bills in the first half of September, according to a new estimate, creating pressure on Congress to suspend or raise the […]
The hunt for yield is making parts of the U.S. corporate bond market look a lot like 2007. The highest-yielding corporate debt, also referred to sometimes as “junk”— due to the borrower’s greater chance of default — typically rewards investors comparatively more than higher-rated, investment-grade bonds. However, investors are finding that the reward for owning […]
Credit card debt had dropped in two out of four months before strong gains in April and May. The numbers: Consumer borrowing expanded at a solid pace for the second straight month, according to the Federal Reserve on Monday. Total consumer credit increased $17.1 billion in May after an almost identical gain […]
If youâve ever locked in a mortgage rate only to watch borrowing costs drop even more, you know how frustrating it can be to try to predict what markets will do and when, exactly, theyâll do it. But it looks like Americans as a group may be getting better at these predictions. Every […]
A 28-year-old woman sitting in the front row at one of Suze Ormanâs events last year asked the celebrity financial adviser for some tips on retirement. Typically, thatâs bread-and-butter stuff for Orman, who has made an absolute fortune over the years dropping knowledge on all things money. But this was different. The millennial had gotten […]
President Donald Trump speaks to the media prior to departing from the South Lawn of the White House in Washington on Friday. President Donald Trump on Friday applied fresh pressure on the Federal Reserve over interest-rate policy, and told reporters he was considering an executive order over a citizenship question on the […]
It’s getting harder to generate a good return on your cash. An analysis of Federal Deposit Insurance Corp. data by behavioral economics consulting firm Analyticom found that rates for certificates of deposits (CDs) are falling across the board for the first time in five years.
‘July is a turning point because this is the […]