WASHINGTON — The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into … Read more
A CD account could be a viable home for your $90,000 in today’s high-rate economic climate. witthaya_prasongsin/Witthaya Prasongsin /Getty Images Storing your $90,000 in a savings account may feel unconventional, but in today’s unique economic terrain, taking an unconventional approach may be exactly what’s needed. With inflation now at its highest point in three years, … Read more
WASHINGTON — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices hover near record levels. The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, the first decline after three months of gains. The measure hasn’t fallen as … Read more
Stocks on Wall Street have rallied in recent months, but author Andrew Ross Sorkin sees a crash coming. The question is: when will the bubble pop, and how much will the market slump when it does? Source link
Kettle Cuisine, based in Lynn, Massachusetts, has recalled its minestrone sold at Whole Foods Market locations nationwide, affecting products distributed across 17 states and the District of Columbia. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. On May 21, the company issued an allergy alert for its 24-ounce … Read more
Employment prospects are even worse for those with just a high-school diploma or an associate degree. Source link
SpaceX filed for an initial public offering on Wednesday, as the Elon Musk-owned rocket manufacturer moves to raise more capital for its space, AI and satellite ventures. The move comes after SpaceX filed a confidential IPO with the Securities and Exchange Commission last month. SpaceX did not disclose how much money it is seeking to … Read more
Interest earnings on $2,500 will look different depending on which account it’s deposited in. Getty Images/iStockphoto Savers should always be exploring the best and most effective ways to grow and protect their money. And that’s true whether the interest rate environment is elevated, as it is currently, or not. And it’s true even for those … Read more
The stock market is near record highs, but there’s another corner of Wall Street that’s flashing warning signs: the bond market. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. For many people, talk of bonds and yields and rates might sound like alphabet soup. But the bond market … Read more
Polymarket launched a new set of prediction markets on Tuesday that allows users to trade on private company performance for the first time. The New York-based company said it is teaming up with Nasdaq Private Market, a secondary trading venue that provides data on non-public companies, to offer the new service. Customers will be able … Read more