U.S. consumer borrowing soared by $40 billion in November
U.S. consumer borrowing soared by $40 billion in November
U.S. consumer borrowing soared by $40 billion in November
As President Joe Biden's 'Build Back Better' bill stalls on Capitol Hill, here's what's expected to happen with the hot-button issue of student-debt forgiveness.
It has been a withering start for debt so far in 2022 but the extent to which bonds have come under pressure is best exemplified in these ETFs.
Consumer credit rose at an 11% annual rate in November, the Federal Reserve said Friday.
After another year of underperformance versus the S&P 500, AT&T Inc.'s "bear case" may have mostly played itself out, according to an analyst.
Oil futures end lower on Friday, but tally a weekly gain of roughly 5% as investors continue to monitor unrest in Kazakhstan.
Lack of movement in the dollar this week was accompanied by a pattern of low volatility, according to Jonathan Petersen of Capital Economics.
Shares of D.R. Horton Inc. sank 5.8% in afternoon trading Friday, enough to pace the S&P 500's decliners, as the continued rise in Treasury yields and mortgage rates weighs heavily on the home-builders sector. D.R. Horton's stock has now tumbled 11.9% this week, which would make it the biggest weekly drop since it slid 12.9% during the week ended April 3, 2020. Elsewhere, shares of Lennar Corp. dropped 3.9% and Toll Brothers Inc. slid 3.6%, while the iShares U.S. Home Construction ETF... Читать дальше...
In addition, vinyl album sales increased a massive 50.4% year-over-year
Oil prices ended lower on Friday, but finished the week higher as traders kept an eye on unrest in Kazakhstan. Should any significant amount of production from the country be lost, "the bull market in oil will be extended," said Michael Lynch, president at Strategic Energy & Economic Research. However, "OPEC+ is unlikely to react to such a loss unless it is clear that it will be lengthy and global inventories would thus continue to decline." February West Texas Intermediate crude edged down by 56 cents... Читать дальше...
Former Treasury Secretary Larry Summers said Friday the U.S. economy is running over its speed limit and the Fed has to substantially tighten policy.
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Gold futures settled higher on Friday after a disappointing rise in December U.S. nonfarm payrolls. Prices, however, still marked their worst weekly loss since the period ending Nov. 26, FactSet data show. The U.S. created a much smaller-than-expected 199,000 jobs in December, but the U.S. jobless rate slipped to 3.9% from 4.2%. "It seems traders are still expecting a March interest rate hike," said Chintan Karnani, director of research at Insignia Consultants. Investors will look to next week's... Читать дальше...
Gettin' in the groove: Sales of vinyl albums increased more than 50% in 2021
House Speaker Nancy Pelosi has invited President Joe Biden to give his first State of the Union address on March 1, the California Democrat said Friday. In a letter to Biden, Pelosi called the past year "historic" and said she is inviting the president to "share your vision of the State of the Union." Biden spoke before a joint session of Congress in April 2021, but the March 1 speech will be his first formal State of the Union address.
Читать дальше...We sample Bësk, a spirit that challenges you to find the appeal in the unappealing
UBS takes a look ahead at the softline category, comprising fashion and retail brands, and says inflation will be a challenge across the board.
Roblox Corp. shares dropped Friday following a report that the social-gaming company's app in China will be unavailable for an undetermined period after being shut down in December.
Investors will look for signs of loan growth as Dow components JPMorgan and Goldman Sachs reveal their fourth-quarter results over the next two weeks.
The Federal Reserve could start to shrink its balance sheet after one or two rate hikes, said San Francisco Fed President Mary Daly on Friday.
Shares of Discovery Inc. are rocketing Friday and on track for their best day in more than 13 years after a Bank of America analyst chimed in with an upbeat view of the company's prospects in streaming ahead of its deal close with AT&T Inc.'s WarnerMedia unit.
How to amass a million on the cheap.
Weekend reads: When tech stocks fade, where do you go?
The U.S. added a paltry 199,000 new jobs in December and just 249,000 in November at a time when it should be creating maybe double that amount. A bad sign for the economy? Not so fast.
CinCor Pharma Inc.'s stock shot out of the gate in morning trading Friday, but then pulled back sharply, to trade briefly below in negative territory. The Massachusetts-based biopharmaceutical company's stock's first trade was at $21.00 at 11:05 a.m. Eastern, or 31.3% above the $16 IPO price. The stock then rose to an intraday high of $22.67, before selling off to trade as low as $15.69, or 1.9% below its IPO price, before bouncing slightly to trade flat. At current prices, the company is valued at about $567 million. Читать дальше...
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