BEIJING — Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more intere...
Tag: Economic News
‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.
When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked. After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolut...
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. Starting Jan. 1, California and Washington state will require employers to include pay ranges with their ...
For Battered Bonds, Threats of Further Losses Linger
The year 2022 marked a truly historic bust for the U.S. bond market. The question now is whether 2023 will produce any kind of meaningful rebound. Normally a safe investment, U.S. bonds delivered loss...
Why the consumer is ‘critical’ for investors to watch in 2023 as bear market ‘not yet complete’
The fate of the U.S. consumer is weighing on the outlook for markets in 2023. “The issue is that consumers are actually spending at a pace that is faster than their income growth, and have been for t...
ChatGPT Likes Our Robot Story
To the Editor:I was going to write you a letter about your cover story (“Robots Are Replacing Workers Lost in the Pandemic. They’re Here to Stay.”, Dec. 23) when I thought I would just let ChatGPT wri...
The Bulls’ Worst Recession Fear: There Won’t Be One
“There ain’t gonna be no recession,” Pierre Rinfret, an economist who once advised the Nixon administration, confidently declared in December 1969. Better at attracting publicity than forecasting, he ...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
Treasury yields post record rise in worst year ‘within any of our lifetimes’ for bond investors
Treasury yields moved mostly higher in a holiday-shortened session Friday, capping a brutal, record-breaking bond-market selloff in 2022. Trading in U.S. fixed-income markets closed an hour early at 2...
Opinion: Opinion: Trump’s low tax payments are what happens with a too-complex tax code
People tend to have one of two reactions to the revelation that former President Donald Trump paid little to no taxes in recent years: He’s either an amoral tax cheat or he’s smart. To me, it reveals ...
Stocks got wrecked by rate shock in 2022. Here’s what will drive markets in 2023
2022 is over. Take a breath. Investors were understandably eager to ring the bell on the stock market’s worst year since 2008, with the S&P 500 SPX, -0.25% falling 19.4%, the Dow Jones Industrial ...
Stock-market investors face 3 recession scenarios in 2023
With the U.S. stock market on track for its biggest annual decline in over a decade, fears that efforts by the Federal Reserve and other major central banks to bring down a surge in inflation will spa...
Opinion: 11 predictions for money, technology, stocks and crypto for 2023
Here are some 2023 predictions for financial markets, the economy and stocks. I’ve spent the last year and a half being cautious in the wake of the Bubble-Blowing Bull Market that finally ended early ...
U.S. stocks fall on last trading day of 2022, booking monthly losses and worst year since 2008
U.S. stocks ended lower Friday, booking their worst annual losses since 2008, as tax-loss harvesting along with anxieties about the outlook for corporate profits and the U.S. consumer took their toll....
Democrats release six years of Trump’s tax returns, and CPAs have questions: ‘The personal tax return is just the tip of the iceberg.’
The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, ...
Dow up over 350 points, stocks rebound after jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks advanced on Thursday afternoon, erasing losses from earlier in the week during the second-to-last trading session of the year. The main indexes built on premarket gains after U.S. weekly j...
Donald Trump paid $0 in taxes in 2020. He’s not alone: 60% of households paid no federal income tax that year, but for very different reasons.
It’s not that unusual. Former President Donald Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxati...
Dow ends over 350 points lower as investors weigh housing data, 2023 recession concerns
U.S. stocks finished sharply lower on Wednesday, as investors assessed economic data on the housing market amid concerns over rising interest rates and economic growth in 2023. How stock indexes trade...
‘Five days that killed the year’: These trading sessions accounted for 95% of the S&P 500’s losses in 2022
Just five trading sessions accounted for more than 95% of S&P 500 index losses in 2022, according to an analysis by Datatrek co-founder Nicholas Colas in a note published Wednesday, as stocks head...
5 things not to buy in 2023
It’s been a year of contradictions. The recession drum beats on, interest rates are rising, and the stock market has taken a tumble, and yet retail sales have risen 6.5% in the last 12 months, trailin...
Asian shares rise in thin holiday trading, with U.S., European markets closed
BANGKOK (AP) — Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Hong Kong, Sydney and several other places closed. Tokyo’s Nikkei 225 index NIK, +0.65% gained 0.6% to...
Opinion: Opinion: FTX was a warning. We must plug the other holes in the Swiss cheese.
FTX’s unraveling should not have come as any great surprise. When an unregulated market like crypto is opened to financial novices, mistakes are bound to be made and fraudsters are sure to take advant...
Christmas Stock Market Closing, Housing and Labor Data, and More for Investors to Watch This Week
Stock and bond markets will be closed on Monday for the Christmas holiday. It will be a quiet holiday week once Wall Street reopens. It’s the stretch between Christmas and New Years, and the corporate...
Opinion: Three value-stock investors favor these six picks for a rocky 2023
Analysts expect value stocks to maintain outperformance over growth stocks as interest rates rise and the economy falters. To find some of the best value names to consider, I recently checked in with ...