New Yorkers Breathe Easier as Medical Debt Loses Credit Grip
New York is becoming the second state in the union to shield its citizens' credit ratings from being damaged by unpaid medical debt.
Dec 15, 2023 9:50 AM EST
Wall Street Eyes $6 Trillion Cash Tsunami Sparked by Fed Pivot
A roughly $6 trillion hoard of cash sitting on the sidelines is one significant element that investors watching whether markets can continue their wild run are keeping an eye on.
Black Friday Bonanza? Retail Sales Rise Despite Inflation Fears, Holiday Spirit Intact
Americans unexpectedly increased their spending from October to November as the unofficial Christmas season began, demonstrating the power of buyers despite rising costs.
Moving Day in Manhattan? Median Rents Tumble, Marking a Potential Turning Point
A research issued on Thursday, reveals that rentals in Manhattan decreased for the first time in more than two years as the number of vacant apartments increased and tenants refused to accept price reductions.
Latest News
HSBC Declares New Market Paradigm Where Fixed Income Reigns
According to HSBC Asset Management, when the global order breaks, markets have entered a "new paradigm" and recession risk indicates that "bonds are back.
Dec 14, 2023 8:05 AM EST
Fed Pivots, Eyes 3 Interest Rate Cuts to Kickstart Next Year
For the third consecutive week, the Federal Reserve held its benchmark interest rate steady on Wednesday, and policymakers hinted that they anticipate reducing it by three quarter points in the next year.
Dec 14, 2023 5:41 AM EST
Holiday Season Could Leave Luxury Retailers Drowning in Unsold Inventory
Early holiday shopping season reductions from high-end fashion stores such as Bergdorf Goodman on New York's Fifth Avenue fueled fears that a lackluster Christmas would lead to inventory gluts, perhaps pulling labels into a lowering cycle that would cheapen their image.
Dec 13, 2023 10:37 PM EST
US Stocks Navigate Uncertainty as $5 Trillion Options Hang in the Balance
Market participants indicated that dealers squaring their books ahead of what is expected to be the largest-ever options expiry for S&P 500-linked derivatives may be assisting in minimizing volatility in U.S. equities.
Dec 13, 2023 8:59 AM EST
US Soaring Prices in Restaurants and Car Repairs Contribute to November Surge
Inflation in the United States remained virtually constant last month, owing to falling gas costs. However, underlying pricing pressures from apartment rents, restaurant meals, vehicle insurance, and a variety of other services remained persistently high.
Dec 13, 2023 5:08 AM EST
Deck the Halls without Breaking the Bank: 5 Tricks to Master Holiday Spending
It is easy to overspend and get bogged down in Christmas shopping, but worry not! Here are eight valuable recommendations to ensure you stick to your budget for the new year.
Dec 12, 2023 11:50 AM EST
Will Inflation Hold Steady? Treasury Yields Drop as Investors Anticipate Key Data Release
Ahead of the Federal Reserve's final meeting of the year, investors were waiting for important inflation statistics, which caused U.S. Treasury rates to drop on Tuesday.
Dec 12, 2023 10:54 AM EST
Zara Facing Backlash for Ad Resembling Gaza Destruction
After some pro-Palestine activists called for a boycott of the fashion company, Zara removed an advertisement campaign on Monday off the first page of its website and app. The campaign featured sculptures shrouded in white and mannequins with missing limbs.
Dec 12, 2023 8:39 AM EST
Fed Leaves Rates Unchanged, Casting Doubt on Speculation of Early Cuts
With inflation approaching the Federal Reserve's 2% objective, officials are addressing - and in some cases, stoking - expectations that they would make a significant policy move and drop interest rates next year, maybe as early as April.
Dec 12, 2023 2:29 AM EST
Government's Onion Price Fix Raises Questions as Consumers Feel the Pinch
After India extended its export restriction on Friday, onion prices surged beyond Tk 200 per kg in the local market. The commerce ministry is striving to stabilize these prices.
Dec 11, 2023 9:50 AM EST
PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon
In an effort to fulfill a deadline of December 31, the PGA Tour has limited the pool of possible investors to a new group headed by Fenway Sports Group and announced that it will carry on with talks with Saudi Arabia's national wealth fund.
Dec 11, 2023 9:17 AM EST
Macy's Faces Potential Buyout as Investors See Opportunity
According to a source familiar with the situation on Sunday, an investment consortium led by Brigade Capital and Arkhouse Management has made a $5.8 billion bid to take department store operator Macy's private.
Dec 10, 2023 10:59 PM EST
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
