Credit card balances jump to $1.08 trillion record. How we got here

Credit card balances jump to $1.08 trillion record. How we got here

Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. “Credit card balances experienced a large jump in the third quarter, … Read more

What one top economist sees ahead

What one top economist sees ahead

There’s a lot for investors to watch as stocks inch towards all-time highs. But the “big unknown” that matters most is the ongoing trade dispute between the United States and China, particularly as it relates to the U.S. economic layout, says Benn Steil, director of international economics and senior fellow at the Council on Foreign … Read more

What wealthy independents think of Trump, coronavirus and economy

What wealthy independents think of Trump, coronavirus and economy

U.S. President Donald Trump holds up a protective face shield during a tour of the Ford Rawsonville Components Plant that is manufacturing ventilators, masks and other medical supplies during the coronavirus disease (COVID-19) pandemic in Ypsilanti, Michigan, U.S., May 21, 2020. Leah Millis | REUTERS Independent voters, a key swing voting bloc for the 2020 … Read more

Equal Pay Day highlights $1.2 million salary shortfall for some women

Equal Pay Day highlights $1.2 million salary shortfall for some women

Equal Pay Day is a reminder of the persistent income inequality between men and women. As it stands, women earn just 84 cents for every dollar earned by men, according to an analysis of U.S. Census Bureau data by the National Women’s Law Center. “When you look at the cent number, it looks like it’s small,” … Read more

After Biden praises progress on inflation, economists weigh in

After Biden praises progress on inflation, economists weigh in

In his State of the Union address, President Joe Biden celebrated his administration’s progress in the fight against inflation. “Wages keep going up and inflation keeps coming down,” Biden said in the annual speech before Congress. Inflation has cooled while wages have ticked higher, but households are still struggling to keep up with the increased cost of living. More from Personal Finance:Why gas is so … Read more

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. The transaction is expected to close in … Read more

Unemployment fell for Black women in February, more joined labor force

Unemployment fell for Black women in February, more joined labor force

A sign posted outside a restaurant looking to hire workers in Miami on May 5, 2023. Joe Raedle | Getty Images News | Getty Images Unemployment among Black women fell in February as the number of those looking for work increased, data released Friday by the U.S. government showed. The U.S. unemployment rate edged higher … Read more

This upcoming event could turn the market into a ‘minefield’: Boockvar

This upcoming event could turn the market into a 'minefield': Boockvar

Brace yourselves. The U.S. stock market could become a “minefield” this upcoming earnings season as companies begin to feel the heat from slowing economies around the globe, warns Peter Boockvar, chief investment officer at Bleakley Financial Group. “Earnings, I think, are going to be that minefield,” he said Thursday on CNBC’s “Futures Now.” “You’re going to … Read more

Stocks Fall as Investors Struggle to Maintain Momentum During Earnings Season

Should you buy on the Stock Market Dip?

Stocks fell on Tuesday as investors struggled to maintain momentum during a busy stretch of corporate earnings. The Dow Jones Industrial Average fell by 166 points or 0.5%, the S&P 500 slipped by 0.6%, and the Nasdaq Composite dropped by 0.4%. The market moves on Tuesday came after a solid start to the week, with … Read more