Bond yields tumbled on Thursday as investors flocked to the safety of government debt and the odds of a US recession appeared to be growing. The Atlanta Fed lowered its estimate for second-quarter GDP on Thursday to minus 1%, from +0.3% on Monday. The latest estimate comes after first-quarter GDP shrank at a 1.6% annual …
Bank of America clients sold the stock-market rally last week but were buying exchange-traded funds across styles in a tough year for equities, according to BofA Global Research. The bank’s clients were net sellers of US stocks for a third straight week, BofA equity and quant strategists said in a research note dated June 27. …
Bank of America clients sold last week’s stock-market rally while buying ETFs Read More »
Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs with the pandemic’s scariest days hopefully done, for some it can’t come a moment too soon. Equifax, Experian and TransUnion are dropping the …
Hi MarketWatchers. Don’t miss these top stories. ‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports on July 1. Will this help your credit score? ‘The upside is tremendous,’ one credit expert said. Read More ‘We need people in it for the long …
Are we having fun yet? I take no pleasure in seeing my portfolio shrink, but I love buying stock index funds at discount prices and I’m always amused by the hand-wringing in the financial media. Two years ago, we were hiding out in our homes, fretting over a global pandemic and worrying about an economic …
Worried about the stock market? 4 reasons to keep your cool. Read More »
Hi, MarketWatchers. Don’t miss these top stories. ‘Grant Bae was a scam’: FTC shuts down grant-writing service they say ripped off dozens of minority-owned businesses during the pandemic Regulators say Traeshonna Graham claimed to secure grants for struggling businesses for thousands in fees but never delivered. Read More Believe it or not, gas prices have …
Are we having fun yet? I take no pleasure in seeing my portfolio shrink, but I love buying stock index funds at discount prices and I’m always amused by the hand-wringing in the financial media. Two years ago, we were hiding out in our homes, fretting over a global pandemic and worrying about an economic …
Worried about the stock market? 4 reasons to keep your cool. Read More »
As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate the founding of the United States. During the extended holiday weekend, both bond and stock markets will be closed on Monday July 4, while bond traders can enjoy an extra half-day off heading into the …
The numbers: A key gauge of US inflation rose 0.6% in May largely due to the higher cost of gas and food, but there were renewed signs that price pressures were starting to ease. The increase in the so-called personal-consumption price index was triple the 0.2% gain in April. But a narrower measure of inflation …
Raging US inflation is starting to cool, key price gauge signals Read More »
Taco Bell can’t get enough Cheez – and neither can Twitter. The Yum! Brands YUM, + 0.31% Tex-Mex chain has teamed up with Kellogg’s K, + 1.06% Cheez-It for a new menu item that they’re testing in California: the Big Cheez-It Tostada. Basically, the $ 2.49 dish piles seasoned beef, reduced-fat sour cream, fresh diced …
Taco Bell and Cheez-It have tongues wagging with new toast on a giant cracker Read More »