Tag: economic news

Treasury yields rise Friday but 10 and 30-year debt mark third straight weekly slide

Yields for U.S. government debt on Friday rose slightly, but long-dated bond yields rang up a third straight weekly drop after Federal Reserve Chairman Jerome...

Dow futures drift higher as investors watch for retail sales to end the week

U.S. stock-index futures on Friday were trading slightly higher ahead of a data on June retail sales, after a week featuring assurances by Federal Reserve...

I cover most of my parent’s expenses — what tax breaks am I eligible for?

Do you pay over half the cost of supporting a parent? If so, your parent is your dependent for federal income tax purposes. As such,...

China’s Economic Growth Slows in the Second Quarter

BEIJING—China’s economic rebound slowed in the second quarter but continued to show unusual resilience more than a year after the country largely got control of...

Gold heads for highest finish in nearly a month as Powell says inflation will moderate

Gold futures headed toward their highest finish in nearly a month on Wednesday, with prices up for a second session. Softness in the U.S. dollar...

Why vegetarians are winning the inflation battle

Now is a great time to become a vegetarian. That’s because beef and pork-based foods are increasingly becoming more expensive. In June, Americans paid 4.5%...

Yellen keeps up push for greater U.S. climate-change regulation, rebuffing concerns of Republicans

Treasury Secretary Janet Yellen said Sunday she will lead an effort across U.S. financial regulators to better scrutinize the potential of climate-change risk, part of President Joe...

Get ready for peak earnings growth as second-quarter results kick off this week

Stock indexes shot back into record territory Friday, a day after their stumble sparked by tumbling Treasury yields and economic growth concerns. Equities could be...

8 inflation tips for your savings, investments and retirement planning

As we’ve all noticed, inflation has been on the rise lately — the Consumer Price Index rose from 1.6% at the end of the first...

Overpricing and other home selling mistakes that can cost you

It’s a seller’s market in real estate, which means that buyers have much to feel anxious about. But sellers have reasons to lose sleep, too....

Opinion: If you want to fix climate change, you need to fix this flaw in conventional economic thought

BRUSSELS, Belgium (Project Syndicate)—Nowhere are the limitations of neoclassical economic thinking—the DNA of economics as it is currently taught and practiced—more apparent than in the...

Treasury rally pauses Friday but government debt books second straight weekly yield decline

Yields for long-dated U.S. government debt rose Friday for the first time in five sessions, as a rally that took the 10-year and 30-year Treasurys...

The No. 1 reason workers are considering switching jobs

Many workers are ready to bounce. Some 95% of respondents in a new survey were “currently considering changing jobs,” and 92% said they would switch...

Minneapolis Fed requiring COVID-19 vaccinations by next month — or employees will lose their jobs

Employees at the Federal Reserve Bank of Minneapolis have until the end of August to get vaccinated against COVID-19 if they want to keep their...

European Business Leaders Want a Stronger Hand With China, Not Decoupling

BRUSSELS—A powerful European business lobby group called on European Union politicians to push back harder against China’s state capitalism but not to lock out Chinese...

There are plenty of jobs, but not enough people to fill them. What’s going on?

The U.S. created 850,000 new jobs in June. Great. Yet 9 million people who likely would be working right now had there been no pandemic...

Inflation has ‘really rung’ an alarm for equities forecast, Acadian portfolio manager says

Inflationary pressures are bearing down on Acadian Asset Management’s forecast for the stock market as part of its multi-asset outlook. “In equities, the combination of...

European stocks rise ahead of U.S. payrolls data, closing out trading week marked by delta variant concerns

European equities climbed higher on Friday ahead of the release of key U.S. economic data. Stock-market indexes across the region looked set to close out...

U.S. Wins International Backing for Global Minimum Tax

The U.S. has won international backing for a global minimum rate of tax as part of a wider overhaul of the rules for taxing international...

U.S. unemployment claims sink to pandemic low of 364,000 as extra benefits start to get phased out

The numbers: New applications for unemployment benefits sank by 51,0000 last week to a new pandemic low of 364,000, underscoring a rapid recovery in the...

The difference between a vacation home and a rental property — and what it means for your taxes

Do you own a second home that you sometimes use for vacations and sometimes rent out? The IRS wants to know how much time you...

Xi Jinping Warns China Won’t Be Bullied as Communist Party Marks 100 Years

Chinese leader Xi Jinping marked his ruling Communist Party’s 100th anniversary with rousing appeals for national unity and defiance against foreign pressure, a rallying cry...

The Delta variant is now surging in Germany as concern grows in Europe

The Delta variant is now spreading in Germany amid warnings it could account for 90% of cases in Europe by August. The variant, first identified...

Home price growth hits a record high — but homeowners shouldn’t celebrate just yet

The numbers: Home prices rose at the fastest rate on record in April, according to the latest edition of the S&P CoreLogic Case-Shiller Home Price...

Panama Canal Tackles Climate-Change Puzzle: Too Little Rainwater or Too Much

PANAMA CITY—The Panama Canal faces a creeping threat from climate change, including droughts so intense that ships sometimes reduce their cargo so as not to...