Tag: economic news

Prominent chef tells Fed that worker shortages are due to ‘life changes’ in wake of pandemic

The reason that there is a worker shortage in the U.S. restaurant industry is that employees decided to make “life changes” as they went through...

When fines and fees ruin lives

On a recent blustery September morning, Melissa Taylor stood in front of a gathered crowd in New York City. “New York State has been waging...

Dow’s 400-point rally puts it on track for best day in 2 months as investors await Fed decision

U.S. stock benchmarks on Wednesday rose sharply, with investors fixated on the outcome of the Federal Reserve meeting, which concludes later in the session as...

Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.

The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between...

Texas abortion law: Women will have to travel 496 miles on average round trip to get an abortion out-of-state

On Tuesday, Texas’ law which prevents abortions from occurring  after cardiac activity is detectable — around six weeks after conception — went into effect. In...

Here’s the chart that shows what’s about to happen in the jobs market

The payrolls report about to be released Friday could show total employment is back to within 5 million jobs of where it stood before the...

U.S. jobless claims fall to new pandemic low of 340,000 despite delta surge

The numbers: The number of people applying for U.S. unemployment benefits at the end of August fell to a new pandemic low, suggesting the delta...

Robert Shiller’s two stock-market indexes are telling wildly different valuation stories. Here’s why.

When making the argument that stocks are overvalued, one index often is trotted out — the cyclically adjusted price-to-earnings ratio popularized by Robert Shiller, the...

U.S. stocks drift lower as investors prepare to close out a winning August

U.S. stocks were drifting lower Tuesday afternoon, with investor attention settling on employment data coming at the end of the week as major benchmarks remained...

Treasury yields steady as investors await this week’s jobs data

Treasury yields were little changed early Tuesday, with investors weighing signs of a slowdown in China’s service sector as they await U.S. data on the...

Why a debt-ceiling stalemate could push reverse repo demand to $1.4 trillion in next 3 months

Record demand for the Federal Reserve’s overnight reverse repo program could touch a new milestone of $1.4 trillion by year’s end, says Barclays rates strategist...

Opinion: All concerts should mandate that every fan is ‘carded’ — showing proof of a COVID vaccine or test

Since early 2020 we have been bobbing and weaving as the coronavirus has thrown its various variants at us. We’re learning a lot of defensive...

U.S. stocks drift lower after records as investors assess jobless claims, GDP revision

U.S. stocks drifted slightly lower Thursday, as investors weighed data on second quarter economic growth and weekly jobless benefit claims, a day ahead of a...

I dream of moving to San Diego, but it’s so expensive — even with a $300K down payment. Should we wait for the market to cool?

Dear MarketWatch,“Now’s the time to sell!” This is what we all keep hearing. As a homeowner in Northern Arizona, we would be looking to make...

Powell unlikely to fire starting pistol for tapering at Jackson Hole

Federal Reserve Chairman Jerome Powell will be able to equivocate about when the central bank will start slowing down the pace of its bond-buying, essentially...

Is the Fed overdoing it on stimulus? A majority of business economists think so

For the first time since the pandemic began a majority of business economists believe the Federal Reserve is providing too much stimulus, a marked shift...

U.S. stocks close higher in Nasdaq-led rally, but still see losses for the week

U.S. stock indexes climbed higher Friday afternoon but the benchmarks may still end with losses for the week on fears over the spread of the...

Opinion: A pathway to citizenship could create 400,000 new jobs, but only if Congress acts

Even before the coronavirus crisis, the United States suffered from decades of sluggish economic growth, fueled in part by mounting inequality.  But our past doesn’t...

U.S. retail sales slump 1.1% due to shortage of cars and Amazon Prime hangover

The numbers: Americans cut spending at retail stores in July for the second time in three months, largely reflecting an Amazon Prime Day hangover and...

SNAP benefits will increase to an all-time high — here’s how much more the average family will receive each month

The 42 million Americans who rely on government help to pay for food will see the biggest-ever increase in their benefits starting in October, but...

This bond expert called the initial spike in interest rates. He now says a new chapter will emerge.

Scott Peng, the founder and chief investment officer of New York investment manager Advocate Capital Management, made at the beginning of the year what seemed...

Opinion: History shows spending on infrastructure doesn’t always end well

Over the past two centuries, federal, state and municipal governments across the U.S. have launched wave after wave of infrastructure projects. They built canals to move...

Nixon reshaped the world economy 50 years ago. Is crypto on the brink of doing the same now?

Is the global economy steering toward a Bretton Woods for the digital-currency age? Sunday marks the 50th anniversary of what has been described as the...

Opinion: Here’s the stock index you want to own to keep on top of inflation

The stock market is not a bad place to be if high U.S. inflation turns out to be more than transitory. It’s also not a...

‘You shouldn’t just let them go without a fight’: Why the U.S. can’t lose its Black middle-class neighborhoods

The Value Gap is a MarketWatch Q&A series with business leaders, academics, policymakers and activists on reducing racial and social inequalities. The Black neighborhoods of older...