Federal Reserve Chair Jerome Powell has the opportunity to reinforce market expectations for a late July rate cut or rein them in when he speaks to Congress in the week ahead. Powell testifies before the House Financial Services Committee Wednesday and at the Senate Banking Committee Thursday, and is expected to answer questions on the
Month: July 2019
President Donald Trump speaks during a press conference after the G-20 Summit on June 29, 2019 in Osaka, Japan. Tomohiro Ohsumi | Getty Images President Donald Trump lambasted the Federal Reserve yet again on Friday, saying he thinks the economy will “be breaking records” even though the central bank has rates set too high. “If
For anyone getting close to joining the ranks of retirees, there are some key aspects of your impending new status you need to review. Roughly 10,000 baby boomers turn 65 every day, the age most often associated with retirement. Of course, not everyone hangs up their working hat at exactly that age, which means your
The state of Illinois, it turns out, has a teacher shortage; with a study commissioned by the Illinois Association of Regional Superintendents of Schools (IARSS) reporting that Superintendents in 85% of the districts surveyed believed that they have either a major or a minor problem with teacher shortages. Broken down, 32% deem the problem “serious” and 53% “minor”; however, when asked to forecast their expectations for 2020 and 2021, the percent predicting a “serious” problem grows to 51%. In
One of the first decisions home sellers must make is about timing. This immediately raises the question of whether it is more prudent to buy and then sell, or to sell and then buy. The reality as I see it is it’s almost always better to sell first. While some reasons for this are obvious,
The peppers are unloaded from a truck into the factory as 300 sriracha fans tour Huy Fong Foods in Irwindale, CA. Anne Cusack | Los Angeles Times | Getty Images The maker of Sriracha hot sauce lost its legal battle with its former jalapeno supplier after a California jury awarded the pepper grower $23.3 million
President Donald Trump shakes hands as he announces his nominee for Chairman of the Federal Reserve, Jerome Powell, in the Rose Garden of the White House in Washington, DC, November 2, 2017. Saul Loeb | AFP | Getty Images President Donald Trump and Federal Reserve Chair Jerome Powell have talked on the phone a handful
Christie’s A 3,300-year-old sculpture of Tutankhamen’s head sold for almost $6 million at auction, defying calls from Egyptian authorities for the artifact to be returned to its native country. Auction house Christie’s said the “rare, beautiful and important work” achieved a price of £4,746,250 ($5,968,058) in London on Thursday, where it was purchased by an
Attendees visit the Electronic Arts (EA) Inc. display at the E3 Expo in Los Angeles, California. Patrick Fallon | Bloomberg | Getty Images Shares of Electronic Arts fell more than 5% Friday morning after initial viewership numbers for a new release failed to reach previous highs. The video game company released season 2 of the
College student entering a financial aid. Pamela Joe McFarlane | Getty Images Students’ knowledge of the financial aid process is “shockingly low.” That’s the takeaway from a new study by ACT, which in April 2018 surveyed about 1,200 high school students who were registered to take the standardized test. Regardless of economic background, most families
Investing to create wealth is more about maximizing your returns after fees, than minimizing your expenses. The top 3 mutual funds in my just-completed analysis are not the cheapest. Nevertheless, these funds beat their benchmarks by the widest margins for the last 10 years and are still managed by the people responsible for the fund’s track
If you recently moved from your home and leased it out, or inherited a rental property, you’re in one of the largest demographics of real estate investors: accidental landlords. When it comes to leasing, the learning curve is a harsh one. I kept my first home as a rental property after I moved out and
Amazon turned 25 years old this week. In its quarter century of existence, it has created roughly a trillion dollars in shareholder value. Amazon dominates e-commerce, has the biggest cloud-computing infrastructure offering and leads the market for home assistants with its Alexa technology. Additionally, it has a burgeoning online ad business and is becoming a
The market is expecting too many cuts from the Federal Reserve this year, widely followed economist Mohamed El-Erian said Friday. “We as the market base have gotten carried away — carried away thinking it will be 50 basis points in July, thinking we’re going to get three cuts by the end of the year,” El-Erian
In a field of 2020 Democratic presidential candidates with no shortage of money, Sen. Kamala Harris and her husband stand out. The California Democrat and her spouse, lawyer Douglas Emhoff, reported about $1.9 million in adjusted gross income for last year, according to tax returns released earlier this year. Their 2018 haul more than doubles
President Donald Trump’s prospective Federal Reserve nominee sees an economy that is booming and thinks the central bank should not be a force standing in its way. Judy Shelton told CNBC that Friday’s strong jobs report is a good example of fiscal policy working, though she has expressed reservations about the Fed’s actions. The June
Image Source | Getty Images Once Facebook’s Libra makes it to the cryptocurrency mainstream, there may be a new threat to consumers: Their own bad spending habits. Libra is a proposed cryptocurrency designed by Facebook and operated with a consortium of partners, including payments providers, credit card companies and consumer companies. It is set to
A diagnosis of breast cancer changes your life but you can proactively improve your finances and add legal protection. Following a diagnosis of breast cancer take proactive financial and steps. photo credit: Getty Getty A diagnosis of breast cancer will affect every aspect of your life, not just health issues. It will affect finances, life
Investing in a building requires the investor to do a little digging and to pay attention to the details. Older buildings can be potential treasure troves, but people need to look over the property critically, as not all old buildings are worth the investment of time, energy or funds. To find out more about what to watch
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines whether stopping work before filing can negatively affect benefit rates, understanding eligibility for survivor’s benefits, how the earnings test is applied, potential effects of foreign pensions and auxiliary benefit
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