Treasury to borrow $776 billion in the final three months of the year
The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a…
The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
As the Israel-Hamas war draws into into its fourth week, the risks to the global economy are rising, economist Mohamed…
Achieving the ‘American dream?’ A lot of it depends on where you grow up
Where a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status.…
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns
An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the…
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The…
Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings
Alphabet’s earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping…
Biden hails hot GDP report, but voters don’t see the rosy picture Wall Street does
WASHINGTON — The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence…
