Consumer spending

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…

Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting

The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall…

New fund bets big on Eisenhower-era stocks

Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known…

One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs

The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…

15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer

The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…

‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts

Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for…

Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it

As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to…