The cost to keep a roof over your family’s head has increased at the fastest pace in decades, putting serious pressure on Americans’ wallets. The shelter component of the Consumer Price Index increased 0.5% between February and March, in line …
On April 13, Tesla CEO Elon Musk offered to buy Twitter TWTR for $54.20 a share. Twitter’s stock closed at $45.08 (17% below Musk’s takeout offer price) on April 14, making it clear that many investors believe the deal won’t …
Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company …
High-quality bonds should hold up better than stocks, right? Particularly if defaults aren’t really the worry. But that hasn’t been the case lately for debt issued by many Fortune 500 companies, a sector hit notably hard since the Federal Reserve …
U.S. stocks ended modestly lower Tuesday, erasing earlier gains, as investors questioned whether the sharpest rise in the consumer price index in more than 40 years marks peak inflation. What happened The Dow Jones Industrial Average DJIA fell 87.72 points, …
CHAPEL HILL, N.C. –Want to lock in a greater-than-8% return with U.S. Treasurys over the next 12 months? Of course you would, especially given the higher-than-expected inflation numbers reported this week, with the Consumer Price Index rising 8.5% over the …
The Federal Reserve signaled its plans to increase a key U.S. interest rate by 1/2 percentage point steps at upcoming meetings if inflation remains high or gets even worse, according to minutes of the central bank’s last strategy session in …
Groceries, gasoline and housing prices have shot higher in recent months, squeezing household budgets and grabbing the attention of U.S. central bankers looking to tamp down a four-decade-high inflation rate. How high do mortgage rates need to rise before it’s …
The World Bank cut its growth forecast for East Asia and the Pacific for 2022 — which includes growth engine China — to reflect the economic pinch of Russia’s invasion of Ukraine. The Washington-based lender said in a report early …
As if some of the highest electricity prices in Europe and threats of gas rationing are not enough, Germany is apparently now facing a shortage of french fries. Reports that some German restaurants have stopped serving french fries with burgers …
The numbers: The U.S. created a steady 431,000 jobs in March and the unemployment rate took another step toward a half-century low, as companies pushed to add staff and more people entered the labor force in search of work. The …
U.S. stock futures pushed higher on the first day of second quarter on Friday, as investors waited for important jobs data and monitored developments surrounding the ongoing war in Ukraine. How are stock-index futures trading? On Thursday, the Dow DJIA …