The percentage of US households lacking access to a checking account is now at a record low, but minorities still have a weaker connection to the American banking system than white households do.
Food inflation remained sticky in October as select items drove prices higher. The cost of groceries climbed 1.1% compared to a year ago, per data from the Bureau of Labor Statistics, and 0.1% compared to September.
Americans fell a bit further behind on their credit cards and other loans last quarter, as household debt reached an all-time high, the Federal Reserve Bank of New York reported on Wednesday.
Treasury yields resumed their rise as investors looked ahead to crucial consumer price data on Wednesday, which could further erode confidence in Federal Reserve interest-rate cuts over the next year.
Even with some recent bouts of volatility, it appears money market liquidity levels remain robust, a top New York Federal Reserve official said on Tuesday, suggesting the case for the Fed to press on with its balance sheet drawdown can proceed.
Trump Media & Technology Group stock (DJT) closed more than 4% higher Monday after surging 15% on Friday following news that Donald Trump would not sell his shares in the company.
US Treasuries opened weaker as investors looked to rekindle the selloff spurred by Donald Trump’s presidential victory last week.
Bank of Japan policymakers were divided on how soon they could raise interest rates with some warning of the risk of renewed market volatility, a summary of opinions at the October policy meeting showed on Monday.
Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after Chinas stimulus plan disappointed investors seeking fuel demand growth in the worlds No. 2 oil consumer.
The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after Donald Trump was elected president.
Mortgage rates rose for a sixth consecutive week, following Treasury yields as they climbed higher through the presidential election.
Evercore ISI on Wednesday forecast the S&P 500 will rise to 6,600 by mid-2025, saying a "decisive and uncontested" win by Donald Trump as U.S. president and a potential Republican sweep "was nobodys base case."
Trump Media & Technology Group stock (DJT) surged as much as 25% on Wednesday as Donald Trump clinched victory over Kamala Harris in the presidential election. Shares pared gains throughout the trading day to close around 6% higher.
Republican Donald Trump won Indiana, West Virginia and Kentucky in Tuesdays presidential election while Democrat Kamala Harris captured Vermont, Edison Research projected, as polls closed in the first six U.S. states including the critical state of Georg
Bitcoin added to its biggest gain in a week as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice president during a government crack
