• Stocks slide ahead of expected sweeping Dodd-Frank overhaul

    11 monthes ago - By Business Insider

    Stocks fell Tuesday ahead of a House vote on Dodd-Frank and as markets ready for the release of Federal Reserve meeting minutes. The dollar fell, and the 10-year held comfortably above 3%.
    Here's the scoreboard:
    Dow Jones Industrial Average : 24,835.58 −177.71
    S&P 500 : 2,725.36 -7.65
    AUD/USD : 0.7575 -0.0010
    ASX 200 SPI futures: 6,041.0 -39.5
    Congress is set to pass a sweeping rollback of post-financial crisis regulations. Regional bank shares rallied ahead of a House vote on the bill, which is expected to easily pass, with Fifth Third Bank gaining nearly 4% .
    China is sharply cutting...
    Read more ...


  • Low US unemployment rate masks financial struggles for many

    Low US unemployment rate masks financial struggles for many

    11 monthes ago - By Chron

    WASHINGTON - A Federal Reserve survey shows that despite an ultra-low 3.9 percent unemployment rate, about one-third of U.S. adults faced financial insecurity last year and often struggled to pay unexpected expenses.
    For three in 10 adults, their monthly incomes fluctuated - often because their work schedules changed at short notice - and that caused about one in ten Americans to miss some bill payments. Forty percent of adults would have had to borrow money or sell something to pay an emergency expense of just $400.
    At the same time, the survey finds the improving economy is benefiting...
    Read more ...


  • Americans report stronger finances in Trump's first year: Federal Reserve

    11 monthes ago - By Reuters

    WASHINGTON - The share of Americans who report they are doing "at least okay" financially rose in President Donald Trump's first year in office, according to Federal Reserve data published on Tuesday.
    Read more ...