Despite its independence, the Federal Reserve may quietly want a bear market that takes down a president that loves tweeting about the stock market. TheStreet talks with veteran Fed watcher Peter Schiff.
The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell.
Investors expect the humming economy to translate into an uptick in profits for trucking companies when they report earnings over the next couple of weeks. But carriers can’t add capacity fast enough to take advantage of the flood of new business.
Oil prices in New York jumped to a two-and-a-half year high Tuesday and briefly topped $60 a barrel due to a Libyan pipeline explosion and frigid weather in the US. The benchmark US contract, West Texas Intermediate for February delivery, rose $1.50 to $59.97 a barrel after earlier breaching $60 for
The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first major legislative victory in office.
For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. For years the U.S. Virgin Islands funded essential public services with help from Wall Street. Investors lined up to purchase its triple-tax-exempt bonds, a form of debt free from municipal, state
More than a dozen cities and counties across the country rang in the summer season by raising their minimum wage – but businesses warn that the bid to boost worker pay could backfire on employees just like it has in Seattle.
Federal Reserve chair Janet Yellen, noting uncertainty in the US economic outlook, says the central bank still sees a “gradual” pace of rate increases despite unknown fiscal policy. While it is not my intention to opine on specific tax or spending proposals, I would point to the importance of improving
OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. Non-OPEC Russia will also join output reductions for the first time in 15 years to help the Organization of the
The consumer discretionary sector's 0.74 percent increase on Tuesday led the gainers among the 11 major S&P sectors, boosted by strong quarterly reports from Dollar Tree and Signet Jewelers. The Dow took 121 days, or about five months, to move to 18,000 points from 17,000 points, but has since
Though every eye in the country is focused on the election, Americans should take a moment to look at the socialist disaster unfolding in Venezuela. Domestic economic anxiety is legitimate, but we should be thankful we're so much better off than those subjected to the economic nostrums of the far Left. Americans are fortunate they no longer have to worry about diphtheria; Venezuelan doctors warn that their country may be on the verge of an epidemic because vaccines and antibiotics are so scarce. Americans are fortunate that prices are fairly stable; Venezuela has the highest inflation rate in the world, expected to hit 700 percent this year. Americans can walk into a store when they like and find stocked shelves. In Venezuela, thanks to government price fixing and therefore insufficient supply, you have to stand in line to buy a single bag of corn flour, and there is no guarantee of success even then.
OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. "OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus
The rent may be too damn high, but so is the cost of buying a place — particularly in California. This map show the salary you'd need to buy a home in different US cities, based on the median home price.
By Manolo Serapio Jr MANILA (Reuters) - Gold rallied to its highest since 2014 on Wednesday and oil struggled to recover from deep losses, as renewed fears over the impact of Britain's exit from the European Union pushed investors toward safe havens. Risk aversion gripped markets - Asian stocks tumbled
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel. Russia, which has been hit hard by the oil price collapse, was flirting with the idea of
When the oil boom was churning in remote expanses of Montana and North Dakota, Andy Turco left college in Illinois to take a chance on finding backbreaking, dangerous and high-paying work on the Great Plains.
Axis Capital Group based in Singapore is a company that sells and rents construction capital equipment from cranes to excavators and related heavy construction equipment throughout Southeast Asia. The company is a multi-line dealership that is committed in assisting you in finding the products that will meet your job requirements.
We know about the 10 kinds of people. (You know, those who can read binary and those who can’t.) This is PC Speak: An Abney and Associates Internet and Technology Research Lab - Technology related to every day life!