Monday’s market slump had an eerie feel to it, almost as if investors had been expecting it. After the obvious low trigger, things appear to be stabilizing again Tuesday morning. At least for now, it’s a drop, but not a panic. Treasury Secretary Janet Yellen sees them as similar. “The US financial system has continued … Read more
READING, Pa. — Emily Mascitis has one of the most important jobs you’ve ever known. Four years in the fastest rate at As Americans’ monthly bills Mascitis’s work confirms that $ 9 you just paid for a 4-pound bag of clementines is not an anomaly. Newsletter Sign-up The 10-Point. A personal, guided tour of the … Read more
Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more
Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more
Retirees fret about their portfolios in a turbulent market and rightfully so, but for many, the most important financial and personal decision is where they retire. If they make a mistake — moving to a town they don’t want, buying a home that’s not right for them, or meeting the costs they didn’t expect — … Read more
EU officials have proposed a ban on insured ships that carry Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenues that have fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline … Read more
Retirees fret about their portfolios in a turbulent market and rightfully so, but for many, the most important financial and personal decision is where they retire. If they make a mistake — moving to a town they don’t want, buying a home that’s not right for them, or meeting the costs they didn’t expect — … Read more
WASHINGTON — Top US banking regulators are poised to overhaul how banks leverage billions of dollars annually in low-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal for the Modernize Rules of the 1977 Community Reinvestment Act is set to be aimed at ensuring that lower-income individuals … Read more
The Federal Reserve has approved a rare half-percentage-point interest rate increase and plans to shrink its $ 9 trillion asset portfolio to a double-barreled effort in the next month. The moves, after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range of between 0.75% and 1%. Together, … Read more
There are higher inflation and interest rates than the stock market’s downdraft. This is also a sign that the economy has arrived at a new postpandemic normal — and it is not as lucrative as investors have hoped. The Pandemic Catalyzed a once-in-a-generation change in consumer, worker and company behavior: From a shift to remote … Read more
