The largest part of the economy grew in August at the fastest pace in six months despite higher inflation and a new round of White House tariffs, suggesting the six-year-old U.S. expansion has plenty more room to run.
“Labor markets are quite stable,” said Federal Reserve Chair Kevin Warsh last Friday in his keynote address at the Jackson Hole Economic Symposium. He pointed to the unemployment rate, which, at 4.1%, “remains low by historical standards.” And while recent monthly jobs reports have been weaker than expected, the Fed chair explained that employment gains…
Mortgage rates are a smidge lower today thanks to yesterday’s announcement that the Treasury Department is going to increase purchases of long-term bonds. Mortgage interest rates are pegged to the 10-year Treasury note, so good news for the bond market is good news for mortgage rates. The average interest rate on a 30-year, fixed-rate mortgage…
There’s little question that Broadcom‘s (AVGO -0.66%) position in the artificial intelligence (AI) revolution has made it a bellwether for the industry. As a result, Wall Street and Main Street alike were on pins and needles on Wednesday afternoon, seeking insight into the state of AI. Expectations were high ahead of the company’s quarterly financial…
Oracle could be “nearing the end” of its need to raise cash, a Bernstein analyst says.
“Zero-fee” does not necessarily equate to lacking costs, according to a new PensionBee Inc. white paper, “The True Cost of Zero.” Some providers of zero-fee individual retirement accounts may make structural changes that “can continue eroding wealth benefits beneath the surface,” the paper stated. Modeled on a $107,000 account balance, participants with zero-fee accounts could be…
GaudiLab / Shutterstock.com Freelancing has existed as long as paid work, but it’s often viewed as a riskier path. Although freelancers don’t have the same protections as traditional employees, that trade-off means they have greater control, flexibility, and autonomy over their careers. More than 72 million people in the U.S. currently work independently, and that…
