Federal Reserve Chair Jerome Powell has the opportunity to reinforce market expectations for a late July rate cut or rein them in when he speaks to Congress in the week ahead. Powell testifies before the House Financial Services Committee Wednesday and at the Senate Banking Committee Thursday, and is expected to answer questions on the
President Donald Trump speaks during a press conference after the G-20 Summit on June 29, 2019 in Osaka, Japan. Tomohiro Ohsumi | Getty Images President Donald Trump lambasted the Federal Reserve yet again on Friday, saying he thinks the economy will “be breaking records” even though the central bank has rates set too high. “If
For anyone getting close to joining the ranks of retirees, there are some key aspects of your impending new status you need to review. Roughly 10,000 baby boomers turn 65 every day, the age most often associated with retirement. Of course, not everyone hangs up their working hat at exactly that age, which means your
One of the first decisions home sellers must make is about timing. This immediately raises the question of whether it is more prudent to buy and then sell, or to sell and then buy. The reality as I see it is it’s almost always better to sell first. While some reasons for this are obvious,
The peppers are unloaded from a truck into the factory as 300 sriracha fans tour Huy Fong Foods in Irwindale, CA. Anne Cusack | Los Angeles Times | Getty Images The maker of Sriracha hot sauce lost its legal battle with its former jalapeno supplier after a California jury awarded the pepper grower $23.3 million
President Donald Trump shakes hands as he announces his nominee for Chairman of the Federal Reserve, Jerome Powell, in the Rose Garden of the White House in Washington, DC, November 2, 2017. Saul Loeb | AFP | Getty Images President Donald Trump and Federal Reserve Chair Jerome Powell have talked on the phone a handful
Christie’s A 3,300-year-old sculpture of Tutankhamen’s head sold for almost $6 million at auction, defying calls from Egyptian authorities for the artifact to be returned to its native country. Auction house Christie’s said the “rare, beautiful and important work” achieved a price of £4,746,250 ($5,968,058) in London on Thursday, where it was purchased by an
Attendees visit the Electronic Arts (EA) Inc. display at the E3 Expo in Los Angeles, California. Patrick Fallon | Bloomberg | Getty Images Shares of Electronic Arts fell more than 5% Friday morning after initial viewership numbers for a new release failed to reach previous highs. The video game company released season 2 of the
College student entering a financial aid. Pamela Joe McFarlane | Getty Images Students’ knowledge of the financial aid process is “shockingly low.” That’s the takeaway from a new study by ACT, which in April 2018 surveyed about 1,200 high school students who were registered to take the standardized test. Regardless of economic background, most families
Investing to create wealth is more about maximizing your returns after fees, than minimizing your expenses. The top 3 mutual funds in my just-completed analysis are not the cheapest. Nevertheless, these funds beat their benchmarks by the widest margins for the last 10 years and are still managed by the people responsible for the fund’s track