The average American carries $6,523 in credit card debt -- and it's rising. See how you compare by generation, plus ways to start paying it down faster.
Economist Peter Schiff warned that a prolonged Iran war could cost the U.S. up to $1 trillion and drive inflation sharply higher, while Mohamed El-Erian cautioned that escalating conflict disrupting oil flows through the Strait of Hormuz could trigger supply chain shocks and broader economic risks.
HOUSTON, Texas - Fountain Forward, a Houston-based automotive marketing agency, has released its latest Automotive Market Minute episode, offering dealers and market watchers an in-depth look at the trends shaping the U.S. automotive industry as the spring market approaches.
What Happened? Shares of freight Delivery Company ArcBest (NASDAQ:ARCB) fell 6.2% in the afternoon session after a much weaker-than-expected U.S. jobs report...
What Happened? Shares of global financial services giant Citigroup (NYSE:C) fell 2.5% in the afternoon session after the stock fell amid broader market jitte...
What Happened? Shares of electrical supply company WESCO (NYSE:WCC) fell 5.1% in the afternoon session after a much weaker-than-expected U.S. jobs report for...
What Happened? Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 11.9% in the afternoon session after a surprising...
What Happened? Shares of vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) fell 3.8% in the afternoon session after a surprisingly weak U.S...
What Happened? Shares of supply chain software provider Manhattan Associates (NASDAQ:MANH) jumped 3.2% in the afternoon session after the company announced t...
What Happened? Shares of insurance software provider Guidewire Software (NYSE:GWRE) jumped 5.9% in the afternoon session after the company reported better-th...
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.95%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.51%. March E-mini S&P futures (ESH26 ) fell -1.39%, a...
A number of stocks fell in the afternoon session after investors grew increasingly concerned about the sector's exposure to the opaque private credit market.
A number of stocks fell in the afternoon session after investors grew increasingly concerned about the sector's exposure to the opaque private credit market.
A number of stocks fell in the afternoon session after investors grew increasingly concerned about the sector's exposure to the opaque private credit market. These jitters were fueled by specific events that raised red flags about potential risks.
The dollar index (DXY00 ) on Friday fell by -0.35%. The dollar was under pressure on Friday from a weaker-than-expected US Feb payroll report. Also, a decline in US Jan retail sales added to negative sentiment toward the dollar. Losses in the doll...
The American consumer, long the indomitable engine of the global economy, appears to be finally hitting the brakes. Recent data released this week shows that real retail spending—the total value of goods purchased adjusted for the eroding effects of inflation—fell by 0.7% in the most recent month.
A number of stocks fell in the afternoon session after investors grew increasingly concerned about the sector's exposure to the opaque private credit market.
A number of stocks fell in the afternoon session after investors grew increasingly concerned about the sector's exposure to the opaque private credit market. These jitters were fueled by specific events that raised red flags about potential risks. Western Alliance Bancorporation announced it was writing off a $126.4 million loan after a counterparty group, led by Jefferies Financial Group, defaulted on a payment agreement. This news sent Western Alliance shares down more than 6%. The concerns are broader than a single loan, as a recent report noted that investment giant BlackRock had also slashed the value of a private loan in its portfolio to zero. Private credit refers to lending by non-bank institutions, a market that has grown rapidly but lacks the transparency of public markets, making investors nervous about what other hidden risks may exist on bank balance sheets.
