The US Treasury Department will start taking “extraordinary measures” next week to avoid risking a default on government debt,
» Read more about: US Treasury to take 'extraordinary measures' to avoid debt default »
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Mortgage rates were on a downward course—until they weren’t. After falling in September to a 2024 low of 6.08%, the average rate on the benchmark 30-year mortgage made an about-face and has remained persistently high ever since.
» Read more about: Mortgage Rates Forecast For 2025: Experts Predict How Much Rates Will Drop »
U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House.
The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.
» Read more about: A final look at how the U.S. stock market has performed under Joe Biden »
US stocks gained on Friday,
» Read more about: The stock market is on pace for its best week since Trump's election win »
Stocks closed out the week with a bang as Treasury yields retreated from recent highs. Optimism is swirling ahead of President-elect Donald Trump’s inauguration on Monday, which also happens to be a stock market holiday. Indeed, both the equities and bond markets will be closed in observance of Martin Luther King Jr.
» Read more about: Stock Market Today: Stocks Jump Ahead of Trump Inauguration »
Personal Finance
A balanced retirement portfolio is essential for securing your financial future. By spreading investments across various asset classes, you mitigate risks associated with market volatility.
» Read more about: How To Access Retirement Savings Early and Penalty-Free For Disaster Relief »
WASHINGTON (AP) — The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
The nonpartisan Congressional Budget Office released its 10-year budget outlook on Friday that showed a slightly brighter picture as higher taxable incomes will relieve some pressure on the rising national debt.
Donald Trump has promised big changes for the world’s largest economy.
An “end to the devastating inflation crisis”, tariffs and big cuts to taxes, regulation and the size of government are all on the agenda.
» Read more about: Has Trump promised too much on US economy? »
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A Tesla Inc (NASDAQ:TSLA) analyst highlighted the monetization opportunities for the company with its robotaxis and FSD.