Financial related news.
On the brink of crumbling a decade ago, America’s financial system was saved by an extraordinary rescue that revived Wall Street and the economy yet did little for individuals who felt duped and left to suffer from the reckless bets of giant banking institutions. The government intervention shored up the banking system, allowed credit to [...]
Central Ohio was among the top 10 largest cities where millennials carried the most debt. Columbus ranked 10th among the largest 50 cities in the nation with the average debt balance of $37,118 and the median balance of $25,129, excluding mortgages, according to a study from LendingTree. The average debt balance for all 50 cities [...]
MEXICO CITY (AP) — Many in the U.S. government, and even some in Mexico, say the new trade agreement between the two countries will help increase the extremely low wages in Mexico's auto industry. But activists say the trade agreement won't do that — or stop the steady flow of jobs south — until Mexico [...]
Despite a strong economy, about 40 percent of American families struggled to meet at least one of their basic needs last year, including paying for food, health care, housing or utilities. That’s according to an Urban Institute survey of nearly 7,600 adults that found that the difficulties were most prevalent among adults with lower incomes [...]
NEW YORK — Meet the generation of investors who haven’t known a bear market. The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 — the classic definition of a bear [...]
NEW YORK — The most valuable American companies at the start of the current bull market included an oil company and retail and consumer goods giants, and just one technology company. The ranking seems very traditional, even a bit old-fashioned, compared to today, when big technology companies dominate the top of the market. The top [...]
NEW YORK — The bull market in U.S. stocks is about to become the longest in history. If stocks don’t drop significantly by the close of trading today, the bull market that began in March 2009 will have lasted nine years, five months and 13 days, a record that few would have predicted when the [...]
WASHINGTON — President Recep Tayyip Erdogan is blaming the United States for Turkey’s financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By ratcheting up U.S. interest rates, the Federal Reserve has — unintentionally — [...]
WASHINGTON (AP) — Congressional auditors say about 30 million people — 21 percent of U.S. taxpayers — will have to come up with more money to pay their 2018 taxes next year because their employers withheld too little from their paychecks under government tables keyed to the new tax law. New tax withholding tables for [...]
WASHINGTON (AP) — Orders for long-lasting factory goods rose in June after declining for two months, a sign manufacturing is still growing despite a series of global trade disputes. The Commerce Department said Thursday that durable goods orders — items meant to last at least three years, from cars to appliances — rose 1 percent [...]