Author: US

Atlanta Federal Reserve President Raphael Bostic is not worried at all about the possibility of “runaway” U.S. inflation. Bostic acknowledged the rate of inflation could surge in the coming months as the economy more fully reopens and growth speeds up. Yet in a talk with the Economic Club of New York he said he expects […]

This article is reprinted by permission from NextAvenue.org. “I should have died or been paralyzed,” says Gwen Buchanan. Despite our fuzzy Zoom ZM, +1.32% connection, I see her get teary-eyed. The 50-year-old Mehoopany, Pa. physical therapist is referring to two accidents that nearly took her life. In total, she’s been through rehab four times, once for […]

Erika Behlmer-Rothberg, a 30-year-old Ph.D student from Florida, has finally booked a honeymoon with her husband. She chose a European river-cruise vacation for the week of Christmas as a honeymoon getaway with her husband. She’s in favor of cruise lines requiring vaccines. “We had put a pause on both our wedding and honeymoon planning until […]

The supreme court of the European Union has been drawn into a German battle over whether Facebook’s broad collection of user data is in breach of competition rules, in a landmark challenge threatening the viability of the technology giant’s business model. The decision will be closely watched on both sides of the Atlantic amid a […]

Asian markets were mixed Thursday, after tech stocks sold off on Wall Street. Japan’s Nikkei 225 NIK, +1.14% gained 0.9% while Hong Kong’s Hang Seng index HSI, +0.14% slipped 0.1%. The Shanghai Composite SHCOMP, -0.10% was flat. South Korea’s Kospi 180721, +0.40% edged 0.2% higher, and Australia’s S&P/ASX 200 XJO, +0.17% inched up 0.1%. Stocks […]

Dear Quentin, I was with my significant other for almost 7 years. While he was separated from his wife, they never divorced. It was due to financial reasons. Because of his difficult relationship with his wife I was made his health-care surrogate. Last September, he underwent cancer surgery, and realized that he hadn’t set anything […]

ViacomCBS Inc. shares tumbled 23% Wednesday, after the media and entertainment giant priced a roughly $ 3 billion offering of equity securities to raise the funds to invest in its new streaming service. Paramount+ launched on March 4 and is now competing with heavy hitters, including Netflix Inc. NFLX, -2.67%, Walt Disney Co.’s DIS, -2.12% […]

Happy Wednesday MarketWatchers. Don’t miss these top stories: My wife has homeschooled our son and our best friends’ son since September due to COVID-19. Is it too late to bring up money? ‘She’s putting in about 15 to 20 hours each week. The two families have shared the costs of the curriculum, school supplies and […]

Bitcoin prices were given another boost on Wednesday after Tesla Chief Executive Elon Musk said the cryptocurrency can now be used to buy Tesla vehicles. “You can now buy a Tesla with bitcoin,” Musk revealed in a tweet, adding that those outside the U.S. will be able to do the same “later this year.”  Bitcoin […]

U.S. Secretary of State Antony Blinken reiterated on Tuesday in Brussels the Biden administration’s hostility to the Nord Stream 2 gas pipeline currently being built between Russia and Germany, pleading that it was “ultimately in contradiction to the EU’s own security goals.” After a meeting with NATO Secretary-General Jens Stoltenberg, Blinken also noted that a […]

DUBLIN, Ireland (Project Syndicate)—Central banks’ unconventional policies undoubtedly rescued financial markets in 2020 when the COVID-19 pandemic was at its height. But those actions now leave central banks joined at the hip with credit markets, and market participants more reliant than ever on their support. From a credit-market perspective, this represents a Catch-22 for both […]

President Joe Biden’s $ 1.9 American Rescue Plan will certainly give the economy a jolt, but he may regret not spending the money differently. Even many Democratic economists estimate the package is larger than needed to boost aggregate demand in line with potential gross domestic product. And it provides aid to many who don’t need it—for example, stimulus […]

After an initial burst higher, investors in Wall Street’s most popular meme stock on Tuesday got slapped with a dose of reality. GameStop GME, -6.55% fell short of analysts’ estimates on profit and earnings per share, but while Wall Street pros were more than prepared for it to whiff, GameStop fanatics on social media appeared […]

Dear Quentin, My husband received a text from his ex-wife demanding part of the latest stimulus check for their two children. My husband received their stimulus checks for their boys because in their divorce settlement he was granted the ability to claim both boys as dependents on his taxes for as long as they can […]

Self-driving company TuSimple Inc. unveiled paperwork for its initial public offering Tuesday showing it has lost more than $ 300 million over the past three years in the race to be the first to launch fully autonomous long-haul trucks. TuSimple had already filed confidentially for an IPO, The Wall Street Journal reported, and the Tuesday filing offered […]

GameStop Corp. stock fell in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its “transformation” and reported lower-than-expected adjusted fourth-quarter earnings and sales. GameStop GME, -6.55% shares initially rose by more than 8% after the report, but sank soon after, […]

U.S. and global oil prices fell by roughly 6% on Tuesday to enter correction territory, as renewed lockdowns in Europe to combat the coronavirus pandemic looked likely to crimp energy demand. “Optimism around a swift global economic recovery has recently been dampened by setbacks in vaccine rollouts in parts of Europe and Southern Asia,” said […]

MARKETWATCH FRONT PAGE The war against ageism will create career opportunities and a better work-life balance. See full story. I’m 60 and lost my job due to COVID-19. My husband makes $ 150K. We saved $ 1.3 million. Do I resign myself to early retirement? ‘We have a good relationship, but I’m afraid of being […]

Stimulus checks are quickly making their way into Americans’ bank accounts and mailboxes. Many Americans will put the money towards essential expenses such as food, rent/mortgage payments and utilities — but some Americans who already have those expenses covered might consider putting some of their stimulus money towards Bitcoin, a new car, vacations or new […]

No less of an expert than the chief economist of the European Central Bank says the raft of new COVID-19 lockdown announcements, including Germany, won’t derail the eurozone economy. “It’s important to emphasize when we made our recent forecasts a couple of weeks ago we did allow for some extension into the second quarter,” said […]