WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government.…
(Photo by Drew Angerer/Getty Images) Getty Images Key Takeaways White House officials and lawmakers have reached a deal in principle to raise the U.S. debt ceiling and avoid default The deal, which still has to pass in Congress, raises the debt ceiling and introduces spending cuts Coming this close to the brink of a US…
NEW YORK – JANUARY 22: People walk down Wall Street January 22, 2008 in New York City. Following a … [+] sharp fall in international markets Monday, the Federal Reserve lowered its lending rate by three quarters of a percentage point to 3.50% Tuesday. This is the largest interest rate cut since 1984 and the…
WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government.…
Co-founder/CEO of PAX Financial Group, LLC. getty San Antonio’s Six Flags Fiesta has a thrill ride that lifts passengers in the air 150 feet, lets them stay suspended face down for a few seconds and then drops them vertically at 60 miles per hour. This suspension is how many in the U.S. feel about the…
WASHINGTON, DC – MAY 23: Speaker of the House Kevin McCarthy (R-CA) walks through National Statuary … [+] Hall as he returns to his office from the House Chamber at the U.S. Capitol on Tuesday, May 23, 2023 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images) Los Angeles Times via Getty…
Anadolu Agency via Getty Images TL;DR Failure to reach agreement on the U.S. government debt ceiling could mean a default on Treasury bonds – but don’t hold your breath AI regulation is set to become a much more important topic, with OpenAI founder Sam Altman one of many testifying before congress on the topic For…
Exchange traded fund concept. A bull and bear besides the golden text ETF. getty Question: Why are there so many ETFs? Answer: ETF issuance is profitable, so Wall Street keeps cranking out more products to sell. I leverage my firm’s data to identify three red flags you can use to avoid the worst ETFs: 1.…
The probability of a recession starting in March 2024 is now at about 65 percent Chart created by Brad Case, PhD, CFA, CAIA based on internal forecasting New data keeps showing a strong and remarkably resilient U.S. economy: Capacity utilization increased by 0.3 percentage points in April to 79.7 percent, very close to the long-term…
U.S. debt default would cause borrowing costs to jump. getty A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach…