The debt question facing Janet Yellen: How much is too much?

What to expect from Janet Yellen’s economic policy Hoover Institution senior fellow in economics John Taylor provides insight into how economic policy, the value of the U.S. dollar, regulations, taxes and U.S.-China relations will look while Janet Yellen is at the Treasury. A big question hangs over Janet Yellen this week at her confirmation hearing […]

Stretched valuations threaten stability: Shaktikanta Das

RBI’s Das warns disconnect between markets and real economy pose risks to the financial system Reserve Bank of India (RBI) Governor Shaktikanta Das has flagged the growing disconnect between exuberant equity markets and real economic activity and warned that the ‘stretched valuations of financial assets’ threaten overall financial stability. “The disconnect between certain segments of […]

NYC’s mass exodus to Florida, Texas driven by economic incentives: Ex-NYSE CEO

New York City exodus ‘heartbreaking’: Former NYSE CEO Former NYSE CEO Dick Grasso says economic incentives have driven the move for many from New York to Florida and Texas amid the coronavirus pandemic. Former New York Stock Exchange Chairman Dick Grasso told "Mornings with Maria" the mass exodus from New York City to Florida and Texas is due to […]

Tesla files petition over speed-display concern raised by auto safety regulators

More On: tesla Feds request Tesla to recall 158,000 cars over display failure concerns Elon Musk causes a stir after tweeting ‘legalize comedy’ Hyundai says it’s in talks with Apple amid electric car buzz Tesla market cap crosses $800 billion for first time Tesla filed a petition with US auto safety regulators saying that 612,000 […]

Wall Street clamps down on political donations following Capitol riot

More On: wall street Big Tech stocks plunge as backlash against Silicon Valley grows Twitter stock tumbles after Trump ban COVID-19 vaccine mess hinders Wall Street and NYC Kamala Harris’ top economic advisor is another BlackRock exec Wall Street’s largest banks are shutting off the spigot of money to DC in the aftermath of last […]

‘Signal’ stock surges 438 percent after Elon Musk tweet confuses traders

More On: elon musk Tesla will soon reportedly design cars that appeal to Chinese tastes SpaceX completes first rocket launch of 2021 with communications satellite Tesla market cap crosses $800 billion for first time Tesla stock tops $800 as automaker’s market cap eclipses Facebook’s It’s a case of mixed signals. Confused traders sent an obscure […]

Micron Technology Q1 Profit Beats Street View

Micron Technology Inc. (MU) Thursday reported a profit for the first quarter that trumped Wall Street estimates, as did revenues. Looking forward, the technology company issued an outlook for the second quarter above current estimates. Boise, Idaho-based Micron’s first-quarter profit rose to $803 million or $0.71 per share from $491 Million or $0.43 per share […]

College Students Wise Up to Better Credit Habits

The coronavirus pandemic has done a number on the U.S. economy, making it more challenging for millions to pay their credit card and other bills on time, let alone put food on the table. But according to a new survey by AIG Retirement Services and EVERFI, college students are actually displaying more responsible credit use […]

US private payrolls post first decline in 8 months as COVID-19 soars

More On: layoffs US workers file 803K jobless claims as COVID-19 pressures labor market Marriott axes more than 800 workers at Times Square hotel Jay Penske’s WWD cuts jobs as DOJ clears his Hollywood Reporter merger Southwest issues layoff warnings to 6,828 employees US private companies shed workers in December for the first time in […]

Today's mortgage refinance rates stay low | January 6, 2021

Check out the mortgage refinancing rates for January 6, 2021, which are unchanged from yesterday. (iStock) Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, current mortgage refinance rates have remained largely unchanged since yesterday. Fixed mortgages for 15-year rates stuck around 2.125%, which extends its record low to 27 straight days. The […]