Are you on track to become a millionaire? If you’re regularly saving and investing, you may already be well on your way to reaching that milestone by age 67. But if you want to speed up the process, putting away more each month will help you get there sooner. CNBC […]
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Echoes of late 1990s boom has many veteran market participants wondering if another big stock run is ahead
Reminders of the late-1990s are appearing all over Wall Street these days, and not just the return of high-waisted jeans and designer-logo handbags. The economic and financial-market conditions are drawing comparisons to the later years of the ’90s, when good economic times and a technology boom culminated in a powerful […]
Ex-Trump advisor Gary Cohn says trade deficits don’t matter, contradicting the president
Former Trump advisor Gary Cohn could care less about trade deficits. “Look, I have always said a trade deficit doesn’t matter,” the ex-White House chief economic advisor said during a Washington Post interview Thursday. “In many respects, it’s helpful to our economy.” Cohn’s comments illuminate in part why he left […]
In this red-hot housing market, if a ‘for sale’ sign goes up, don’t blink—you might miss it
If a “for sale” sign goes up in your neighborhood, don’t blink, you might miss it. The average home sold in May went under contract in just 34 days, according to real estate brokerage Redfin. May’s number broke the previous month’s record of 36 days. Redfin began tracking this metric […]
Buy Roku shares because it is disrupting television with its streaming platform: Analyst
Roku shares will turn around after a disappointing start this year, according to one Wall Street analyst. Macquarie Research initiated coverage on Roku with an outperform rating, citing the company’s strong position in the growing streaming video market. The company sells streaming video players and licenses its operating system to […]
US import prices jumped in May, boosted by a surge in the cost of petroleum products and food
U.S. import prices increased solidly in May, boosted by a surge in the cost of petroleum products and food, but underlying imported inflation remained benign. The Labor Department said on Thursday import prices increased 0.6 percent last month. Data for April was revised to show import prices rising 0.6 percent […]
US jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 218,000 for the week ended June 9, […]
US retail sales post biggest gain in six months
U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. The Commerce Department said on Thursday retail sales jumped 0.8 […]
China threatens to scrap US trade deals if the White House hikes tariffs on Chinese goods
China’s government renewed its threat Thursday to scrap deals with Washington aimed at defusing a sprawling trade dispute as the White House prepared to release a list of Chinese goods targeted for tariff hikes. U.S. President Donald Trump has threatened to raise tariffs on up to $150 billion of Chinese […]
For news, younger people prefer WhatsApp to Facebook
The use of social media networks such as Facebook to consume news has started to fall in the United States as many young people turn toward messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute found. Usage of Facebook, the world’s largest social network, for news is […]