Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt / Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 493 points, or 1.7%, to … Read more
Inflation is stubbornly high and interest rates on savings accounts aren’t anywhere close to keeping pace. While the yield on a two-year Treasury is now 3.28%, up from just 0.17% a year ago, the average savings account is barely in positive territory at just 0.07%, according to personal-finance website Bankrate. For investors hanging onto cash, … Read more
Here Come the Interest-Rate Hikes. They Could Be Even Worse Than You Expected. .
Text size Texans headed to the polls on March 1 to vote in the state’s first primary of the 2022 midterm election season. Montinique Monroe / Getty Images The summer of the stock market’s discontent might have started early, with a negative first quarter that perhaps anticipated the May-to-November stretch that historically is the worst … Read more
Text size Federal Reserve Gov. Lael Brainard said she expects policy to return “to a more neutral position later this year.” Drew Angerer / Getty Images Tech stocks and bond markets both sold off on Tuesday. Blame comments from Federal Reserve Gov. Lael Brainard. In a Tuesday speech, Brainard said “it is of paramount importance … Read more
Text size A Ukrainian guard at a checkpoint on the border with Russia. There could be a financial toll, as well as a heavy human one, if the Kremlin launches an invasion. Vyacheslav Madiyevskyy / Ukrinform / Future Publishing via Getty Images It’s hard to imagine two men more dissimilar than Russian dictator Vladimir Putin … Read more