WASHINGTON | BY LUCIA MUTIKANI Jan 8, 2016 U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop. Nonfarm payrolls increased by 292,000 last month, the Labor Department said on Friday. The unemployment rate held steady […]
America’s biggest banks are backing online lenders. Wall Street institutions like Citigroup, JPMorgan, and Barclays are partnering with startups that, in many cases, set out to disrupt the banks they are now collaborating with. The student-loan-refinancing specialist CommonBond on Tuesday announced the closing of a $275 million warehouse line of funding from Macquarie Capital, Barclays, […]
Four challenges facing emerging market investors Exposure to emerging markets for the average retail investor often comes from exchange-traded or mutual funds that invest in a collection of countries. But the performance of broad market funds in 2016 suggests it is time to rethink that approach. Overall, emerging markets disappointed again this year. The MSCI […]
Sam Ro Dec 30, 2015 There has been an awful lot of talk about monetary policy in 2015. An awful lot. Week after week and month after month, there has been continuous and rigorous debate over whether the Federal Reserve should begin tightening monetary policy with interest-rate hikes. One day a regional Fed president would say […]
Home prices are still rising in the US. According to the S&P/Case-Shiller home price index, averaged prices climbed by 0.84% month-over-month in October. This was a bit stronger than the 0.60% pace expected by economists. On a year-over-year basis, prices were up 5.54%, which compares to expectations for a 5.60% gain. “As of October 2015, […]
Wed, Dec 23, 2015, 10:47AM EST – US Markets close in 5 hrs and 13 mins Melanie Lockert doubled her income and paid off $68,000 of student loan debt . Four years ago, Melanie Lockert grudgingly relocated from New York City to Portland, Ore., a hail mary move she hoped would lead to better job […]
By Tracy Alloway “Those aren’t mountains… they’re waves,” says Matthew McConaughey’s character in the movie Interstellar, after the team of space explorers’ search for a new Earth-like world lands on an oceanic planet that is not quite as it seems. What at first appears to be a tranquil water planet, is rocked by a nightmarish tsunami before returning […]
Emily GlazerDecember 16, 2015 5:30 AM Banks are betting that pain in the oil patch is short-lived. Even after a steady drop in energy prices through the second half of the year, banks in the U.S. are being lenient with cash-strapped companies rather than set tougher lending constraints that could make survival more difficult. The strategy is […]
December 15, 2015 We are approaching the most anticipated and crucial week of the past seven years, and the global markets have been selling off. Last week, saw crude oil, junk bonds and the stock market competing with one another, while on their way down. Is there a connection between the three, or is it […]
By Eric Rosenbaum When Kinder Morgan (NYSE: KMI) made the decision to cut its dividend by 75 percent this week , it represented more than just a pain for investors in the pipeline company, and more than just another sign that the oil collapse continues to cause more casualties. Kinder Morgan was the poster child […]