Moneywise and Yahoo Finance LLC may receive commission or revenue from the links below. America’s debt crisis is not an immediate problem, but it could become one if nothing changes. That is a quote from Federal Reserve Chair Jerome Powell given in a recent interview with Harvard economics students (1). Powell said: “The debt situation … Read more
After several strong years in the market, the pendulum has started to swing in the other direction. Fear is starting to creep in amid the ongoing war in Iran and concerns about the US economy. Times like these are when a long-term investment strategy shines the most. Reliable, proven consumer-facing stocks can help stabilize a … Read more
If April Fools have a patron saint in politics, it might be the candidate who promises lower spending and less war, then delivers the opposite of both. Just a few months into his second term, the gulf between Donald Trump on the campaign trail and Donald Trump in office has become hard to ignore. These … Read more
The Aloha State burns imported oil to generate most of its electricity. As prices continue to rise, electricity bills are expected to increase by 20% to 30% in the coming months. Islanders are already suffering at the pump as the US and Israel continue their war with Iran, but when it comes to their electricity … Read more
Social Security is over. Loading audio description… With the federal fund on the verge of bankruptcy, a labor crisis exacerbated by DOGE spending cuts, and massive worker burnout, the US’s largest social security program is in dire straits. The 74 million Americans who rely on monthly paychecks are caught in the middle — and wondering … Read more
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Economic shocks from war to Middle East it will last for months, Prime Minister Anthony Albanese he announced in the unusual language of the pre-public period, suggesting Australians should try to save fat where possible. In a short speech broadcast online tonight, he outlined the steps the government has taken to address the growing problem. … Read more
TOKYO – In Asia, no national leader has been better at managing a dysfunctional economy than India’s Narendra Modi. Whenever the numbers are disappointing, the prime minister delivers the latest version of his party’s ad campaigns. Recently, this has been the Goldilocks era of growth. Yet Modi faces an economic symptom he cannot explain: a … Read more
Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% by … Read more
This week, the market is focused on the US labor market data, especially against the backdrop of growing concerns about the recession. Employment has become an important window for evaluating macroeconomic trends. The upcoming ADP employment data, scheduled for release on Wednesday, is expected to show that the US private sector added about 40,000 new … Read more