The July jobs report was likely viewed with some relief at the Federal Reserve in the sense that officials don’t have to rush forward with more monetary stimulus measures, economists said Friday. The U.S. economy regained 1.76 million jobs last month and the official unemployment rate fell for the third month in a row to […]
Dear Moneyist, I feel I was unfairly denied the stimulus payment. In 2019, I made a total of $51,331. My filing status was “single, no children.” I was denied the stimulus payment on 4/10/20 because the IRS based my income on my 2018 taxes. I was permanently laid off from my job as a direct […]
WASHINGTON — Speaking to members of Congress on Thursday, former federal Education Secretary Arne Duncan put the matter bluntly. “We have chosen to open bars,” Duncan said, “rather than to be able to start school on time.” It was a bracing reminder of the priorities that elected leaders at all levels of government have chosen […]
A golden cross formed in the Dow Jones Industrial Average DJIA, +0.68%, more than five months after a bearish chart pattern materialized in the aftermath of the carnage wrought by the COVID-19 pandemic. A golden cross occurs when the 50-day moving average for an asset price trades above the 200-day MA, while a so-called death […]
Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Americans’ household debt fell for the first time since 2014 — but that doesn’t mean people are paying off their loans The pandemic-fueled economic downturn hasn’t led to Americans going into default on their debts yet. People are going blind and dying from drinking hand […]
Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it would acquire mortgage-software firm Ellie Mae, a landmark bet by the exchange giant on the digitization of the U.S. mortgage industry. The deal with private-equity firm Thoma Bravo values Ellie Mae at $11 billion, including debt.
WASHINGTON — Chinese companies with shares traded on U.S. stock exchanges would be forced to give up their listings unless they comply with American accounting requirements under a plan recommended Thursday by the Trump administration. The proposal addresses a long-simmering dispute over U.S. regulators’ inability to inspect the accounting quality of Chinese companies that sell […]
Total household debt fell on a quarterly basis for the first time since 2014, as Americans tightened their belts amid the coronavirus pandemic. The Federal Reserve Bank of New York reported that total household debt fell by $34 billion, or 0.2%, in the second quarter. It was the largest decrease on record since the second […]
The Louisiana’s Supreme Court has denied a request to review the case of a Black man who received a life sentence following an attempted burglary conviction, a punishment one dissenting judge called “cruel and unusual” given the object he allegedly stole was a set of hedge clippers. Bernette J. Johnson, the state’s first African-American Chief Justice, wrote a scathing […]