Baby boomers are becoming wealthier, while younger generations lag behind, Fed report finds
The baby boomer generation owns 72% of America's wealth, Q3 data shows, mostly thanks to strong stock investment rewards and rising valuation in home ownership.
Existing home sales rebound from 13-year low amid cooling mortgage rates
The sale of previously owned homes rose in November for the first time in five months as falling mortgage rates helped to attract potential homebuyers.
Housing starts unexpectedly surge in November as mortgage rates fall
Housing starts surged in November to the highest level in six months as high mortgage rate began to fall, luring would-be homebuyers back into the market.
Billionaire reveals the biggest mistake investors make
Carlyle Group co-chairman and co-founder David Rubenstein discusses investors' 'biggest mistakes' and predicts the Federal Reserve's interest rate cut
Dow closes above 37,000 for first time ever as Powell hints at rate cuts
The Dow Jones Industrial Average roared to a new all-time high, surpassing 37,000 after Federal Reserve Chairman Jerome Powell said policymakers have nearly licked inflation.
Top Fed official calls talks of March interest rate cut 'premature'
New York Federal Reserve President John Williams said Friday that the U.S. central bank is not "really talking about" cutting interest rates right now.
Fed could cut interest rates 'earlier and faster' than expected, Goldman says
Goldman Sachs raised its expectation for when the Federal Reserve will begin trimming interest rates after Chair Jerome Powell's dovish pivot on Wednesday.
Real estate investor warns US is entering the 'greatest' correction of his lifetime
Despite a great "correction" on the horizon for the real estate industry, private equity fund manager Grant Cardone criticizes Federal Reserve Chairman Jerome Powell for killing the housing market.
Fed leaves interest rates unchanged again, signals three cuts coming next year
The Federal Reserve on Wednesday paused its interest-rate hike campaign for the third straight time amid growing evidence that high inflation is subsiding.
Inflation rises 0.1% in November, slightly more than expected
The Labor Department released the closely watched November consumer price index report on Tuesday, revealing just how hot inflation was running last month.
Fed expected to pave way for rate cuts next year as inflation fight comes to an end
The Federal Reserve's nearly two-year interest rate hike campaign may be finally coming to an end as inflation continues to show signs of slowing down.
November inflation report likely to show prices cooled last month
The Labor Department on Tuesday will release the November consumer price index data, which is expected to show that inflation continued to ease last month.
Americans' inflation expectations fall to lowest level in 2 years, NY Fed survey shows
A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
Bitcoin’s bounce ‘still early innings’
Bitcoin has been climbing and the tailwinds behind the largest cryptocurrency by market value may continue to drive prices higher into 2024. Coinbase is also sending off a bullish signal.
November jobs breakdown: Which industries hired the most workers last month?
Job growth was faster than expected in November thanks to hiring in health care and the government, and the conclusion of the UAW and SAG-AFTRA strikes.
US economy adds 199,000 jobs in November, unemployment rate unexpectedly falls
The November jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.
US households lost $1.3T during stock market rut this fall
U.S. households saw their net worth fall by more than $1 trillion in the third quarter due to deep equity losses amid volatility within the stock market.
Christmas bonuses could be a casualty of inflation, survey finds
Persistent inflation continues to plague small business owners around the U.S. and its causing 42% of them to evaluate whether they can afford their Christmas bonuses.
November jobs report may show cracks emerging in the labor market
The November jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Private sector job growth cools more than expected in November: ADP
Hiring by private U.S. companies eased more than forecast in November, a sign that the labor market may be softening in the face of higher interest rates.

















