China’s central bank said a meeting in Shanghai produced an agreement with the U.S. Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s two biggest economies seeking common ground. The two sides also “exchanged lists of financial stability contacts” during the fifth meeting of the
Recent economic data has eased the recession fears that loomed earlier in August, diminishing the likelihood of large rate cuts by the Federal Reserve and boosting investor confidence in risk assets. The S&P 500 and Nasdaq 100 indices saw their strongest week since late October 2023 as of Friday midday trading, driven by encouraging economic
Lower yields on deposits but better terms on credit cards: Those are two ways consumers might feel some impact from the next Federal Reserve interest-rate cut, which is looking more likely amid recent signs of economic weakness. However, the long-anticipated move might not do much good for your finances, unless it’s followed by a series
In terms of economic growth, Nashville is growing incredibly wealthy. Veritable gallons of ink have been expended touting the fact that our city is one of the nation’s leading metro areas when it comes to a post-pandemic recovery – and it should be. We should be proud of this accomplishment. That said, we can’t allow
What would it take for you to bite the bullet and finally buy a home, or sell your current home for something that better suits your needs? For most people, it wouldn’t be a sudden uptick in housing inventory or a drastic decrease in home prices — though, that would probably help. Instead, according to
The cost of living is hitting Generation Z. Nearly half of Gen Z adults say they get financial help from parents and family, a new survey suggests. Almost half (46%) of Gen Z adults ages 18 to 27 said they relied on financial assistance from their parents or other family members, in the “Parent Trap”
America’s home equity has doubled in seven years. Homes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up from $15.6 trillion in the first quarter of 2017. The figure represents the nation’s collective home equity: How much all the homes are
More affordable homes are coming onto the market. In May, there were 35.2% more homes for sale than a year earlier. Every region in the U.S. saw gains in May. Mortgage rates are high, home prices are lofty and selection is slim. There isn’t much to like about the housing market, except for one small
If you want to retire in comfort, investment firms and news headlines tell us, you may need $1 million in the bank. Or maybe not. One prominent economist says you can retire for a lot less: $50,000 to $100,000 in total savings. He points to the experiences of actual retirees as evidence. “You Don’t Need
Two months ago, Jacksonville ranked in personal finance company WalletHub’s top 10 U.S. cities where residents are the most financially stressed. Just last week, Florida ranked in Forbes Advisor’s top 10 states where it’s most difficult for residents to save money and the Miami metro area ranked in the top five metro areas where it’s