Results: 719

Is China Headed For a ‘Lehman Brothers Moment’?

Thirteen years ago this week Lehman Brothers collapsed. While the banking giant’s collapse was not the sole cause of the financial crisis, it was an inflection point that sent shockwaves throughout the entire financial system. Now, economists are having flashbacks watching the potential collapse in China of the massive property developer Evergrande. The implosion of […]

Retail Sales Rebound Despite Delta Variant Surge

Americans increased their spending last month, despite anxieties about the spread of the Delta variant of Covid. Retail sales climbed 0.7% in August, following an unexpected decline in July, according to the Commerce Department. The increase was likely driven by back-to-school shopping, as consumers spent more at big-box retailers and grocery stores. Shoppers also made […]

Meme Stock Investors Set Their Sights on Uranium

Retail investors are looking to turn a radioactive metal into a hot commodity. Prices for spot uranium oxide have climbed more than 60% since the middle of July, and closed last week at the highest level since 2014. Members of Reddit’s WallStreetBets forum, the group at the heart of the meme-stock frenzy earlier this year, […]

Producer Price Inflation Accelerates At Record-Breaking Pace

The prices that producers paid for goods and services surged in August at the fastest annual pace since at least 2010, according to the Labor Department. The producer price index (PPI) rose by 0.7% for the month. This is higher than the 0.6% increase economists at Dow Jones had anticipated, but a decline from July’s […]

Nearly Half of Renters Worry That They Will Never Be Homeowners

Homeownership has always been an important part of the American dream, but for many, it is feeling increasingly unobtainable, according to a recent survey from Lending Tree. The survey found that Americans still overwhelmingly want to own a home, with 88% saying they would rather own than rent. However, among current renters, almost half (48%) […]