The Wall Street Journal recently shared the story of a couple who is struggling because the pandemic has upended their jobs and income. To make matters worse, they’re dealing with a massive amount of consumer debt. The article says: “The Denton, Texas, couple pay $ 4,400 a month on their …
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Postmates, which is being bought by Uber, has not turned a profit since its inception. Justin Sullivan/Getty Images On March 17, the day the San Francisco Bay Area became the first major metropolitan area to enact a shelter-in-place policy due to the COVID-19 pandemic, Postmates Inc. engaged a bank to …
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AFP via Getty Images As President Donald Trump looks to fill the Supreme Court seatleft open by the death of Associate Justice Ruth Bader Ginsburg, he and other Republicans want to secure a reliable conservative majority on the nation’s highest court for many years to come. They have tried to do this in …
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Gold futures were headed lower on Friday, with bullion on track to book its fourth decline in five sessions, potentially cementing the asset’s worst weekly slide in about six months. “Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we …
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A grizzly bear swims at pandemic hard-hit Oakland Zoo in California this summer. Getty Images A recent spate of stock drops, exacerbated by signs of a second wave of the coronavirus pandemic, is unsettling to say the least. The market selloff of last spring was brief, but brutal. Our call …
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Jack Ma “has ultimate control over our Company,” Ant Group said in a filing as it plans to go public. AFP via Getty Images Ant Group could be headed for the largest initial public offering in history, as the Chinese financial-technology juggernaut chases a valuation that would rival the biggest …
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David Solomon (Getty Images) Goldman Sachs Chief Executive David Solomon said he spent every day in the office at the height of the coronavirus pandemic. “It wasn’t a decision, like I woke up one day and said, ‘I’m going to be in the office every day during the pandemic,’” Solomon told …
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Dear Moneyist, My wife and I had our first baby in June. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time. This is distressing to me …
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Glyn Kirk/Agence France-Presse/Getty Images Investors worried about recent turbulence in stocks may want to keep an eye on the near $ 1.5 trillion high-yield corporate bond market, to help gauge when a more substantial selloff in Wall Street might begin. Analysts often view ructions in the high-yield, or “junk-bond,” market …
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