Treasury yields leap after much hotter jobs report than expected

U.S. Treasury yields rose Friday after jobs data came in much better than expected. The 10-year Treasury yield was up more than 12 basis points at 3.526%. The 2-year Treasury was up roughly 20 basis points to 4.299%. Yields and prices move in opposite directions and one basis point equals 0.01%. Nonfarm payrolls increased by … Read more

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Biden’s student loan forgiveness heads to the Supreme Court. How that affects the payment pause

Littlebee80 | Istock | Getty Images It’s been nearly three years since most people with federal student loans have had to make a payment on their education debt. The U.S. Department of Education has repeatedly cited specific dates for when the bills would resume, only to extend the pandemic-era break yet again. Most recently, amid … Read more

View More Biden’s student loan forgiveness heads to the Supreme Court. How that affects the payment pause

U.S. credit card debt jumps 18.5% and hits a record $930.6 billion

For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive … Read more

View More U.S. credit card debt jumps 18.5% and hits a record $930.6 billion

Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money

The Federal Reserve raised the target federal funds rate for the eighth time in a row on Wednesday, in its continued effort to tame persistent inflation. At its latest meeting, the central bank approved a more modest 0.25 percentage point increase after recent signs that inflationary pressures have started to cool. “The easing of inflation pressures … Read more

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BlackRock’s Rieder says investors should hold more bonds, international stocks should outperform

BlackRock’s Rick Rieder said the 60/40 portfolio should be flipped to 40% stocks, 60% bonds this year, and that international stocks should outperform U.S. equities. Rieder, chief investment officer for global fixed income at the world’s largest asset manager, said he finds U.S. stocks less interesting relative to bonds. The traditional 60/40 portfolio — with … Read more

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India may have to walk a tightrope as budget looms, analysts say

India’s finance minister will present the annual budget to parliament on Wednesday. Seen here is a roadside vendor selling rice in Mumbai, India. Bloomberg | Getty Images India’s finance minister will present the annual budget to parliament on Wednesday. It comes as the government faces a tough balancing act to ensure fiscal prudence and growth … Read more

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These stocks have been hit the hardest by Fed rate hikes — now they could rally if there’s a pause

Some stocks have been bigger casualties than others of the Federal Reserve’s campaign to lift interest rates — and what the central bank says at the conclusion of this week’s two-day policy meeting on Wednesday could mean the difference between a rally and a further rout for those companies. The Fed kicked off its meeting … Read more

View More These stocks have been hit the hardest by Fed rate hikes — now they could rally if there’s a pause

The Federal Reserve is likely to hike interest rates again. What that means for you

The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting.  This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared with earlier super-size moves in 2022. Still, any boost in the benchmark rate means borrowers … Read more

View More The Federal Reserve is likely to hike interest rates again. What that means for you

Suze Orman is staying conservative with her investments, shunning tech and buying T-bills

Despite an 11% rally in the tech-heavy Nasdaq Composite so far this year, personal finance expert Suze Orman is more comfortable investing elsewhere. “Starting quite a while ago now, I got totally out of tech,” Orman, the SecureSave founder, recently told CNBC’s ” Fast Money .” Orman’s technology exposure warning applies to both individual investors … Read more

View More Suze Orman is staying conservative with her investments, shunning tech and buying T-bills

What is a ‘rolling recession’ and how does it affect consumers? Economic experts explain

By most measures, the U.S. economy is in solid shape. Although the first half of 2022 started off with negative growth, a strong labor market and resilient consumer helped turn things around and give hope for the year ahead. related investing news Gross domestic product, which tracks the overall health of the economy, rose more … Read more

View More What is a ‘rolling recession’ and how does it affect consumers? Economic experts explain