Economy

With Retail Sales Surging in January, Do We Even Need a New Stimulus Package?

After the pandemic’s e-commerce boom helped propel an 8% increase in holiday shopping during the fall months, retailers saw sales stall in December. As part of the unconventional year we had, retailers decided to run their big holiday sales from September through November, resulting in U.S. retail sales falling 0.7%, during a traditionally robust December for

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With Record-Low Interest Rates, At-Risk Companies Are Borrowing Loads of Cash While Savers Get Nothing

Economists and political pundits like to point out that the record-low interest rates we’ve been seeing over the past year make it easy for people and governments to borrow, which helps the economy grow. What they often skim over, however, is the fact that these low rates also help companies that shouldn’t be borrowing anything,

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Will Last Week’s Gamestop Madness Lead to Tighter Regulations?

Well, this was bound to happen. And it looks like the Fed’s bringing all of its muscle. Today, Treasury Secretary Janet Yellen announced she will be meeting with the heads of the Securities and Exchange Commission, the Federal Reserve board, the New York Fed and the Commodities Futures Trading Commission to discuss “whether recent activities are consistent with

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Market Overview