The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
Prices on consumer purchases, excluding food and energy, rose by 0.25% in April, the most since October 2017, a report from the Commerce Department's Bureau of Economic Analysis shows. The Federal Reserve monitors this price index on 'core' consumer purchases when setting benchmark U.S. interest rates.
The Conference Board says its monthly gauge of consumers' faith in future economic prospects rises faster than expected in May, at least partly thanks to a U.S. unemployment rate at a half-century low.
An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.
The Federal Reserve releases minutes from a closed-door two-day meeting that monetary-policy officials held in Washington on April 30 and May 1. The discussion preceded their decision to hold official U.S. interest rates steady in their current range of 2.25% to 2.5%.
Mark Hulbert says the antidote to overconfidence is to periodically step back and assess the health of the economy.
What makes technology more accessible and commonplace for consumers, is not the best dynamic for shareholders betting on these stocks.
A rapid increase over the past decade in the amount of loans taken out by corporations with poor credit ratings could come back to haunt U.S. banks, Comptroller of the Currency Joseph Otting warns.
The five biggest U.S. private-equity firms have raised almost $350 billion of 'dry powder' from pension funds, foreign governments and other institutional investors that must now be spent on everything from corporate acquisitions to business loans and real estate. The problem is, the assets have gotten too expensive.
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