Jason Furman, a Harvard professor and former presidential economic adviser under Barack Obama, said in a recent interview that current market volatility is inevitable given the Federal Reserve’s interest rate…

This week a raft of retailers, including Costco, Macy’s, Nordstrom and Best Buy, will report earnings, as investors worry about the possibility of further losses after the market reached into…

During the COVID-19 crisis, households built up an extra $38.5 trillion in wealth between early 2020 and end of last year. Their collective net worth rose to a record $142…

Rising fears of a recession drove U.S. stocks into a bear market Friday as the S&P 500′s decline from its all-time high reached 20%. The S&P 500 dropped 2% on…

Three Chinese banks have inexplicably frozen $178 million worth of customer deposits that have been documented, with possibly $1.5 billion total being frozen. The banks are refusing to release any…

The S&P 500 fell again Thursday as it inched closer to a bear market: The broad market index fell 0.58% to 3,900.79, after falling 4% on Wednesday. The index is…

The GIC Weekly just came out. In it:  Morgan Stanley estimates a 27% chance of recession in the next 12 months, up from just 5% in March. Investor anxiety now…

Different retailers are performing differently: Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on…

Tech begins to contract: On Tuesday, streaming giant Netflix (NFLX) confirmed it is laying off 150 workers amid slowing demand. That same day, e-commerce giant Wayfair (W) announced a 90-day…

Target drops precipitously: …Target stock down nearly 24% in recent trading. The retailer also said for the fiscal second quarter it expects its operating income margin rate “will be in…