This flight attendant has enough money saved to retire at 44, but she wants to keep working

Bianca, a flight attendant living in Denver, has flown relatively quickly into financial independence, but she’s not ready to give up her job — and she thinks many people misunderstand that about the FIRE movement. She’s always been frugal, but it wasn’t until about five years ago that she got on a path to achieve FIRE, short for “financial independence, […]

Read more

An economy gone ‘mad?’ The Fed is going to cut interest rates despite record stock prices, low unemployment

It’s a mad, mad, mad, mad world. Or so one might believe looking at the U.S. economic picture. Consider: Stocks are hitting record highs and layoffs and unemployment are at 50-year lows. Yet the Federal Reserve is prepared to cut interest rates soon because it’s worried about the economy. Such it is in the era of Trump. The president, who’s […]

Read more

Yield gap between risky corporate debt and investment grade sinks to 12-year low

The hunt for yield is making parts of the U.S. corporate bond market look a lot like 2007. The highest-yielding corporate debt, also referred to sometimes as “junk”— due to the borrower’s greater chance of default — typically rewards investors comparatively more than higher-rated, investment-grade bonds. However, investors are finding that the reward for owning junk compared against comparable investment-grade […]

Read more

Venezuela’s president orders banks to open crypto desks

The South American leader issued a state order yesterday instructing the Banco de Venezuela to accommodate the Petro at all 790 of its branches. Bizarrely, the 56-year-old socialist chose to make the order on Twitter before communicating with the troubled bank. The former bus driver and trade unionist tweeted: “I am giving the explicit order to open Petro transaction desks […]

Read more

Stocks slightly higher as investors weigh contrary China trade reports; Boeing weigh on Dow

U.S. stocks edged mostly higher Thursday morning, as investors parsed conflicting reports on U.S. China trade relations, while the Dow fell amid reports of a new flaw with Boeing Co.’s troubled 737 MAX jet fleet. The Dow Jones Industrial Average DJIA, -0.07% lost 18 points, or 0.1%, to 26,521, dragged lower by Boeing Co.’s BA, -2.40% shares, which fell 2.8% early […]

Read more

Post-Fed surge in inflation expectations spells pain for global bond bulls, says analyst

Last week’s moves by the Federal Reserve and the European Central Bank to set the path for easier monetary policy going forward helped bolster expectations for increased inflation despite global economic growth headwinds. With bond-market bulls looking to benefit from the economic pessimism implied by calls for looser central-bank policy along with a protracted trade war, some say investors who […]

Read more

Ethiopia’s prime minister says military chief killed, regional coup failed

Ethiopia’s military chief was shot to death by his bodyguard amid a failed coup attempt against a regional government north of the capital, Addis Ababa, the prime minister said Sunday. The abortive coup Saturday in the Amhara region was led by a high-ranking military officer and others in the armed forces, said Prime Minister Abiy Ahmed, who addressed the nation […]

Read more

PayPal COO exit is ‘manageable’ though not ideal, analyst says

Is PayPal Holdings Inc. ready to lose a key executive? The payments company announced late Thursday the “planned” departure of Chief Operating Officer Bill Ready, who will step down from the role in mid-July to “pursue entrepreneurial interests” but remain at PayPal PYPL, -1.65% through the end of the year to ease the transition. Analysts found Ready’s decision to leave PayPal […]

Read more
1 2 3 36