Asian markets mixed as Fed cuts rates, BOJ stays unchanged

Asian markets were mixed in early trading Thursday, as the Bank of Japan kept its ultra-easy monetary policy unchanged following the U.S. Federal Reserve’s interest-rate cut. The BOJ’s move — or lack thereof — was expected, though the central bank hinted that could cut interest rates even deeper into negative territory at its October meeting. On Wednesday, the Fed lowered […]

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Dow ends sightly higher as bank stocks take an unusual bounce higher after Fed cuts interest rates

U.S. stock indexes on Wednesday finished mostly higher–even if only slightly so–after the Federal Reserve cut benchmark rates, as expected. The Dow Jones Industrial Average DJIA, +0.13% closed up 36 points, or 0.1%, to 27,147, but had been down by as many as 211.65 points at session lows. Meanwhile, the S&P 500 index SPX, +0.03% added about a point, or […]

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Short-term Treasury yields pare decline after Fed divided on need for further rate cuts

U.S. Treasury yields came off their intraday lows on Wednesday after the Federal Reserve cut interest rates but it’s policy statement highlighted the divisions within its policy making committee on the need for additional rate cuts after September. The U.S. central bank, as expected, cut its fed funds rate target by a quarter percentage point to a range between 1.75% […]

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Trump wants even lower interest rates: What that would mean for your retirement savings

President Trump’s suggestion to cut interest rates to zero or below could have some unpleasant effects for people who are close to, or in, retirement. Negative interest rates have a harrowing impact on cash. Banks already offer a relatively low interest rate to consumers in exchange for stashing their money in a savings account, and the interest they incur on […]

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Dow and broader market stage early morning jump on Sino-American trade reports

U.S. stocks jumped early Thursday, driving the three main benchmarks to session highs amid hope of a near-term resolution between Beijing and Washington. The Dow Jones Industrial Average DJIA, +0.43% gained 116 points, or 0.4%, to 27,256, the S&P 500 index SPX, +0.48% advanced 0.5% at 3,016, while the Nasdaq Composite Index COMP, +0.71% traded 0.8% higher at 8,232. Gains […]

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Consumer borrowing expands in July at fastest rate in nearly two years

The numbers: Consumer borrowing picked up in July at the fastest rate in almost two years, according to Federal Reserve data released Monday. Total consumer credit increased $23.3 billion. That’s an annual growth rate of 6.8%, up from a 4.1% rate in the prior month. That’s the fastest pace since November 2017. Economists had been expecting a $16 billion gain, […]

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How financial therapists are helping investors manage stressful money problems

Don’t miss these top money and investing features: Stories hitting home with MarketWatch readers this past week include a feature from our Best New Ideas in Money series looking at why many people are turning to psychotherapists with financial expertise for help with personal finance and money issues. Plus, why the U.S. stock market’s poor track record in September is […]

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3 dividend stock picks with yields as high as 12% from a manager who doesn’t focus on dividends

(This is the fourth in a series about dividend stocks in today’s low interest-rate environment based on interviews with professional investors. Links to the other articles are below.) In the middle of a series of articles about dividend-stock strategies, it’s good to include a contrary opinion of a money manager who questions the notion of focusing on dividends. Fabio Paolini, […]

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