How US employee emergency savings accounts bolstering financial security

President Joe Biden is set to present his first full budget for the fiscal year 2022 today, which would give more insights into his proposed spending in major areas including education, healthcare, foreign aid and immigration policy as well as other ...

Summary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges, airports, and other facilities. Republican senators were confident that the new offer would be ag...

Summary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lower than last year’s figure. Economists say that prices will remain high due to the shortag...

Inflations concerns among investors and experts have taken shape over the past few months. Fears are mounting that a strong post-COVID recovery could spur consumer spending and a resultant price increase in economies, like the US. At a time when i...

Bank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NASDAQ: AMZN) and McDonald's Corporation (NYSE: MCD) had earlier announced to hike the minimum hourly...

Summary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem...

Summary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga...

Summary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth...

With the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...

The global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...