The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
Here are three of the week’s top pieces of financial insight, gathered from around the web: A terrible gold deal for retirees Gold IRAs are no safe haven, said Jeremy B. Merrill and Hanna Kozlowska in The Washington Post. Gold IRA investment companies like Lear Capital and Hartford Gold Group typically promote their products as…
America just saw its credit rating drop. The Associated Press reported that Fitch Ratings downgraded the U.S. debt rating from AAA to AA. That was “a move that spurred debate in Washington about spending and tax policies.” Fitch said the government’s rising debt burden and the country’s increasingly ugly political fights — including factors like…
Here are three of the week’s top pieces of financial insight, gathered from around the web: New homes get more affordable New homes are no longer selling at a premium, said Matt Phillips in Axios. “The median price for an existing single-family home stood at $416,000 in June,” according to FactSet. That’s almost exactly the…
Here are three of the week’s top pieces of financial insight, gathered from around the web: Older investors take a pass on bonds More older Americans are investing “like 30-year-olds,” said Anne Tergesen in The Wall Street Journal. According to Vanguard, “nearly half of 401(k) investors” who are over the age of 55 and are…
For ACA, a cautionary tale about rushing law changes through legislative short cut This is a cautionary tale about the dangers of rushing a major change in health and tax laws through a legislative short cut – one that may prove timely in the current debate over the ACA. | View caption Hide caption I…
We’ve heard a lot about inflation in recent years, but we might not be as familiar with two terms that describe phenomena that could be partly driving it: greedflation and wageflation. “When inflation took off in 2021 in the U.S., so did corporate profits,” said The Wall Street Journal. This raised some eyebrows. But just as profit…
America just saw its credit rating drop. The Associated Press reported that Fitch Ratings downgraded the U.S. debt rating from AAA to AA. That was “a move that spurred debate in Washington about spending and tax policies.” Fitch said the government’s rising debt burden and the country’s increasingly ugly political fights — including factors like…
For many Americans enduring higher prices, easing inflation was on the wishlist for 2023 — and as of July, it’s looking like that dream just might come true. Inflation dropped to 3% in June, reaching its lowest level since May 2021 and marking the 12th month in a row that inflation has eased, based on the…
Here are the nuts and bolts of the GOP health plan In addition to major revisions to Medicaid and other parts of the health care system, the new American Health Care Act proposes a number of changes to tax law. Here’s what they are. | View caption Hide caption On Monday, House Republicans introduced legislation to repeal…