It appears more investors are eyeing dividend stocks ahead of the Federal Reserve's interest rate decision in September.Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates."Investors are moving back toward dividends out of money markets, out of fixed income, but...
Category: Finance
U.S., China sign agreement to cooperate on financial stability
A bank employee count Chinaโs renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersBEIJING โ The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday.The...
Here’s the deflation breakdown for July 2024 โ in one chart
Fotostorm | E+ | Getty ImagesInflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.While many areas of the U.S. economy are disinflating โ meaning their prices are still rising, though at a slower rate โ some have been outright...
Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla
The New York Stock Exchange welcomes Zeekr Intelligent Technology Holding Limited in celebration of its initial public offering on May 10, 2024.BEIJING โ Chinese electric car brand Zeekr announced new batteries on Tuesday, which it says boast the fastest charge in the world.The offering aims to address consumers' long-standing worries...
The unemployment insurance program is unprepared for a recession, experts say
Job seekers attends the JobNewsUSA.com South Florida Job Fair on June 26, 2024 in Sunrise, Florida.Joe Raedle | Getty ImagesRenewed fears of a U.S. recession have put a spotlight on unemployment.However, the system that workers rely on to collect unemployment benefits is at risk of buckling โ as it did...