Economic News

Geopolitical Problems Scare Wall Street Investors

While some of President Trump's fiscal policies like the Republican-backed tax cuts have goosed the markets in recent month, the consistent threat of tariffs coupled with geopolitical relationship troubles continue to bring volatility to stocks.

Very Few Think the Globally Economy Will Be Stronger in a Year 1

According to the latest Bank of America-Merrill Lynch survey of fund managers, a mere 1% suggest the global economy will be better off in a year. Not only does that response mark the lowest optimism since February of 2016 but is also a stark contrast to last year when 40%...

Sanders Set to Introduce Senate Bill Aimed at Gig Economy Employers

Senator and former Presidential hopefully Bernie Sanders is set to introduce a new bill that, among other things, would extend certain labor protections to independent contractors. This would include the ability for workers to prove they should actually be classified as employees and allow them to unionize.

Sprint and T-Mobile Announce Merger Plans

After months of rumors and failed attempts, Sprint and T-Mobile announced on Sunday that the two companies had arrived at a merger deal. By combining the nation's third and fourth largest mobile carriers, the New T-Mobile would become the second largest carrior behind only Verizon.

10-Year Treasury Yield Reaches Milestone 3%

The cost of borrowing is going up. For the first time since 2014, the 10-year Treasury yield has hit 3%. This development could bring even more volatility to the market and the economy overall.

Morgan Stanley Warns Bull Market is Coming to a Close

Analysts at Morgan Stanley are taking a glum look at the current market, releasing a report prognosticating that the end of a long bull market is near. The report even goes as far as to call the current market "happy hour in America."

Updated Credit Reporting Policy Could Raise Some Credit Scores

Starting today, the three major credit reporting bureaus (Equifax, Experian, and TransUnion) are instituting a change that could lead to credit score improvements for some Americans. Just in time for tax day, this update will exclude all tax liens from credit reports. As USA Today reports, those affected by this...

How Would You Invest $10,000?

The LendEDU survey asked 1,000 American adults what they would do if they were given $10,000 tax-free and provided them a list of options to choose from. LendEDU also broke down the various options by generation, comparing the responses of Millennials (18-34), Gen Xers (35-54), and Baby Boomers (55+).