Stay informed with the latest finance news and economic updates. Fresh insights on markets, money trends, and financial events that matter to you.
Washington, D.C. — Senate Republicans on Friday turned aside a proposal from Democratic Leader Chuck Schumer that would have reopened federal agencies while extending enhanced Affordable Care Act (ACA) premium tax credits for one year. The federal government entered a partial shutdown on Oct. 1 after lawmakers failed to pass a new spending measure. Since […]
U.S. consumer confidence has fallen close to the lowest level ever recorded, reflecting growing unease as a partial federal government shutdown stretches on and disrupts several essential services. The latest reading from the University of Michigan’s Survey of Consumers, released Friday, shows sentiment hovering just above the all-time trough reached during the 2008 financial crisis. […]
U.S. stocks extended their recent retreat during today’s session, following a weak start in pre-market trading and keeping all major benchmarks in negative territory. The technology-heavy Nasdaq Composite led the decline and is now on pace for an almost 4 percent slide for the week, erasing a portion of November’s earlier gains. Broad selling pressure resurfaced […]
James Dewey Watson, the molecular biologist who helped unveil the double-helix structure of DNA and shared the 1962 Nobel Prize in Physiology or Medicine, has died at the age of 97, according to his former institution, Cold Spring Harbor Laboratory. Watson’s death closes a chapter that began in 1953, when the then-24-year-old American joined British […]
The U.S. airline industry began a new round of disruption on Friday after the Federal Aviation Administration instructed carriers to scale back operations because of staffing shortages among air traffic controllers who have not been paid during the protracted federal government shutdown. By 2 p.m. ET, aviation data provider Cirium recorded approximately 780 canceled domestic […]
WASHINGTON — U.S. airlines have begun canceling hundreds of flights after the Federal Aviation Administration (FAA) reduced air-traffic capacity because of the ongoing federal government shutdown. The cancellations started early Thursday and spread through the morning as airlines adjusted schedules to comply with staffing and operational limits imposed by the agency. A live feed from […]
Washington, D.C. — The Department of Justice has asked the 1st U.S. Circuit Court of Appeals to suspend an order issued Thursday that requires the federal government to pay the full November benefits for the Supplemental Nutrition Assistance Program (SNAP) by the end of the day. In an emergency motion filed early Friday, government attorneys […]
U.S. investors accelerated allocations to domestic equity funds during the week ended November 5, channeling the biggest weekly volume of new money in more than a month, according to data from LSEG Lipper. Net purchases of U.S. equity funds totaled $12.6 billion, the highest level since the week of October 1. The renewed demand coincided with […]
The Trump administration has asked a federal appeals court to suspend a lower‐court directive that compels the government to distribute complete November benefits under the Supplemental Nutrition Assistance Program (SNAP) to approximately 42 million recipients by the end of the week. The emergency request was filed one day after U.S. District Judge Jack McConnell, sitting […]
A recently circulated video captures the moment an unidentified woman intervenes to save a baby shark that had been swept onto an Oregon beach. The brief clip, recorded by a bystander and shared on social media, shows the small shark stranded on wet sand while waves recede. Acting quickly, the woman lifts the marine animal […]
The average interest rate on a home equity line of credit (HELOC) has fallen to 7.64%, according to data from analytics firm Curinos. The figure, based on applicants with credit scores of at least 780 and a combined loan-to-value ratio not exceeding 70%, is 40 basis points lower than it was in January. National lenders […]
Millions of Americans who purchase insurance through the Affordable Care Act (ACA) marketplaces are bracing for substantial premium increases in 2026, after learning that the temporary subsidies expanded during the COVID-19 pandemic are scheduled to lapse on December 31, 2025. Notices sent to policyholders across several states project monthly rate jumps ranging from hundreds to […]