Author: News Room
The office of Vice President Kamala Harris said she’ll take a flight Friday afternoon to Nashville, Tenn., and meet there with state legislators. The trip comes after Tennessee Republicans on Thursday expelled two Democratic lawmakers from the state legislature over their role in a protest that called for more gun control in the aftermath of a deadly school shooting in Nashville. Harris, who initially had no public events on her schedule for Friday, denounced the GOP move in Tennessee in a tweet on Friday, saying it was “undemocratic and dangerous.” Read the full article here
The contest to become the Republican Party’s 2024 presidential nominee is heating up, with Nikki Haley, a former U.S. ambassador to the United Nation, and longshot candidate Vivek Ramaswamy each announcing runs since the beginning of the year, and former Arkansas Gov. Asa Hutchinson joining the fray in a Sunday-show appearance on April 2. Another notable move has been the rollout of a campaign-style book by Florida Gov. Ron DeSantis, in which he argues that his approach to managing his state can provide a model for the rest of the country. And former President Donald Trump appears to be getting…
The numbers: Total consumer credit rose $15.3 billion in February, down from a revised $19.5 billion gain in the prior month, the Federal Reserve said Friday. That translates into a 3.8% annual rate in February, down from a 4.9% gain in the prior month. Economists had been expecting a $20 billion gain in February from the initial January estimate of $14.8 billion , according to the Wall Street Journal forecast. Key details: Revolving credit, like credit cards, rose 5% in February after a revised 12.8% gain in the prior month. That was up from the initial estimate of a 11.1%…
A bombshell report this week alleged that Supreme Court Justice Clarence Thomas has been accepting lavish gifts from Republican megadonor Harlan Crow for decades without disclosing them, such as trips on Crow’s superyacht and private plane.Some Americans are wondering whether Thomas, 74, could lose his spot on the Supreme Court over not disclosing these gifts. Google searches along the lines of “Could Clarence Thomas be impeached?” have spiked on Google in the days since the allegations were first reported. Read more: Watchdog groups call for Justice Clarence Thomas to address reported failure to disclose gifts from real-estate tycoon Here is…
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Let’s pick a round number. How much money do you need to make to afford a $1 million home? And what about a $500,000 home? Both of those figures are obviously higher than the $363,000 median price for a home in the U.S., but an analysis by MarketWatch based on Realtor.com data helps demystify those big, bold house prices. Mortgage…
“ ‘2023 is the year of the Easter potato.’” The soaring price of eggs has left many consumers scrambling over the past year. And it may become a bigger source of frustration for those planning on celebrating Easter with all sorts of egg-related rituals connected to the holiday, such as egg dyeing and Easter egg hunts. But one food-industry group is touting an alternative idea: Swapping in potatoes for those eggs. “2023 is the year of the Easter potato,” said Potatoes USA, a marketing group that represents about 2,000 spud growers, in a press release. While the price of eggs…
One week into Financial Literacy Month, the Personal Finance team at MarketWatch has prepared an abundance of articles covering various aspects of managing money. It begins with this financial literacy quiz. Chances are some of the questions will be easy for you — but you’ll probably learn something, too, and sharing the quiz with family members might spur useful conversations. There’s even a bonus question! Find more articles on the Financial Fitness page. And here’s a lesson about life and business that Apple founder Steve Jobs shared with the iPhone maker’s current CEO, Tim Cook.How to talk about money Relationship…
Terminals at the ports of Los Angeles and Long Beach remained effectively closed Friday after an absence of dockworkers at both key U.S. import hubs, raising concerns of renewed tangles in the nation’s distribution network that could lead to shipping delays and bigger disruptions to the economy. Dockworkers stopped showing up Thursday night following months of contract negotiations between the union representing the longshoreman and the terminals’ operators. The Pacific Maritime Association, the group representing terminal operators at the ports, on Friday accused those workers of taking a “concerted action to withhold labor” at those ports. The union representing those…
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Ask and you shall receive — unless you’re female, apparently. A new survey from the Pew Research Center finds that both men and women often fail to ask for more money than what they are initially offered at a new job. And that’s because 60% of all employed adults said they didn’t ask for higher pay the last time they were negotiating the starting salary.…
Bitcoin and other cryptocurrencies edged higher after the release of the U.S. jobs report for March. With stock markets closed for Good Friday, cryptos could have been a leading indicator of risk sentiment—but those hopes have so far fallen flat with muted moves. The price of Bitcoin has risen less than 1% over the past 24 hours to near $27,970, up from around $27,900 before the release of the labor market data. The largest digital asset was holding below the $28,000 level at which prices have recently hovered—around the highest level since the crypto crash accelerated last June, though below…
