In a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals. U.S. Rep. Peter DeFazio (D-OR) is spearheading the “Wall Street Tax Act of 2019” bill, with U.S. Rep. Alexandria Ocasio-Cortez (D-NY) as its...
With both countries potentially lifting tariffs, the U.S. and China are reportedly nearing a trade deal. A formal agreement could come around the end of March, although hurdles do remain in such a potential arrangement, The Wall Street Journal reported. Get the Full Story Complete...
Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. declined for the first time in over three years. The moves began the early part of the first quarter by placing the economy on a path of weak growth, Reuters reported....
With the tax cut in the rear window, the growth in the U.S. economy slowed to an annual rate of 2.6 percent during the last three months of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
S&P Dow Jones Indices and Experian Wednesday (Feb. 20) released the S&P/Experian Consumer Credit Default Indices data, representing a comprehensive measure of changes in consumer credit defaults. For January the Indices showed that the composite rate rose 1 basis point from last month to 0.90 percent....
Might the latest data on car loans – to be specific, delinquencies on those car loans – offer flashing warning signs on credit and the consumer in general? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A few months back, Morgan Stanley published a report stating that inflation – which had been dormant for years in the wake of the financial crisis – was stirring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) will publish its advance fourth-quarter gross domestic product (GDP) report at the end of February. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
