Consumers stashed money away during the pandemic, but declining spending power is testing their confidence.

In the last several months you may have seen news headlines announcing that the Social Security program will be insolvent by 2033. This could be alarming if you’re planning to retire, but it doesn’t necessarily have to be. While news of Social Security’s potential lack

Bloomberg Insider-Trading Scourge Wooed to Be Crypto Ally in U.S. Senate (Bloomberg) -- Facing a crackdown from regulators in Washington, the crypto industry is turning to New York Senator Kirsten Gillibrand for help. Most Read from BloombergElon Musk’s Fixer Is Quietly Tending the World’s Biggest FortuneRussia Can’t

While the May 5 stock market crash shook a lot of investors, it really just continued a trend. A number of stocks that had delivered tremendous returns during the pandemic have seen their prices fall dramatically over the past year. That's not a one-day phenomenon.

Saudi Arabia's King Salman bin Abdulaziz Al Saud. Bandar Algaloud | Courtesy of Saudi Royal Court | Reuters Saudi Arabia's King Salman bin Abdulaziz was admitted to hospital on Saturday in the Red Sea city of Jeddah to undergo medical tests, the state-run Saudi Press Agency reported

John Lee, a Beijing loyalist, has been picked to be the city's next chief executive. Bloomberg | Getty Images John Lee, a Beijing loyalist, has been elected as Hong Kong's next Chief Executive. Lee, the only candidate for Hong Kong's top post, won more than 1,416 votes in

Inflation is rising, the stock market is volatile and now the Federal Reserve has raised interest rates – but investors, as always, should steer clear of any major changes, financial advisers said.  The Federal Reserve announced a half-point hike in the federal funds rate on Wednesday,

In this article F RIVN Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company's plant in Normal, Ill. Michael Wayland / CNBC Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric

U.S. President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room at the White House in Washington, U.S., May 4, 2022. Evelyn Hockstein | Reuters Fewer small business owners now than a year ago approve of the job Joe Biden

"'Taking the optionality of 75 basis points off the table was an unforced error the Fed didn't have to do. The Bank of England making a similar mistake the next day caused the market to become a