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Author: Elisabeth Buchwald, USA TODAY

Money

Average credit scores stopped jumping. Is that a sign of a recession?

August 30, 2022August 30, 2022Elisabeth Buchwald, USA TODAYComments Off on Average credit scores stopped jumping. Is that a sign of a recession?

During the pandemic, credit scores hit new highs. But now they’re leveling off as consumers are saddled with more debt and inflation is high

Money

Meme stocks are having another round of meme stock mania. What does that mean?

August 24, 2022August 24, 2022Elisabeth Buchwald, USA TODAYComments Off on Meme stocks are having another round of meme stock mania. What does that mean?

Meme stock frenzy: Shares of Bed Bath and Beyond, GameStop, AMC and APE are experiencing high volatility. Is meme stock mania back in full swing?

Money

Jerome Powell is set to speak in Jackson Hole. Here’s what you need to know.

August 22, 2022August 23, 2022Elisabeth Buchwald, USA TODAYComments Off on Jerome Powell is set to speak in Jackson Hole. Here’s what you need to know.

All eyes are on Fed Chair Jerome Powell’s Jackson Hole conference speech. It’s unlikely that he’ll hint at the size of the Fed’s next rate.

Money

These everyday items saw the biggest price increases from inflation in July, CPI report shows

August 10, 2022August 13, 2022Elisabeth Buchwald, USA TODAYComments Off on These everyday items saw the biggest price increases from inflation in July, CPI report shows

Inflation may have peaked, but consumers are still seeing much higher prices than last year. In July, some of the highest were eggs and coffee.

Money

Are debt consolidation loans a good idea? More Americans are wondering as Fed raises rates

August 9, 2022August 10, 2022Elisabeth Buchwald, USA TODAYComments Off on Are debt consolidation loans a good idea? More Americans are wondering as Fed raises rates

Can you consolidate credit card debt with bad credit? In some cases, yes but you may not get a good enough rate to make it worthwhile

Money

Is this a bear market rally? S&P 500, Nasdaq, Dow had best month of the year

July 29, 2022July 30, 2022Elisabeth Buchwald, USA TODAYComments Off on Is this a bear market rally? S&P 500, Nasdaq, Dow had best month of the year

Is the bear market over? The S&P 500 gained 9% in July. Bank of America says it’s a bear market rally and danger lies ahead for stocks.

Money

I was 12 when I bought my first stock. My portfolio is beating my 401(k)

July 21, 2022July 21, 2022Elisabeth Buchwald, USA TODAYComments Off on I was 12 when I bought my first stock. My portfolio is beating my 401(k)

In this bear market 401(k)’s are looking less cheerful. I’m oddly comforted by the fact that a portfolio I started at 12 is outperforming my 401(k)

Money

Morgan Stanley’s Mike Wilson predicts S&P 500 trough. What does that mean for the economy?

July 18, 2022July 18, 2022Elisabeth Buchwald, USA TODAYComments Off on Morgan Stanley’s Mike Wilson predicts S&P 500 trough. What does that mean for the economy?

Mike Wilson of Morgan Stanley says the S&P trough will be around 3,400 if a recession is avoided. What does a trough mean for the economy and stocks?

Money

Citibank CEO: ‘Little of the data I see tells me the US is on the cusp of a recession’

July 15, 2022Elisabeth Buchwald, USA TODAYComments Off on Citibank CEO: ‘Little of the data I see tells me the US is on the cusp of a recession’

Is the U.S. in a recession right now? It’s hard to tell by looking at Americans’ bank accounts. JPM, Citi and Wells Fargo tout consumer strength on earnings calls

Money

Bank of America lowers S&P 500 target as risk of recession increases with high inflation

July 14, 2022July 14, 2022Elisabeth Buchwald, USA TODAYComments Off on Bank of America lowers S&P 500 target as risk of recession increases with high inflation

JPM stock slid after the bank reported a sharp drop in earnings. The Dow and S&P 500 closed down on fears Fed doing a 100 basis point rate hike

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