Some experts say a recession is coming. How to prepare your portfolio

Phonlamaiphoto | istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming. The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% … Read more

Rollover IRAs cost consumers $45.5 billion in fees, earnings: study

andres | E+ | Getty Images IRA rollovers are common for job switchers, retirees Investors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is available. That’s nearly 28 times more money than as contributed to traditional IRAs that year. A Pew survey from 2021 found that … Read more

Russia on the brink of historic debt default as payment period expires

Russian Finance Minister Anton Siluanov (seen here with Russian President Vladimir Putin in 2019) reportedly told Russian newspaper Vedomosti that Moscow will continue to service external debts in rubles, but foreign Eurobond holders will need to open ruble and hard currency accounts with Russian banks in order to receive payments. Michael Svetlov | Getty ImagesNews … Read more

Treasury yields in focus as investors assess recession risk

The yield on the benchmark US 10-year Treasury note fell to its lowest level in almost two weeks on Thursday as investors continued to assess the likelihood of a recession. The yield on the 10-year Treasury note was around 4 basis points lower at 3.117%, while the yield on the 30-year Treasury bond fell 3 … Read more

Treasury yields in focus amid economic data

US Treasury yields rose on Tuesday as investors awaited the release of a fresh batch of economic data on the first trading day of the week. The yield on the benchmark 10-year Treasury note was almost 3 basis points higher at 3.269%, while the yield on the 30-year Treasury bond traded 4.5 basis points higher … Read more

U.S. Treasury yields fall after tumultuous week

US Treasury yields pulled back Friday as a volatile week, which saw central banks around the world signaled a more aggressive effort to curtail soaring inflation, drew to a close. At around 5:27 am ET, the yield on the benchmark 10-year Treasury note was 9 basis points lower at 3.214%, while the yield on the … Read more

Kevin O’Leary says he won’t be buying bonds for now

Investors are “going to get hurt” if they’re in long duration bonds right now, says venture capitalist Kevin O’Leary. His comments come hours after the Federal Reserve raised interest rates by 75 basis points — the central bank’s most aggressive hike since 1994. “I wouldn’t be buying bonds here,” O’Leary, who is chairman at O’Leary … Read more

Inflation and Fed sparking one way trip to market misery: Jim Bianco

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have to slow demand,” the Bianco Research president told CNBC “Fast Money” on Tuesday. “We may … Read more

$1 million bond set for 3 men accused of killing student in LeBron James-founded school parking lot

AKRON, Ohio (WOIO/Gray News) – Three men who were arrested for the beating death of a student outside LeBron James’ I Promise School had their bonds set at $1 million each. US Marshals and Akron police officers arrested Deshawn Stafford Jr., 20, Tyler Stafford, 19, and Donovon Jones, 21, on Saturday. All three men pleaded … Read more

2-year Treasury rate hits highest level since 2007

US Treasury yields surged Monday morning, led by short-term rates, as traders reacted to hotter-than-expected inflation data last week and contemplated a possible recession. The 2-year rate jumped more than 10 basis points to 3.1535%, reaching its highest level since 2007. The benchmark 10-year Treasury yield also rose, last trading at about 3.1762%, with the … Read more