News & Events.

The Dow Jones hits 40,000 for the first time. What to know about this major milestone
The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsement of the health of the U.S. economy. The trigger that drove the market to a...

If My Bank Fails, What Happens to My Money?
...out money -- a cycle that eventually dooms the institution. However, the FDIC pointed out that the bank also failed “to mitigate interest rate risk.” When the Federal Reserve started hiking rates...

Dow crosses 40,000 for the first time
New York CNN  —  The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. The blue-chip index briefly hit 40,000.54 before...

Watch for These Signs of Recession As the Fed Keeps Rates Elevated
A couple of weeks ago, the Fed did as was expected and kept the...

As bad as you may think the economy is now, it’s nowhere near the 1970s
...many Americans have delayed indefinitely with record-high home prices and painfully high mortgage rates. “So no, it’s not the 1970s, but it’s understandable why people are still upset.”

Japan’s economy contracts in first quarter
Tokyo Reuters  —  Japan’s economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to...

April Inflation Numbers Bring Investors Some Expected Good News
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Investors have received some good news after one popular...

What is inflation? What causes it? Here's how it's defined and what the latest report means
The latest inflation readings showed a mixed bag as drops in grocery and used car prices balanced out increases in rent and gasoline. Overall prices increased 3.4% from a year earlier, down from...

Social Security's 2025 COLA estimate inches up but Medicare Part B premium may wipe it out
The latest estimate of Social Security's cost-of-living adjustment for 2025 rose to 3.2% after the government reported that April inflation was in line with economists' forecasts, new calculations...

Core Inflation Hit 3-Year Low In April—But Remains Well Above Historic Target
...of the pain Americans have felt from higher interest rates, as surging mortgage rates work their way through the economy. Get Forbes Breaking News Text Alerts: We’re launching text message alerts...