The ECB delivers an expected half-point rate hike and said it intends to raise by another half point in March. That didn’t stop a steep drop in bond yields.
Key Words: Cash is no longer trash, says Dalio, who calls it more attractive than stocks and bonds
Bridgewater founder Ray Dalio no longer thinks “cash is trash.” In fact, just the opposite.
Brett Arends’s ROI: Alzheimer’s update: Here’s the latest, most hopeful news
Let’s take a moment and celebrate some small, incremental breakthroughs.
The New York Post: McConnell ousts Senate Republicans Rick Scott and Mike Lee from Commerce Committee. Both opposed McConnell’s continued leadership.
‘This is what happens when you challenge leadership,’ says Scott of Florida.
Economic Report: U.S. likely added 187,000 jobs in January, but watch out for this wild card
The creation of new U.S. jobs likely slowed in January for the sixth month in a row, but a historically tight labor market has shown lots of resilience
Coronavirus Update: WHO counted nearly 20 million new COVID cases in latest month as it shifts from weekly reporting schedule
The World Health Organization said nearly 20 million new COVID cases were recorded in the 28 days through Jan. 29, down 78% from the previous 28 days.
Washington Watch: State of the Union: 5 key challenges for Biden as he delivers his speech
Here are five big issues that President Joe Biden is facing ahead of his primetime State of the Union address before a joint session of Congress.
The Wall Street Journal: Democrats make longshot push for paid leave, as Biden marks 30th anniversary of Family and Medical Leave Act
Democrats are renewing their push for a national paid time off policy for medical reasons and caregiving, despite long odds of passing such legislation in the newly divided Congress.
: Health-insurance stocks drop after Medicare Advantage proposes lower rates for 2024
Humana’s stock was down 3.3% in trading on Thursday, while shares of UnitedHealth Group, Elevance Health and Cigna Corp. also fell.
: The groundhog saw its shadow. Historically, that is bad news for stocks.
Punxsutawney Phil reportedly saw his shadow, meaning six more weeks of winter, according to folklore.