More than half of Americans live paycheck to paycheck amid inflation

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April but up … Read more

Investors should learn from past bear markets

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset … Read more

European markets open to close, data, earnings, G-7, Ukraine

LONDON — European stocks moved higher on Monday, continuing a positive trend seen at the end of last week’s trading. The pan-European Stoxx 600 index added 0.7% in early trade, with basic resources jumping 2.9% to lead gains as all sectors and major bourses entered positive territory. The higher open on Monday comes after the … Read more

Recession, currencies, oil, Russian debt

SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index was up 2.13%, with the Hang Seng Tech index up 3.46%. Alibaba’s shares in the Chinese city rose 4.13% while Meituan was up 4.09%. Mainland Chinese markets also gained. The Shanghai Composite climbed … Read more

How fund manager Dan Katz Fund manager is trading deglobalization

For decades, globalization has been an established part of the global economic system, but fund manager Dan Katz believes its unraveling could reshape the global economy. He tells CNBC how he’s navigating the new economic order. “The story of the last 30 years has really been a story of increasing globalization and efficiency throughout the … Read more

First half ranks among the worst. Here’s what typically happens next

The first half of this year ranks among the worst on record for stocks, with the S&P 500 losing more than a fifth of its value. But the selling could ease a bit in the second half if the history of similar terrible starts is any guide. Mounting fears of a recession caused by the … Read more

How I shaved five years off my mortgage with one simple strategy

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The idea of ​​paying off a home mortgage can seem like a point so far in … Read more

Why Financial Experts Suggest Paying Down Debt Before A Recession

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. While the possibility of a recession has left many Americans feeling uncertain about their finances, most … Read more

As inflation runs high, 58% feel nervous about their savings

kate_sept2004 | E+ | Getty Images As record high inflation persists in the US, Americans are feeling a new side effect — insecurity around their emergency savings, according to a new survey from Bankrate.com. The percentage of people who are uncomfortable with the amount of money they have set aside is now 58%, up from … Read more

U.S. weekly jobless claims grind lower amid tight labor market

People walk past a “We’re Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliéry | AFP | Getty Images The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though some slowing is emerging. Initial claims for state … Read more