Jared Polis, a Democrat for lower taxes

Jared Polis, a Democrat for lower taxes

Colorado Governor Jared Polis speaks at a press conference on November 1. Photo: David Zalubowski/Associated Press Denver On Tuesday, Colorado can re-elect its Democratic governor, keep the Legislature blue and cut the state’s income tax for the second time in three years through a citizen-led ballot initiative. At the annual Steamboat Institute Freedom Conference in … Read more

Why the Powerball Jackpot Jumped to a Record $1.9 Billion

Why the Powerball Jackpot Jumped to a Record $1.9 Billion

A lucky ticket in Monday night’s Powerball drawing could win a $1.9 billion jackpot, the largest lottery prize in American history. If no one picked the right numbers, the game would set another record: 40 consecutive draws without a winner. Big jackpots have become more common and harder to win in recent years. The Multi-State … Read more

The Fed’s hard line on interest rates fuels the bond route

The Fed’s hard line on interest rates fuels the bond route

The Federal Reserve’s signals of more rate hikes ahead rattled financial markets again on Thursday, sending stocks lower and driving bond yields back near multi-year highs. Thursday’s decline extended losses that began after Fed Chairman Jerome Powell warned Wednesday afternoon that high inflation meant it was still too early to think about a pause in … Read more

The Bank of England raises the main interest rate by 0.75 points

The Bank of England raises the main interest rate by 0.75 points

LONDON – The Bank of England raised its key interest rate by 0.75 percentage points on Thursday, the biggest increase since 1989, as it battles a surge in inflation from rising energy prices, even as the British economy slips into an expected recession. The central bank raised its benchmark lending rate for the eighth straight … Read more

Stocks open lower, dollar gains after Fed signals higher rates

Stocks open lower, dollar gains after Fed signals higher rates

Stocks fell, bond yields rose and the dollar rose, pointing to another volatile trading day after the Federal Reserve’s message that it will keep raising interest rates sent major indexes lower. The S&P 500 fell 1%, the Dow Jones Industrial Average fell 0.8% and the tech-heavy Nasdaq Composite fell 1.2% on Thursday. On Wednesday, the … Read more

Stocks fall, dollar rises after Fed signals higher rates

Stocks fall, dollar rises after Fed signals higher rates

Stocks fell, bond yields rose and the dollar rose, pointing to another volatile trading day after the Federal Reserve’s message that it will keep raising interest rates sent major indexes lower. The S&P 500 fell 0.9%, the Dow Jones Industrial Average fell 0.7% and the tech-heavy Nasdaq Composite fell 1.1% on Thursday. On Wednesday, the … Read more

The Fed’s hard line on interest rates fuels the bond route

The Fed’s hard line on interest rates fuels the bond route

The Federal Reserve’s signals of more rate hikes ahead rattled financial markets again on Thursday, sending stocks lower and driving bond yields back near multi-year highs. The drop extended losses that began after Fed Chairman Jerome Powell warned on Wednesday afternoon that high inflation meant it was still too early to think about a pause … Read more

A decade of rising house prices is over. The UK economy will feel the pain

A decade of rising house prices is over.  The UK economy will feel the pain

London CNN Business — For years, home ownership in the UK has been a one-way venture. Prices have risen steadily since the global financial crisis, increasing in even greater increments after the pandemic began. Fueled by a post-lockdown buying frenzy, the average UK house price hit a record £275,000 ($315,474) in December, up £27,000 on … Read more

10-year Treasury yields edge higher after Fed’s Powell says rates will go higher than expected

10-year Treasury yields edge higher after Fed’s Powell says rates will go higher than expected

Treasury yields swung wildly on Wednesday as traders tried to decipher the Federal Reserve’s message about its tightening after the central bank approved another big rate hike. The dividend on 10-year treasury last traded approx. 3 basis points higher at 4.086% after falling below 4% earlier. The politically sensitive 2-year treasury Last traded yield 7 … Read more

The Fed says it may raise rates at a slower pace, but the target is now 5% or higher

The Fed says it may raise rates at a slower pace, but the target is now 5% or higher

The Federal Reserve approved the fourth straight jumbo hike in a key US interest rate on Wednesday, signaling rates are likely to be higher than previously expected. The news of a higher terminal rate overshadowed more dovish comments from the central bank statement that it could move more slowly to better evaluate the effects on … Read more