In France, the world’s oldest government debt yields €1.20 annually. A potential claimant says it’s not worth the hassle and cost to prove ownership for a bond that is barely enough “to buy a baguette…
The benefits of converting a traditional IRA to a Roth are many. But before doing so, savers should consider scenarios where they could lose the benefit of tax deferral without reaping more valuable tax-free benefits.
The U.S. unemployment rate has fallen to multi-decade lows and there’s little slack in the labor market, yet wage growth has barely begun to pick up pace and inflation has remained subdued. It’s starting to look a little like the 1960s.
State and local governments and companies are expected to issue fewer bonds this year for the first time since 2015, a cautionary sign for the economy as market volatility and rising interest rates start to weigh on appetites for borrowing.
U.S. exporters are growing faster than companies that do most of their business at home, a sign that trade spats and rising costs for things like labor and commodities aren’t yet derailing the corporate profit expansion.