HARARE (Reuters) – Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer inflation. The measures include a directive that all government departments collect fees in the local currency,…

FRANKFURT (Reuters) – European Central Bank President Christine Lagarde on Monday acknowledged “signs of moderation” in core inflation in the euro zone but reaffirmed it was too early to call a peak in that key gauge of price growth. Lagarde’s comments were likely to cement market expectations for more interest…

Rising interest rates and a trio of regional bank failures have turbocharged the movement of cash into higher yielding alternatives–particularly money market mutual funds. Here’s how to bump up your own yield. The movement of funds out of traditional bank accounts started slowly at first in the spring of 2022,…

Innovative firms serving the back office needs of Wall Street and other large enterprises continue to prosper, with promising new startups in a crucial niche–fraud prevention–sprouting. W ith stock and bond markets gradually recovering from 2022’s brutal losses, most of the leading fintechs serving institutional investors and capital markets firms…

This week is options expiration week which has a mildly bullish flavor in the month of June. The following week is decidedly bearish. Friday, the 15th is likely a top. A two-week correction may follow, likely concentrated in the market leaders. Tesla is highly ranked in the Cycles Research cycles/relative…

As you begin to dread higher summer air-conditioning bills, keep in mind that home energy tax credits are blooming like cherry blossoms. Under the Inflation Reduction Act, there are a bushel basket of federal tax credits for making your home more energy efficient. Here’s a sampling of the major breaks,…

Americans fear Alzheimer’s disease more than cancer, stroke, and heart disease combined, according to a survey conducted by the Milken Institute. While the risks of Alzheimer’s are well known, what’s lesser known is that many seniors experience mild cognitive decline or other forms of dementia in their 80s and beyond;…

The economics profession and the progressive policy world is dealing with the shocking news that Bill Spriggs, Chief Economist at the AFL-CIO and former chair of the Howard University Economics Department, has passed away at the age of 68. We’ve lost a great economist and a champion for Black equality,…

As noted last week, small-cap stocks began to outperform after the jobs report on June 2 was mixed enough to allow the Federal Reserve to refrain from raising short-term interest rates this week. Through the end of May, small-cap stocks, as measured by the Russell 2000, were down fractionally for…

Despite Detroit having the lowest home values of any metro in the country, Detroit renters still struggle with affordability. In fact, it costs 24% more to rent the typical home in the Detroit area than it does to buy it. That’s the biggest rent premium among the 50 most populous…