By Nathan Gomes and Joseph White (Reuters) -Rental firm Hertz Global Holdings (OTC:) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign that EV demand has cooled. Hertz will…

We have many reasons to believe U.S. inflation will remain elevated for several more years, and stocks may be your best option for long-term savings. During the 1990s and 2000s, the average annual increase in the consumer price index was about 2%. Americans benefited from the digital revolution. Vast improvements…

By Michael S. Derby NEW YORK (Reuters) – While it never came to pass, some of the Federal Reserve’s most prominent officials said at the end of 2018 that they saw value in accelerating how often the U.S. central bank revised its forecasts for economic data and interest rates. According…

Speculation that the 60/40 portfolio may have outlived its usefulness has been rife on Wall Street after two years of lackluster performance. But as the yield on the 10-year Treasury note BX:TMUBMUSD10Y hovers around 4%, some strategists say the case for allocating a healthy portion of one’s portfolio to bonds…

By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase (NYSE:) reported its best-ever annual profit and forecast higher-than-expected interest income for 2024, even as its quarterly profit fell. The largest U.S. lender also took a nearly $3 billion charge to replenish a government deposit insurance fund. JPMorgan benefited from…

It doesn’t take long for a U.S. visitor in Colombia to appreciate the dangers of runaway inflation. They come to this realization even though, relative to historical examples of hyperinflation, Colombian inflation doesn’t particularly stand out. The country’s consumer price index has increased at an annualized rate of just over…

(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11, in a milestone for the cryptocurrency industry that kicked off a fierce competition for market share. The U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs from BlackRock (NYSE:) ,…

Minimum-wage workers in half of the country will see their pay go up in 2024 — but it likely won’t be enough to keep up with the cost of living. Minimum-wage increases will go into effect in 22 states on Jan. 1, and three additional states will raise their minimum wage…

By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices gained on Friday as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, while U.S. Treasury yields eased on news that U.S. producer prices unexpectedly fell in December. Wall…

Minutes from the last Federal Open Market Committee meeting released Wednesday showed that the central bank expected to make interest rate cuts this year but hadn’t seriously deliberated on the timing or magnitude of them. That failure to declare Mission Accomplished leads nicely into the latest view from strategists at…