For many Americans, the math of homeownership simply doesn’t add up any more
The long list of spiraling costs includes property taxes, insurance, maintenance and home improvements. Source link
Finance
Watch a video to learn more about what it means to be working class in America
WSJ’s Janet Adamy explains the surprising findings of what it means to be working class in the U.S. Source link
Even wealthy Americans say the political and economic systems are stacked against them
A Wall Street Journal poll finds that even the wealthiest worry about financial security for themselves and their children. Source
The Fed’s vice chair of supervision spoke at a private dinner Bank of America hosted for clients hours after the central bank announced its latest policy decision, according to people familiar with the event
A closed-door event hosted by Bank of America featured Michelle Bowman, the vice chair for supervision. Source link
Warsh’s first test as Fed chairman will be reading the AI boom. Will the build-out cool or stoke price pressures? The 1990s offer two different answers
Will the build-out cool or stoke price pressures? The 1990s offer two different answers. Source link
Week Ahead for FX, Bonds: U.S. Inflation Data in Focus as Prospects of Fed Rate Hike Increase
The Federal Reserve’s favored inflation measure will be watched closely after the central bank recently signaled the possibility that its
European leaders are grappling with how to stem a flood of Chinese exports hammering their industries—and whether they are ready for a trade war with Beijing over the problem
European Union leaders are struggling for consensus on how much to restrict imports that are battering their industries. Source link
Canada Retail Sales Continue to Rise, Buoyed by Higher Gas Prices
Retail sales in April rose 0.5% from the month before, driven by increased trade at gas stations and fuel vendors.
The U.S. has launched a trade investigation into a German plan to cut spending on pharmaceuticals, a move that could result in fresh tariffs
The investigation comes after Berlin said it would require drugmakers to offer bigger discounts on medicines. Source link
Being Generous to Your Kids? Don’t Stick Them With a Surprise Tax Bill
The ‘kiddie tax’ can be a trap for parents and grandparents making gifts, and it applies to a range of