Jim Cramer warned investors not to let Tuesday’s losses scare them into exiting their positions in steady, dependable stocks.
Treasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, “It is unlikely that cash and extraordinary measures will be exhausted before early June.”
While there are no signs of major stablecoins collapsing, an economics professor at Cornell University says it’s something regulators are worried about.
Macy’s on Friday said consumers’ budgets are under pressure and that it expects the squeeze to continue into this year.
The embattled home goods retailer said it is exploring financial options, including filing for bankruptcy.
Stocks rose Friday but were still down for the week as investors continue to worry about a potential recession.
“While [Powell’s] not explicitly trying to send stocks lower, he’s certainly not going to shed any tears over it,” Cramer said.
The IRS has a warning for early tax filers: You’ll need to wait for “key documents” before submitting your return. Here’s what to know before filing.