Two words from Fed Chair Jerome Powell moved markets last week: “JUST BELOW.” He was talking about short-term interest rates, which are just below neutral, a Goldilocks level that is designed to neither speed up-nor slow down-economic growth. Powell’s assessment was a change from a comment he made in early October, when he said rates were a “long way” from neutral.
Read MoreJust when you were getting complacent about your data and privacy, hotel chain Marriott announced a massive data breach of its Starwood reservation system. Up to 500 million people could be impacted, going as far back as 2014.
Read MoreA rising stock market, a strengthening economy and a change in the tax code propelled charitable giving by American individuals, bequests, foundations and corporations to just over $410 billion in 2017, according to Giving USA 2018: The Annual Report on Philanthropy for the Year 2017. It was the first time that giving exceeded $400 billion in a single year.
Read MoreIn a holiday-shortened week, investors learned a nasty lesson: when the bear reveals his fangs, the results can be nasty.
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