Alexandria Ocasio-Cortez has $7,000 in savings — and that’s more than double most millennials

As newly-elected New York Congresswoman Alexandria Ocasio-Cortez heads to the U.S. House of Representatives, she is grappling with some common millennial financial problems: She struggled to pay for an apartment in Washington, D.C. and had to dip into her savings to move. The 29-year-old Democrat, who became the youngest woman elected to Congress in November, … Read more

The Wall Street Journal: Shifting U.S. troops on border reflects ‘reallocation,’ not drawdown, Pentagon says

WASHINGTON — Some of the thousands of U.S. troops ordered to the Mexican border last month could begin returning to their home bases in coming days as military officials rotate units to address shifting requirements, officials said Tuesday. The changes would not reflect a move by the Pentagon to wind down the deployment, which is … Read more

Trump Today: Trump Today: President vows to remain partners with Saudis and takes shot at Fed over interest-rate policy

Getty Images President Trump participates in a turkey-pardoning event at the Rose Garden of the White House Tuesday. President Donald Trump on Tuesday said the U.S. was standing with Saudi Arabia in the wake of the killing of journalist Jamal Khashoggi, as he leveled fresh criticism at the Federal Reserve over interest-rate policy. ‘STEADFAST PARTNER’ … Read more

Lowe’s completes business review and the verdict is: There are a lot of problems

Getty Images Lowe’s CEO Marvin Ellison identified a number of problems plaguing the retailer, including out-of-stocks Among the many announcements Lowe’s Corp. made with its third-quarter earnings, Chief Executive Marvin Ellison said the home repair retailer “substantially completed” a review of the business, and then listed all of the problems facing the company. “[O]ut-of-stocks continue … Read more

London reveals size of centuries-old gold market for first time — and it trails New York

London has for the first time raised the veil on the size of its centuries-old gold market. The daily average of $36.9 billion in bullion moving in and out of London’s over-the-counter market is just shy of the amount traded in New York, a new data release Tuesday showed. The London Bullion Market Association said … Read more

The Wall Street Journal: SpaceX raises $250 million in high-yield loan sale

Elon Musk’s SpaceX raised $250 million from its first-ever high-yield loan sale, shrinking the size of the loan by $500 million after the company encountered a mixed reception from investors and worsening credit-market conditions. The loan, facilitated by Bank of America Corp. BAC, -1.33%   and slated to fund general corporate purposes, opens a new … Read more