David McNew/Getty Images The selloff in US bank shares is threatening to push them below a technical threshold that could signal more pain ahead for the broader stock market. With the collapse of First Republic Bank worsening fears about the solvency of regional lenders, investors have pummeled financial stocks, leaving the S&P 500 financials index on the verge of falling back below its 2007 peak. For perspective, after the 2008 credit crash it took over a decade for that gauge to recover the...

U.S. financial markets will be closed May 25 in observance of Memorial Day. The New York Stock Exchange and the Nasdaq will resume normal trading hours Tuesday. The NYSE is scheduled to reopen its trading floor to some brokers Tuesday after it went fully electronic for two months after two people tested positive for coronavirus. The Securities Industry and Financial Markets Association recommended the U.S. bond market close at 2 p.m. Eastern on Friday and remain closed on Monday. U.S....

Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills due to a wave of layoffs or lost income from the coronavirus pandemic. Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowners past due on mortgage payments who aren’t in forbearance, along with those in forbearance...

How COVID 19 is giving us an unexpected opportunity to re-connect with friends and family during quarantine. USA TODAY Sarah Coole, who got divorced earlier this year, was just finding her financial footing for a one-income household with two children. Then the pandemic hit, leaving her worried about whether four months of emergency savings would be enough of a cushion. Luckily, the 42-year-old, who serves as a communication director at the State Bar of Georgia, has been able to work from...

Jessica Chamorro’s dream of owning her first home was upended in March after she was furloughed from her catering job at a hotel chain in Tampa, Florida. She and her husband, who have three children, had just started their pre-approval process to purchase a home this summer when the pandemic hit. Now their plans have been put on hold after the hotel industry was battered by travel restrictions and lockdowns. They are currently stuck in a 1,000-square-foot rental that they had been staying in...