Finance

A study by Matthew Killingsworth of the Wharton School found that happiness and feelings of well-being increased in tandem with a person's rising income.

Itamar Drechsler of the Wharton School authored a report that explains why credit card rates are so high.

“Investors like to believe markets are noisy but fair. Prices move. Information gets absorbed. Excess returns fade. Over time, randomness wins. A new Wharton study by Jessica Wachter that focuses on stock returns quietly dismantles that comfort.”

Loretta Mester of the Wharton School says it’s a good time for the Fed to wait on cutting interest rates because the labor market has stabilized.

Peter Cappelli of the Wharton School says that, despite the stock market doing well, companies are squeezing their employees.

Kent Smetters of the Wharton School says taxing the wealthy would not meet revenue expectations.

Susan Wachter of the Wharton School says mortgage bond purchases are putting downward pressure on mortgage rates.