Olivia Oran

The economy is robust, unemployment is sitting at 3.7%, its lowest mark <a id="b3be97d1-719f-3ec1-a694-5bd8034b25d4" href="https://www.businessinsider.com/us-jobs-report-unemployment-rate-and-wage-growth-september-2018-2018-10?utm_source=intl&amp;utm_medium=ingest"> in nearly half a century, </a> and interest rates, though moving upward, are still relatively low.

So <a id="8160434f-937b-3e8b-a6ef-27bb910c4e37" href="https://www.businessinsider.com/people-arent-paying-their-credit-cards-and-more-are-being-shutdown-2018-12?utm_source=intl&amp;utm_medium=ingest"> why are credit-card delinquencies, application rejections, and involuntary account closures all on the upswing? </a>

That's what the <a id="748a4e00-f74f-33e8-aafd-27191d3208e7" href="https://libertystreeteconomics.newyorkfed.org/2018/12/just-released-a-closer-look-at-recent-tightening-in-consumer-credit.html"> Federal Reserve Bank of New York would like to know </a> .

The <a id="a39cd398-9e32-3fee-a9b0-4efe2076cdb0" href="https://www.newyorkfed.org/newsevents/news/research/2018/an181203"> Fed released the results </a> this week of its "Credit Access Survey" — a quarterly report on US borrowers — and it surfaced a couple of alarming trends that suggest credit-card issuers are getting skittish and paring back risk: Both credit-card rejection rates and involuntary account closures are on the rise.

Wall Street giant Bloomberg LP could be put up for sale if owner Mike decides to run for president

Michael Bloomberg, the founder of the eponymous financial data and news operation, <a id="e9801425-783b-339f-a78f-37c4af28729b" href="https://www.businessinsider.com/mike-bloomberg-says-he-may-sell-his-media-company-if-he-runs-for-president-2018-12?utm_source=intl&amp;utm_medium=ingest"> said he is likely to sell his company if he runs for president, according to an interview he gave to a local radio station. </a>

Bloomberg said he would either sell the company or put it in a blind trust, but that at his age, 76, it makes more sense to sell it, <a id="65e5b22b-967a-3e4a-a104-2ca8a6b3029d" href="https://www.radioiowa.com/2018/12/04/bloomberg-discusses-objectives-of-possible-2020-presidential-bid/"> according to an interview he gave to Radio Iowa </a> .

"I think at my age, if selling it is possible, I would do that," Bloomberg said, adding that at the very least he wants to sell the company before he dies. "At some point, you're going to die anyway, so you want to do it before then."

Internal emails show Mark Zuckerberg saying what's good for the world is not necessarily what's good for Facebook

Facebook CEO Mark Zuckerberg once privately made a stark admission: What's good for the world isn't necessarily what's good for Facebook.

On Wednesday, the UK Parliament <a id="f0c62bac-71fe-3966-a749-8e4d2940a5ac" href="https://www.businessinsider.com/mark-zuckerberg-whats-good-for-world-not-necessarily-facebook-2018-12?utm_source=intl&amp;utm_medium=ingest"> released a trove of confidential internal Facebook emails </a> it seized from an app developer who had obtained them as part of a legal battle with the Silicon Valley tech giant. It was an extraordinary move, with the documents supposed to remain under seal by order of a California judge. The publication of the documents has provided an unprecedented window into the inner workings of Facebook's executive team and their ruthless approach to competition.

In markets news

<ul><li> <a itemtype="link" id="b482c2af-177a-3ff8-a13e-893fb7ac6267" itemscope="itemscope"> <meta content="https://www.businessinsider.com/us-china-trade-war-to-persist-after-trump-state-street-investing-advice-2018-12?utm_source=intl&amp;utm_medium=ingest" itemprop="url"/> A $2.8 trillion asset manager is bracing for a US-China dispute that rages long after Trump's presidency — here are its best investing tips to navigate the chaos </a> </li></ul>

NOW WATCH: <a id="b4cd02b7-9df3-3397-adb1-46fd90e63734" href="https://www.businessinsider.com/gary-shilling-legendary-economist-trade-war-outlook-says-us-will-win-2018-10?utm_source=intl&amp;utm_medium=ingest"> The legendary economist who predicted the housing crisis says the US will win the trade war </a>

<ul><li> <a href="https://www.businessinsider.com/bi-insider-panel-2016-9?utm_source=intl&amp;utm_medium=ingest">Share your opinion — become a BI Insider!</a> </li><li> <a href="https://www.businessinsider.com/facebook-documents-six4three-case-published-british-parliament-2018-12?utm_source=intl&amp;utm_medium=ingest">The secret Facebook documents have just been published by British Parliament</a> </li><li> <a href="https://www.businessinsider.com/trump-ordered-the-government-closed-december-5-for-george-hw-bush-2018-12?utm_source=intl&amp;utm_medium=ingest">Trump ordered the federal government closed on December 5 'as a mark of respect' for George H.W. Bush</a> </li></ul>

People aren't paying their credit cards and more accounts are being shut down, and it could be a sign that 'economic clouds are darkening'

What you need to know on Wall Street today

The <a href="https://www.businessinsider.com/category/stock-market?utm_source=intl&amp;utm_medium=ingest" id="101b2cae-643d-3639-a1ca-310ccb523b0a"> stock market </a> has been flipped upside down.

<a href="https://www.businessinsider.com/stock-market-tipping-point-means-10-year-dynamic-may-end-2018-10?utm_source=intl&amp;utm_medium=ingest" id="f8a6d587-e233-3b58-a228-48c964504346"> Value stocks </a> , which have suffered at the hands of their growth counterparts for most of the <a href="https://www.businessinsider.com/how-the-bull-market-will-end-chris-hyzy-bofaml-explains-what-needs-to-happen-2018-11?utm_source=intl&amp;utm_medium=ingest" id="936fb328-5513-36e0-aa5a-e676caf7b60b"> 10-year bull market </a> , are <a href="https://www.businessinsider.com/stock-market-investing-major-shift-to-value-underway-morgan-stanley-2018-11?utm_source=intl&amp;utm_medium=ingest" id="de0ca28a-1b8b-3dab-a8fb-312ea9336ca7"> suddenly the hot ticket </a> for portfolio managers. Meanwhile, stocks that look desirable and safe because of their low volatility are headed for their best quarter in seven years relative to the broader market.

What's resulted is a landscape that looks increasingly foreign to equity investors who have become accustomed to certain circumstances — ones that rewarded growth stocks and the traders who indiscriminately piled into them.

While this has been a tough pill to swallow for some investors, there are still plentiful opportunities available to those willing to make the right adjustments. <a href="https://www.businessinsider.com/stock-market-strategy-4-portfolio-tweaks-recommendations-from-credit-suisse-2018-11?utm_source=intl&amp;utm_medium=ingest" id="9f863504-108e-3f5d-a7b4-910ea8d5d5f0"> To that end, Credit Suisse has a handful of ideas how traders can navigate these choppy waters. </a>

Money managers may see higher bonuses this year, but are bracing for job cuts in 2019

<a href="https://www.businessinsider.com/asset-management-compensation-report-2018-2018-11?utm_source=intl&amp;utm_medium=ingest" id="89b8572c-df37-3391-ac24-cd78ca27383b"> Asset managers are likely to receive a small bump in their overall compensation this year </a> - around 5%, according to a new report. But that uptick masks some of the larger challenges within the industry, as market volatility, the reallocation of bonus pool dollars to technology investments and declining margins eat into industry profits.

Overall compensation for equities-focused traditional asset managers is expected to average around $710,000 this year, compared to $490,000 for fixed income-focused managers, according to a survey of more than 1,000 professionals by consulting firms Greenwich Associates and Johnson Associates.

But those figures could fall, <a href="https://www.businessinsider.com/stock-market-crash-cause-misunderstood-blackrock-rick-rieder-says-2018-10?utm_source=intl&amp;utm_medium=ingest" id="d5db4a1c-578f-3e7c-aa40-2e73dbf7bc78"> as markets have moved lower in recent weeks. </a>

When Moderna goes public in what might be the biggest IPO in biotech history, it should be very good for these 7 people and investors

Moderna Therapeutics, a buzzy startup with a <a href="https://www.businessinsider.com/healthcare-and-biotech-unicorns-by-july-2018-2018-7?utm_source=intl&amp;utm_medium=ingest#moderna-therapeutics-7-billion-17" id="46754173-0c87-3535-a824-ae12a4df4e25"> $7.5 billion private valuation </a> , filed paperwork in November to go public.

According to an updated filing, Moderna plans to sell shares for as much as $24 each, raising $600 million, a move that would value the company at $7.8 billion.

<a href="https://www.businessinsider.com/biggest-investors-in-moderna-before-initial-public-offering-2018-11?utm_source=intl&amp;utm_medium=ingest" id="9943fa4e-ca01-3049-a800-c689e60c1c7c"> Here's who stands to gain the most on what's heading to be the biggest IPO in biotech history. </a>

<ul><li> <a itemtype="link" id="621e32fd-e962-3fa6-a82b-4f7aa1635295" itemscope="itemscope"> <meta content="https://www.businessinsider.com/federal-reserve-rate-hikes-in-2019-best-trading-strategy-goldman-sachs-2018-11?utm_source=intl&amp;utm_medium=ingest" itemprop="url"/> Goldman Sachs unveils its best trade to profit from an unexpected move from the Fed in 2019 </a> </li></ul>

NOW WATCH: <a href="https://www.businessinsider.com/donald-trump-nfl-league-usfl-sued-tweet-three-dollars-2017-9?utm_source=intl&amp;utm_medium=ingest" id="2a213334-ff2f-3acd-a5bf-cd85acedc4b5"> Trump once won a lawsuit against the NFL — but the result was an embarrassment </a>

<ul><li> <a href="https://www.businessinsider.com/bi-insider-panel-2016-9?utm_source=intl&amp;utm_medium=ingest">Share your opinion — become a BI Insider!</a> </li><li> <a href="https://www.businessinsider.com/conor-mcgregor-proper-no-twelve-whiskey-review-2018-9?utm_source=intl&amp;utm_medium=ingest">We tried Conor McGregor's new whiskey — and it's just as bad as you'd expect</a> </li><li> <a href="https://www.businessinsider.com/how-to-save-money-every-day-2018-7?utm_source=intl&amp;utm_medium=ingest">12 clever ways to save money every day, according to financial experts</a> </li></ul>

The stock market has become wildly unpredictable — here are 4 simple portfolio tweaks Credit Suisse says will help traders make a killing amid the chaos

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Olivia Oran

Articles written by the author

What you need to know on Wall Street today

What you need to know on Wall Street today