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Economy, Investing, Personal Finance

2-Year Treasury Notes Are More Profitable Than 10-year [For The Time Being]

“The yield on U.S. 30-year bond also turned heads on Wall Street during Wednesday’s session as it fell to an all-time low, dropping past its prior record notched in summer 2016. The two historic moves coming in tandem show that… Continue Reading…

Economy, Personal Finance

“Americans say they can’t afford a vacation”

“A new Bankrate survey found 42 per cent of Americans decided not to take a vacation over the past year because of the cost. Nearly a third said they can afford a vacation less now than they could have five… Continue Reading…

Economy

“Federal Spending Sets Record Through June”

“The federal government spent a record $3,355,970,000,000 in the first nine months of fiscal 2019 (October through June), according to the Monthly Treasury Statement released today. Prior to this fiscal year, the most the federal government had ever spent in the… Continue Reading…

Economy

“Bankruptcy filings rising across the country and it could get worse”

“According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the… Continue Reading…

Business

“The most overworked cities in the US might surprise you”

“If you live in Washington D.C., Houston or Atlanta, it might be time to take a vacation. Those three cities, followed by Seattle and Chicago, are the most overworked cities in the United States, according to a study released by the mobile… Continue Reading…

Business, Economy, Personal Finance

“Finance companies fleeing northeast for lower taxes in Florida”

“Look out Wall Street. Huge financial firms from the northeast are moving en masse to Palm Beach County in search of lower taxes and better weather. And the moves are spelling out big dollars for the local economy. “The harder… Continue Reading…

Personal Finance

“…1 In 4 Have Lied About Their Debt To A New Love Interest”

“Sponsored by SelfLender, the survey found that about a quarter (24%) of respondents have lied to a new partner about their level of debt. The survey also revealed that many adults are deceptive about their financial situations in general. Three in 10 admit… Continue Reading…

Economy, Real Estate, Stocks

“The superrich are selling stocks, buying properties and keeping cash ready”

“In the first quarter, Tiger 21, a coalition of 750 members worth in excess of $75 billion, raised cash to levels not seen since 2013. Not much changed in the second quarter in terms of keeping powder dry. The group’s… Continue Reading…

Economy, Stocks

“Nomura: A second market sell-off could be ‘Lehman-like’”

“Investors shouldn’t take much solace from Tuesday morning’s rebound, says Nomura. The firm is warning the next sell-off could resemble a crisis-level plunge like the one that followed Lehman Brothers’ collapse. This view is much more catastrophic than the rest… Continue Reading…

Economy

“Record 157,288,000 Employed in July”

” The number of people employed in the United States hit a record 157,288,000 in July, according to the employment report released today by the Bureau of Labor Statistics… The unemployment rate held steady in July at 3.7 percent, the same as it… Continue Reading…