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Banking, Economy

“Fed Cuts Interest Rates by Another Quarter Point”

September 19, 2019

“The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy showed additional signs of weakening. For… Continue Reading…

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Economy, Personal Finance

“It’s Not Just Millennials — Gen Z Is Dealing With A Lot Of Debt Now Too”

September 18, 2019

“Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an average debt of $14,700. Having sizable debt at… Continue Reading…

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Cryptocurrencies, Economy, Investing

“Cubans Are Turning to Bitcoin to Access Global Economy: Report”

January 1, 2021

“Bitcoin (BTC) trading is opening new avenues for citizens in Communist-run Cuba, which has been financially isolated for years under a United States trade embargo. A Sept. 12 report from U.S. News claims that with the recent advent of mobile internet in the… Continue Reading…

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Economy, Stocks

“Shift into value stocks could fuel a solid rally, says J.P. Morgan”

September 11, 2019

“Bone up on the term “market rotation” if you want to hold your own at the water cooler these days… Diving right into the debate is our call of the day from a team led by J.P. Morgan’s global head of quantitative… Continue Reading…

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Economy

“Amazon is hiring 30,000 workers…”

September 11, 2019

“Amazon is looking to fill 30,000 jobs and, to help accomplish that goal, it plans to host career days in six cities across the US next week. The open spots span a variety of skill and experience levels, from entry-level… Continue Reading…

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Economy

“UK economy shows unexpected strength in July, dampening recession fears”

September 9, 2019

“Britain’s economy picked up more than expected in July, data showed on Monday, dampening fears that it will succumb to its first recession since the financial crisis… Economic output in July alone was 0.3% higher than in June, the Office… Continue Reading…

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Economy, Stocks

“U.S. Stocks Edge Up After Jobs Report”

September 6, 2019

“U.S. stocks ticked higher Friday after the August jobs report showed hiring remained steady in a month racked by trade threats, though employers added slightly fewer jobs than analysts had expected…” https://www.wsj.com/articles/global-stocks-waver-ahead-of-jobs-report-11567757633

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Economy

Jobs: August U.S. payrolls 130,000 – Low Supply Of Workers?

September 6, 2019

“Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday… Wage growth remained solid, with average hourly earnings… Continue Reading…

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Banking, Economy, Stocks

“Stocks will ‘rally into the end of the year’ after upside earnings surprise, says J.P. Morgan’s Matejka”

September 5, 2019

““We were looking for a correction in August, but we believe the market will rally into the end of the year,” Matejka said in an interview. “The key call is that the U.S. is not headed for a recession. The… Continue Reading…

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Economy, Investing, Stocks

Follow The Money: Investors Move From Stocks to Bonds

September 4, 2019

“Unable to stomach turbulence driven by the escalating conflict between China and the United States, and leery of a darkening outlook for the economy, investors have been pulling money out of the stock market and buying bonds, the traditional place to… Continue Reading…

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