August 16, 2019
“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…
July 26, 2019
“GDP increased 2.1%, down from 3.1% from the first quarter, and the weakest increase since the first quarter of 2017 when President Donald Trump took office. Dow Jones Q2 estimates were for 2% growth. However, the underlying numbers in the… Continue Reading…
July 11, 2019
“Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America has become even more disproportionate over the past decade, with the richest 10% of U.S. households representing 70% of all U.S. wealth in 2018, compared with 60%… Continue Reading…
July 11, 2019
“Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce… According to the poll from The Associated Press-NORC Center for… Continue Reading…
July 8, 2019
“Deutsche Bank shares slumped more than 7 percent as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhauls, the bank will see 18,000 jobs cut by 2022 and the closure of its global… Continue Reading…
July 1, 2019
“It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according to one major investing firm… This means so… Continue Reading…
May 29, 2019
“… Despite a supposedly “booming economy”, the middle class continues to shrink and most of the country is barely scraping by from month to month. In fact, a brand new survey that was just released by Charles Schwab discovered that… Continue Reading…
May 28, 2019
“Nearly 70% of Americans have savings accounts paying less than 2% interest, according to a survey of 1,000 consumers conducted by personal-finance website Bankrate. One in five consumers earns less than 1% annual percentage yield (APY) on the short-term savings, and… Continue Reading…
May 24, 2019
“J.P. Morgan economists said they now see much slower second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first quarter. “The April durable goods report was bad, particularly the details relating… Continue Reading…
April 30, 2019
“Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission. The credit card firms will now charge retailers around 40% less on non-EU credit… Continue Reading…
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