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Economy, Stocks

“Global stock markets gained $17 trillion in value in 2019”

December 30, 2019

“Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The value of global equities began the year just under $70 trillion but has now surpassed… Continue Reading…

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Economy

“Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit…”

December 13, 2019

“The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today. Despite collecting that record amount in taxes, however, the federal government still… Continue Reading…

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Stocks

“Why Exxon’s Stock Could Hit $100 In 2020”

December 12, 2019

“Exxon investors’ long-time suffering may end in the New Year. Oil and gas giant ExxonMobil (NYSE: XOM) could soon go from bleeding cash to gushing profits, with some serious upside.   Bank of America Merrill Lynch has even tapped XOM as its top 2020… Continue Reading…

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Economy

“Black Friday shoppers drop record-breaking $7.4B in online sales”

December 4, 2019

“On Black Friday, shoppers spent a record-breaking $7.4 billion, according to preliminary data published by Adobe Analytics, which measures transactions from 80 of the top 100 online retailers. It marks the second-largest online sales day ever, falling slightly short of last year’s Cyber… Continue Reading…

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Personal Finance

Early Withdrawal: “The $51,000 mistake thousands of retirement savers have made”

November 23, 2019

“Nearly half (49%) of people with retirement accounts have withdrawn the money early, according to data released Thursday by Bankrate. Other data show a similar pattern: In a survey of more than 1,000 adults released this year by MagnifyMoney, roughly half… Continue Reading…

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Stocks

“Millennial bets most of his savings on one of the stock market’s riskiest plays — and he’s about to cash in $1.5 million”

November 21, 2019

“…  he took most of the cash he managed to save from his day job and put it to work in one of the riskiest corners of the market. He claims he purchased about $100,000 worth of Direxion Daily Financial… Continue Reading…

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Economy, Personal Finance

“10 U.S. Cities Where You Can Rent a One-Bedroom Apartment for $600 or Less”

November 19, 2019

“Youngstown, Ohio How Much For A One Bedroom? $600 a month Derby, Kansas How Much For A One Bedroom? $599 a month Amarillo, Texas How Much For A One Bedroom? $597.50 a month Conway, Arkansas How Much For A One Bedroom? $555 a month… Continue Reading…

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Business, Economy, Real Estate

“Apple Commits $2.5 Billion to Ease California Housing Crunch”

November 4, 2019

“Apple on Monday announced a $2.5 billion plan to help address the housing crisis in California, becoming the latest tech giant in the state to address a problem that it helped cause… Apple joins other Big Tech companies based in… Continue Reading…

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Economy, Stocks

“Hong Kong Stock Market Retracts Offer to Buy London Exchange”

October 8, 2019

“Hong Kong’s stock exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets…” https://www.nytimes.com/2019/10/07/business/hong-kong-london-stock-exchange.html

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Banking, Economy

“Fed Adds $110.1 Billion to Financial System in Latest Transaction”

September 27, 2019

“The Federal Reserve Bank of New York added $110.1 billion to the financial system Thursday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets…” https://www.wsj.com/articles/fed-adds-110-1-billion-to-financial-system-in-latest-transaction-11569505632

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