December 30, 2019
“Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners… … As retailers offer improved web platforms, online spending so far this season has… Continue Reading…
December 24, 2019
“Nationwide, 31% of people with credit bureau records had debt in collections last year, according to the 2018 figures, which were published by the Urban Institute. The median amount of that debt was $1,639. “The share of consumers with financial distress,… Continue Reading…
December 24, 2019
“The number of available jobs jumped in October after hitting an 18-month low the previous month, a sign the job market remains strong. The Labor Department said Tuesday that the number of available positions rose 3.3% to nearly 7.3 million. That suggests… Continue Reading…
December 23, 2019
“U.S. factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors Co. strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output,… Continue Reading…
December 23, 2019
“Phoenix long has been considered an inexpensive place to live, but that may be changing. Even some middle-class people are struggling to make ends meet as the desert city experiences some of the nation’s fastest-rising rents, jumping as much as… Continue Reading…
December 17, 2019
“The stock market is spring-loaded for a big start to 2020, according to strategists at one Wall Street bank. The market is “primed for Q1’2020 risk asset melt-up,” Bank of America strategists Michael Hartnett and Tommy Ricketts wrote in a Dec. 12… Continue Reading…
December 16, 2019
“…The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products… Continue Reading…
December 13, 2019
“Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic. The share of credit card borrowers who are at least… Continue Reading…
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…
December 3, 2019
“US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post. Since the financial crisis in 2008, corporations have splurged… Continue Reading…
Recent Comments