Personal Finance

“Why So Many Americans Don’t Talk About Money”

“Americans love to talk about how Americans hate to talk about money. Indeed, recent surveys from financial and market-research firms have found that in 34 percent of cohabiting couples (married or not), one or both partners couldn’t correctly identify how much money the other makes; that only 17… Continue Reading…

Economy, Personal Finance

“Nearly 1 in 3 American workers run out of money before payday—even those earning over $100,000”

“…For about a third of Americans, this is a regular financial stress, with 32% running out of money before their next paycheck hits, according to a new survey fielded by Salary Finance of over 2,700 U.S. adults working at companies with over… Continue Reading…

Business

“Pinterest Generated Over $1 Billion in Revenue Last Year”

“Here are some highlights: Q4 Revenue: $400 million, +46% YOY, versus $371 million expected Q4 EPS: 12 cents, versus 8 cents expected Q4 Global Monthly Active Users (MAUs): 335 million, +26% YOY. Q4 GAAP Net loss: $36 million, 176% YOY Q4 ARPU (Average… Continue Reading…

Personal Finance

“Survey: Nearly 4 in 10 Americans would borrow money to cover a $1K emergency”

“…Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) would cover the cost of a $1,000 car repair or emergency room visit using savings. The findings echo what previous Bankrate studies and others —… Continue Reading…

Business

“Boeing is in talks to borrow $10 billion or more as 737 Max crisis wears on”

“Boeing is in talks with banks to secure a loan of $10 billion or more, according to people familiar with the matter, as the company faces rising costs stemming from two fatal crashes of its 737 Max planes. The company has… Continue Reading…

Economy, Stocks

“Man who made a killing during financial crisis says that, at some point, the stock market will slow down — but, till then, ‘I love riding a horse that’s running’”

“Tepper’s bull thesis appears to be the equivalent of the oft-used Wall Street investing mantra: Don’t fight the tape. He tells CNBC that “at some point, the market will get to a level that I will slow down that horse and… Continue Reading…

Economy

“Yuan rises as US lifts China’s currency manipulator label”

“The Chinese yuan strengthened Tuesday to its highest level in more than five months as the United States removed China from its currency manipulator list. The US Treasury Department on Monday stripped away its designation of China as a currency manipulator, days… Continue Reading…

Banking, Economy

“Fed Adds $76.9 Billion in Overnight Money to Markets”

“The Federal Reserve Bank of New York added $76.9 billion in temporary money to financial markets Monday. The Fed’s intervention came via an overnight repurchase-agreement operation that took in Treasury and mortgage securities…” https://www.wsj.com/articles/fed-adds-76-9-billion-in-overnight-money-to-markets-11578321440

Personal Finance

“How to get out of debt and save more money in 2020”

“…Goal #1: Paying down credit card debt Credit card debt is the most expensive kind of debt — significantly costlier than borrowing money to go to college, buy a car or even purchase a house. The average credit card interest… Continue Reading…