March 19, 2020
“JPMorgan Chase is closing about a fifth of its bank branches to help contain the spread of COVID-19. The finance giant will shutter about 1,000 Chase bank locations temporarily, according to a memo sent to employees Wednesday. The roughly 4,000 other branches will… Continue Reading…
March 17, 2020
“In a mid-day announcement, the New York Fed said it willconduct a $500 billion repo operation this afternoon, another move targeted at keeping money flowing through the system. Repo involves banks putting up high-quality collateral like Treasurys in exchange for… Continue Reading…
February 6, 2020
“We are here to say that yes, there is life outside of investing in Apple, Microsoft, Amazon, Google and Facebook. Unfortunately, most investors don’t agree — and it could end badly for them at some point. Those five powerful tech… 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…
November 8, 2019
“Across the country, farmers are struggling with particularly difficult financial realities. The past year has seen extreme flooding in the Midwest and drought in the West, a tariff war that resulted in commodity prices plummeting, and falling land value… … “Farm debt has been rising more rapidly… Continue Reading…
November 6, 2019
“A wave of interest-rate cuts by central banks including the Federal Reserve and mounting hopes of a U.S.-China trade deal are buoying confidence in financial markets just as key economic indicators show signs of stabilization after recent declines. …the relative… Continue Reading…
October 28, 2019
“Marc Chandler, chief market strategist at Bannockburn, discusses his expectation for three more interest rate cuts by the Federal Reserve and the state of the U.S. dollar. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)…” https://www.bloomberg.com/news/videos/2019-10-28/fed-to-cut-three-more-times-as-economy-is-rolling-over-chandler-video If you click the link… Continue Reading…
September 26, 2019
“The average total cost of employer-provided health coverage passed $20,000 for a family plan this year, according to a new survey… Annual premiums rose 5% to hit $20,576 for an employer-provided family plan in 2019, according to the yearly poll… Continue Reading…
September 5, 2019
“A new survey from TD Ameritrade finds that 52% of parents with children under 18 spent more than they intended to this summer. The average summer debt for those parents is $1,960 this year. That compares with just $563 for… Continue Reading…
August 14, 2019
“If you live in Washington D.C., Houston or Atlanta, it might be time to take a vacation. Those three cities, followed by Seattle and Chicago, are the most overworked cities in the United States, according to a study released by the mobile… Continue Reading…
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