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Personal Finance

“…the biggest end-of-year money mistakes…”

“1. Not cleaning up monthly statements…2. Not taking advantage of rewards credit cards…3. Not using up your FSA account…4. Not contributing enough to your 401(k)…5. Not planning for major 2020 events… Accumulating the necessary funds for big-ticket items (e.g., a… Continue Reading…

Economy

“The IMF thinks this small South American country will see economic growth of 86% next year”

“Guyana, a country of about 780,000 which shares a border with Brazil, Suriname and Venezuela in the northeast of South America, will see economic growth of 86% in 2020, according to the IMF. That’s up from 4.4% in 2019. Such an explosive expansion of… Continue Reading…

Economy

“U.S. Winter-Wheat Acres Set to Drop to Lowest in 110 Years”

“… Dogged by lower prices and tepid demand, U.S. wheat farmers are poised to plant the fewest acres of winter varieties in 110 years… …World supplies are so plentiful that futures for hard red winter wheat are down about 15%… Continue Reading…

Business, Economy

“Survey: US business hiring hits 7-year low…”

“A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey found… The hiring slowdown comes as more businesses are reporting slower growth of sales and profits… Hiring may… Continue Reading…

Predictions, Opinions, & Comments, Stocks

“Today is historically the single best day for the stock market all year”

“Oct. 28 has been the single best day of the year for stocks going back to 1950 with an average return of 0.54% on the S&P 500, according to Ryan Detrick, senior market strategist for LPL Financial. The S&P 500 hit… Continue Reading…

Economy

“China’s Growth Slows To 30-Year Low, What Does It Mean For The Global Economy?”

“China’s economic growth slowed to 6% in the third quarter, the lowest in thirty years and “below” analysts’ expectations of 6.1%. But, quite frankly, if anyone is seriously disappointed by the 6% figure because they had been expecting 6.1%, they… Continue Reading…

Economy

“IMF expects Egypt economy to grow 5.9% in year to end of June”

” Egypt’s economy is expected to grow 5.9% in the year ending in June, the International Monetary Fund said on Tuesday — unchanged from its April forecast but below the government’s target of 6% to 7%… In its World Economic… Continue Reading…

Economy

“U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low”

“The numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase. …employment gains for August and July revised up by a combined 45,000, And in a separate survey, the U.S. unemployment… Continue Reading…

Business

“Average cost of employer-provided family health coverage clears $20,000-a-year mark”

“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…

Banking, Economy, Stocks

“Stocks will ‘rally into the end of the year’ after upside earnings surprise, says J.P. Morgan’s Matejka”

““We were looking for a correction in August, but we believe the market will rally into the end of the year,” Matejka said in an interview. “The key call is that the U.S. is not headed for a recession. The… Continue Reading…