Economics And Finance
A Whiff Of U.S. Recession Is In The Air Again. Credit Trumponomics
Trade dispute between world’s largest economies felt far and wide. A Whiff Of U.S. Recession Is In The Air Again. Credit Trumponomics (#GotBitcoin?) The U.S. economy has taken a turn for the worse — and it doesn’t look like things will get much better anytime soon. A mountain of evidence…
Dow Logs Longest Weekly Losing Streak Since 2011 (#GotBitcoin?)
U.S. stocks closed higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China. Dow Logs Longest Weekly Losing Streak Since 2011 (#GotBitcoin?) The Dow Jones Industrial Average,…
Fed. Says, “Families Still Living Paycheck To Paycheck”
One-quarter of working individuals have no retirement savings, Fed survey shows. Fed. Says, “Many Families Still Living Paycheck To Paycheck Contrary To Trump-Speak” (#GotBitcoin?) Many American households remain financially fragile and uncertain about their retirement prospects despite a booming job market that is lifting wages, according to a Federal Reserve…
Ultimate Resource For U.S. Existing-Home Sales (#GotBitcoin)
Decline suggests continued weakness in housing market despite strong economy. Ultimate Resource For U.S. Existing-Home Sales (#GotBitcoin) The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Existing-home sales fell 0.4% in April…
Citigroup, JPMorgan Chase And Others Fined $1.2 Billion Over FX Trading (#GotBitcoin)
Traders at Barclays, Citigroup, JPMorgan Chase, Mitsubishi UFJ Financial Group and the Royal Bank of Scotland engaged in anti-competitive behavior, the European Commission found. Citigroup, JPMorgan Chase And Others Fined $1.2 Billion Over FX Trading (#GotBitcoin) The European Commission said Thursday that it had fined Barclays, Citigroup, JPMorgan Chase,…
Kathleen Eisbrenner Helped Make Natural Gas A Globally Traded Fuel (#GotBitcoin?)
Entrepreneur advanced technology to allow imports at ports without costly onshore terminals. Kathleen Eisbrenner Helped Make Natural Gas a Globally Traded Fuel (#GotBitcoin?) Kathleen Eisbrenner, a rare female entrepreneur in the energy industry, helped turn natural gas into a globally traded fuel. After joining El Paso Energy Corp. more than…
Credit-Card Delinquency Rates Rise, Particularly Among The Young (#GotBitcoin?)
Interest on credit cards also rising, a New York Fed report adds. Credit-Card Delinquency Rates Rise, Particularly Among The Young (#GotBitcoin?) Credit-card delinquency rates are rising, particularly among young people who are now more likely to have a credit card than a decade ago, according to a report Tuesday by…
‘Playing Catch-Up In the Game of Life.’ Millennials Approach Middle Age In Crisis (#GotBitcoin?)
New data show they’re in worse financial shape than every preceding living generation and may never recover. ‘Playing Catch-Up In the Game of Life.’ Millennials Approach Middle Age In Crisis (#GotBitcoin?) American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind…
Trump’s Tariffs Is Killing The Middle-Class Market
Who Pays the Trump Tariffs? We Do, These Americans Say. Customers of one inflatable-boat company bear most of its tariffs—which turns out to be typical. Trump's Tariffs Is Killing The Middle-Class Market Escalating tariffs between the U.S. and China have fueled an acrimonious debate over who’s paying. President Trump says…
Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings
Trump Tower, once the crown jewel in Donald Trump’s property empire, now ranks as one of the least desirable luxury properties in Manhattan. Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings The 36-year-old building has been turned into a fortress since Trump won the presidency, ringed with concrete barriers…
One-Third of Middle Class Can’t Afford $400 Surprise Expense
Many U.S. adults remain in position of ‘financial fragility’ despite ‘marginally’ improved economic security, central banker says. One-Third of Middle Class Can’t One-third of middle-class American adults couldn’t afford a $400 surprise expense, and some 6% also couldn’t manage such a cost even by borrowing money or selling something, a…
Ultimate Resource For Retirees And Retirement Planning (#GotBitcoin)
We can’t tell the difference between needs and wants and are unable to delay gratification. From the lofty perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. Ultimate Resource For Retirees And Retirement Planning (#GotBitcoin)…