Home >> Money


News on Finance, Money, markets and the economy

Trump Effect: Holiday retail sales exceed forecast; year ahead looks ‘very good’

Holiday shopping

Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment and higher confidence led consumers to spend more than had been expected, the National Retail Federation said today. The number, which excludes restaurants, automobile dealers and gasoline stations, includes $138.4 billion in online and other non-store sales, ...

Read More »

Internet Sales Tax Probably Coming Thanks To The Supreme Court

Internet sales tax

  by Kevin Daley The Supreme Court will decide whether to expand the power of the states to collect sales tax from online sales, which could precipitate a vast increase in internet sales tax. The justices announced Friday that they will take a challenge to a 1992 precedent which allows states to collect sales taxes only from those companies with a physical ...

Read More »

Tips to Help You Get Out of a Debt Trap

Credit cards

A huge number of people these days find themselves trapped in an unenviable position purely due to the level of debt they are in. Debt can have a huge negative impact on your life, leaving you unable to do the things you want and in some cases unable to cope with day to day requirements such as buying food or ...

Read More »

Trump Effect: December Jobs Numbers BLOWOUT

ADP report Dec-2018

The private sector hired in December many more workers than analysts had expected according to a Thursday report from ADP. Business hired 250,000 new workers in the last month of the year, beating expectations of 190,000. The job surge came as strong holiday sales fueled retailers and logistics companies to hire and the increased revenue flows into the economy made ...

Read More »

They said Trump couldn’t reinvigorate coal industry – Did he?

Donald Trump Digs Coal

Experts said that President Donald Trump could not reinvigorate the coal industry with his deregulatory agenda – they were wrong. The Economist tweeted that “There is no reason to expect that Donald Trump’s decision will invigorate coal mining, as he claims it will” There is no reason to expect that Donald Trump's decision will invigorate coal mining, as he claims ...

Read More »

Dems Claim GOP Tax Bill Killing Charities; December Donations Tell Different Story


  by Robert Donachie Nonprofits and other charitable organizations are seeing a significant uptick in donations this December, a phenomenon that many are attributing to changes the Republican tax bill will bring in 2018. A handful of nonprofits and charitable entities are reporting record donations in December, with some seeing nearly double the donation levels of typical Decembers, The Wall ...

Read More »

Trump Effect: Retailers ring up best Christmas … EVER in 2017

Holiday shopping

Mastercard SpendingPulse today reports that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. This is the largest year-over-year increase since 2011 and a further indication of consumer confidence. Online shopping also saw large gains of 18.1 percent compared to 2016, boosted by a late-season rally. The SpendingPulse report details holiday shopping from November 1 ...

Read More »

Trump Effect: Holiday Retail Sales Up Double Digits

Holiday shopping

2017 holiday retail sales totals are up 16 percent year-over-year (YOY) according to an industry data analysis firm and the number of transactions is up 19 percent. The company also reported sales results for Free Shipping Day, December 15, showing retail revenues grew by 16 percent and the number of consumer transactions increased by 14 percent compared to Free Shipping Day ...

Read More »

Illinois: A debacle of Democrat Rule and Ruin

People of Illinois, how do you like living in a state experiencing a severe financial crisis?  Well, that’s where you live and that’s what Democrats have brought you – the worst bond rating in the nation and over $15 billion in debt. Democrats overtax to overspend to buy votes. That is the Democrat’s losing game, and it is better to ...

Read More »

Trump effect: Fed raises fourth quarter GDP Forecast to near 4 percent

NY Fed Nowcast 4q17

The New York Federal Reserve on Friday raised its estimate for fourth-quarter GDP closer to 4% after revisions of earlier data showed a stronger economy than previously thought. The N.Y. Fed’s “Nowcast” forecasting model predicts that the economy is expanding at an annualized rate of 3.98 percent in Q4 – a .6% increase from last week’s 3.92% estimate. The regional central ...

Read More »

What’s in the final version of the Republican tax bill

House Republicans - why does tax reform matter to you

The conference committee that was negotiating the differences between the tax reform bills passed by the House and Senate has reached agreement on the consolidated bill and released the details to the public. “I’m very excited about this moment. It’s been 31 years in the making and took a lot of hard work by a lot of people to make ...

Read More »
Sign up for our Newsletter

* indicates required field

Email Format