Home >> Money (page 2)

Money

News on Finance, Money, markets and the economy

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 »

Trump Effect: American optimism on economy at 11-year high

donald-trump-thumbs-up

A new survey released Monday showed that Americans feel better about the economy now than at any point in recent history. The CNBC-America Economic Survey of 800 adults showed that 41% of those polled said they expect the economy to improve over the next year, nearing an all-time record. The poll also found that more than half of respondents rated ...

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 »

Trump Effect: Nov. Retail Sales Blow Out Expectations

donald-trump-thumbs-up

U.S. retail sales figures blew out expectations for November as the holiday season and enthusiasm for President Donald Trump’s economic agenda fueled the beginning of the holiday buying season. The Commerce Department reported Thursday that retail sales rose .8% last month continuing an amazing run-up for 2017. Analysts had forecast just a .3% rise. October sales were also adjusted up ...

Read More »

The Trump Effect: U.S. Employers Report the Most Optimistic Hiring Outlook in a Decade

Outlook of +19% Driven by Optimism in Construction, Manufacturing and Transportation & Utilities Employers in the Midwest Report Strongest Hiring Outlook Since 2001 U.S. employers report the strongest hiring intentions in 10 years as employers across the country look to add staff in the first quarter of 2018, according to the latest ManpowerGroup Employment Outlook Survey. Hiring momentum continues to ...

Read More »

What trends will retail see in 2018?

online shopping

SAN FRANCISCO — Adyen, the payments platform of choice for the world’s leading companies, Tuesday released its global retail predictions for 2018. Based on Adyen data, market research and anecdotes from hundreds of merchants, the company found early cues as to what savvy shoppers and retailers should expect next year. Last year, Adyen predicted that mobile shopping and personalized customer experiences would ...

Read More »

Hogan: Social Security Won’t Give You Security

Social Security won't give you security

If you’re counting on Social Security to finance your retirement, you’re in for a big surprise. Money expert Chris Hogan explains why. Full Transcript If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind. Let me give you two reasons why. One: Social Security is going broke. And, two: Even ...

Read More »

Three Ways to Protect Yourself from the “Pay Upfront Scam” During a Holiday Cash Crunch

phone scammer

Many Pennsylvanians may find themselves looking for solutions to a cash crunch during the holiday shopping season. However, Pennsylvania’s Secretary of Banking and Securities Robin L. Wiessmann urges consumers to avoid the “pay upfront scam” for bogus loans or credit cards. Wiessmann explains how this scam works: The con artist will target people with poor credit histories by promising easy or “guaranteed” ...

Read More »

Job growth remains solid despite tightening labor market

economy going up

Employment increased by 228,000 jobs in November after increasing by 244,000 jobs in October. As the labor market is tightening, employment growth has been gradually slowing in the past couple of years. Is the acceleration in economic activity in recent quarters reversing this trend? The noise created by the hurricanes is making this difficult to answer, but November’s stronger than ...

Read More »

U.S. News & World Report Identifies the 8 Best Cars to Buy Now

Car lot

U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled December’s list of the Best Cars to Buy Now. To make U.S. News’ monthly list, a car has to meet three criteria: declining sales, strong manufacturer incentives and excellent scores in the U.S. News Best Cars rankings. “Year-end discounts and incentives make this a great time to ...

Read More »

Drug Prices Increase 50X Faster Than Inflation

Retail prices for 768 prescription drugs commonly used by older adults increased by an average of 6.4% in 2015, outpacing the general inflation rate of 0.1%. This is at least the 12th straight year of substantial retail price increases for prescription drugs, according to the latest in a series of AARP Public Policy Institute reports that began tracking drug prices in ...

Read More »

Press: 3%+ growth under Trump is ‘dreaming’ – Ummm… nope

End of an Error

They couldn’t help themselves. The mainstream media published column after column saying that Trump’s promise for GDP growth north of 3% was impossible because, after all, Obama hadn’t been able to do it. First, here are the media reports earlier this year that made it seem impossible that Trump’s policies could bring about 3% or more GDP growth – ever ...

Read More »

Study: Phone Scammers Getting Trickier for Upcoming Holidays

phone scammer

A new study shows that scammers are using new tactics like neighbor spoofing to take advantage of consumers as the holiday season approaches. First Orion, a provider of data and phone call transparency solutions, said that with over 2.4 billion phone calls made each month, scammers are using increasingly clever ways to penetrate carrier networks and reach their victims. To better understand the ...

Read More »

Consumer confidence continues 5-month run and 17-year high

economy going up

The Conference Board Consumer Confidence Index®, which had improved in October, increased further in November. The Index now stands at 129.5 (1985=100), up from 126.2 in October. The Present Situation Index increased from 152.0 to 153.9, while the Expectations Index rose from 109.0 last month to 113.3. “Consumer confidence increased for a fifth consecutive month and remains at a 17-year high ...

Read More »

Cyber Monday Outperforms Black Friday by 68 Percent

Black Friday - Cyber Monday

Holiday 2017 sales grew year-over-year (YOY) across the three-day period from Saturday to Cyber Monday, showing 23 percent revenue growth and 22 percent purchase growth. Cyber Monday itself outperformed Black Friday by 68 percent, and had year-over-year growth of 12 percent in both revenue and purchases. Mobile is a key driver of growth this holiday season, with mobile revenue up ...

Read More »
Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!