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Money & The Economy

News on Finance, Money, markets and the economy

U.S. Foreclosure Activity Drops To 12-Year Low In 2017

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 676,535 U.S. properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest level since 2005, according to ATTOM a national property database. The U.S. foreclosure rate in 2017 was 0.51 percent of ...

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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, ...

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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 ...

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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 ...

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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 ...

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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 ...

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4 Tips on Improving Your Credit Score

Credit cards

Acquiring things in life will take a lot of work. When the time comes to buy a home or a car, you will need to find a way to get approved for a loan. The first thing a lender will look at when trying to decide on whether or not to give you a loan is your credit report. If ...

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

SportClipsVFWHelpAHeroScholarshipDonation

  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 ...

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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 ...

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Didn’t get what you wanted? These Amazon promo codes can help you get it CHEAP!

amazon logo

If the gift you wanted wasn’t under the tree, use these promo links on Amazon.com to find something you want at a discount. Click on the link and the promo code will be automatically applied to anything you place in your cart. Grocery 15% off Chef Shamy butter. Available now through 1/5, while supplies last. Health and Personal Care 20% off ...

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Where Does the Federal Government Get All That Money?

Did you know that the U.S. federal government collects more than $3 trillion in taxes each year? Where does all that money come from? Find out in this short video. Transcript Every year the U.S. federal government collects more than $3 trillion in taxes, and almost half of that comes from you and me, the individual income taxpayers. These are ...

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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 ...

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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 ...

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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 ...

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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 ...

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