The continued price slide of oil and gasoline is sure to delight consumers as prices at the pump remain low. However, although your personal finances benefit from the money you save on gasoline, the expected jolt to business investment has been underwhelming and continues to weaken. What's more,...
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If you invest in junk bonds, you are probably not a happy camper right now. Junk bonds are high-yielding, sub-investment grade bonds that are perennial favorites of income-oriented investors. However, 2015 has been a bad year and seems to be getting work. One prominent junk-bond, Third Avenue...
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The Federal Reserve reported on Thursday that household wealth in the United States fell $1.23 trillion in the third quarter of 2015, down 1.4% from the previous quarter, the sharpest drop in 4 years. The study assesses total household wealth in the US, so it's impossible to know if the drop was...
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The holiday shopping season is off to a good start, according to a consumer spending report released by the Commerce Department. Retail sales excluding cars, gas, building materials and food services, the core retail sales category, increased 0.6% in November after a modest 0.2% increase in...
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It can be extremely tempting to spend beyond your means during the holiday season. After all, the season of giving inspires us all to give gifts that will make the season merry and bright for those we love. The onslaught of huge sales and must-have items during the holiday season also contributes...
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This week all mortgage rates have increased simultaneously, with 1-year rates reaching the highest we've seen in over a year. This increase occurs just after an increase in mortgage applications that took place one week ago. Here is a brief summary of the changes in mortgage rates between the last...
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Americans are more obsessed and more distracted by their mobile devices than ever, according to the fifth annual Global Mobile Consumer Survey released today by Deloitte. In total, Americans look at their mobile devices 8 billion times per day. Nearly half of all smartphone users say they check...
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Millennials overtook Generation X as the largest share of the American workforce this year, and are on track to become the country's largest living generation. They may also become the most self-employed generation in the nation's history, according to a survey released today by the online...
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