Financial News for the Week of July 31, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded…
COVID Forcing Some Colleges to Close Forever
COVID Forcing Some Colleges to Close Forever College savings tips – because the costs of college are not going down As if the country needed another divisive topic, the debate about reopening schools this fall is splitting communities, educators and…
8 Exit Strategies for Business Owners
8 Exit Strategies for Business Owners Are you a business owner thinking about exiting your company? Which exit strategy will benefit you most? It’s a tough move to undo, and you should know the pluses and minuses going in. While the number of exit…
Financial News for the Week of July 24, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK A tug of war between encouraging vaccine news and hopes of new economic stimulus, and early indications that the recovery might be stalling, is fueling financial market volatility. Jobless claims rose to 1.42…
Financial News for the Week of July 17, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Despite the continued surge in new infections in the U.S., financial markets were on the upswing this week on positive economic data and encouraging news on a vaccine. Internationally, the Chinese economy…
Financial News for the Week of January 24, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Markets were focused on the progress of the new coronavirus in China, with few economic headlines in the U.S.. It is still early days, but it is likely the important efforts to contain the disease will crimp…
Financial News for the Week of January 17, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and soft inflation. The phase one trade deal was formally…
Financial News for the Week of January 10, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The U.S. economy continued to churn out jobs at a solid pace. Non-farm employment grew by 1.6% over 2019, marking only a slight deceleration from the 1.7% recorded in 2018. The services side of the economy also…
Financial News for the Week of January 3, 2020
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK It was a relatively light week on economic data. The merchandise trade deficit narrowed in November, suggesting some upside risk to real GDP growth in the fourth quarter. Still, activity in the manufacturing…
Financial News for the Week of December 20, 2019
FINANCIAL NEWS HIGHLIGHTS OF THE WEEK The House’s impeachment of President Trump did little to detract from broader economic optimism. U.S. equity markets reached new highs this week. Housing and consumer spending data released this week confirmed…