The last week of 2018 was a wild one on Wall Street. Following the worst Christmas Eve on record — which saw indexes fall to their lowest point of the year — Boxing Day brought a rally that resulted in the largest single-day point gain in the history of the...
In 2018 Americans spent more than $850 billion during the holiday shopping season. That spending level not only rose 5.1% from 2017 but also made it the highest total in six years. Now, according to a new survey by the personal finance site WalletHub, more than one-third of shoppers say they...
As you're surely aware the United States federal government is currently involved in a partial shutdown. While such shutdowns have become fairly common in recent years, the latest seems a bit different in that its now past the two-week mark with no end in sight. This led the personal finance...
The U.S. stock markets managed to end the year with a rollercoaster run, leading to a winter flurry of headlines. Following the worst Christmas Eve trading session ever — that resulted in the Dow Jones Industrial Average losing more than 650 points and brought the S&P 500 into a bear...
It seems as though many retailers have reason to celebrate about now as a new report indicates that the 2018 holiday shopping season was the strongest in years. According to a MasterCard report, this year's sales (measured from November 1st to December 24th) were up 5.1% over 2017 and managed...
It has not been a good month for the stock market. In fact, as CNN Business reports, last week marked the worst week of trading since 2008 and the markets look to be on their way to the worst December since the Great Depression (yes, "Depression" — not "Recession"). Meanwhile the...
Today, as expected, the Federal Open Market Committee voted to raise interest rates by 0.25%, bringing the new benchmark interest rate to a range of 2.25%-2.5%. This is the fourth time the Federal Reserve has increased rates this year as bankers voted unanimously with Chairman Jerome Powell to make the adjustment. Of...
The past few weeks have not been too kind to the markets. In fact, after months of gains, the S&P 500 is now down 3% for the year thanks to several rounds of sell-offs. While that overall correction is modest, it's a different story for many of the companies included in...