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U.S. Consumers Added $16 Billion to Their Credit Card Debt in Q3 2018

While the 2018 holiday shopping season only began a couple of weeks ago, it looks like Americans have already been racking up debt well before the Black Friday kick off. According to a new report by WalletHub, consumers added $16 billion to the total credit debt between June and October...

U.S. Mover Rates Continue to Fall Despite Strong Economy

These days, Americans aren't moving homes as much as they used to. More accurately, this statement extends back to the 1980s, with the mobility rate trending downwards since the middle of that decade. Now new data from the Census Bureau (as reported by Axios) shows the percentage of movers falling...

President Trump Reportedly "Pleased" with Powell's Recent Rate Speech

Even before taking office, President Donald Trump had broken from tradition set by past presidents and taken aim at the Federal Reserve. More specifically Trump has repeatedly voiced his disdain for the Fed's recent rate increases, even suggesting that the agency was "going loco." However, following a speech by Fed Chairman...

Realtor.com Expects Tough 2019 for First-Time Homebuyers 2

As 2019 approaches, it seems that the new year will bring tougher times for both homebuyers and sellers. That prognostication comes from Realtor.com, which just released its 2019 Housing Forecast. With mortgage rates and home prices expected to continue rising, those looking to buy or sell a home in the...

Morgan Stanley Analyst Declares the Bear Market Has Begun 2

Anyone keeping an eye on the stock market over the past week or two is surely seeing red — literally. Following a series of selloffs, the markets have given back all of their 2018 gains so far. Additionally the Nasdaq has been struggling as big tech stocks like Apple, Amazon,...

Dow Drops 600+ Points, Tech Sector Leads Losses

Just under a week ago the markets saw sharp increases after midterms elections resulted in a split congress. However other news has dampened that party, leading the Dow Jones Industrial Average to lose as much as 600 points during today's trading session. While there are many factors fueling the sell-off,...

Markets Up After Midterms Result in Divided Congress

Everyone knows Gordon Gekko's mantra in Oliver Stone's Wall Street: "Greed is good." Well, on the real Wall Street this morning, it seems the motto is "gridlock is good." After a midterm election evening that saw the House of Representatives flip to Democratic control while Republicans improved their standing in the Senate,...

U.S. Economy Adds 250k Jobs in October, Wages Grow YOY

Despite a well reported hiring crunch and the President railing against the Federal Reserve for raising interest rates, October proved to be another strong month for job growth. This morning the Labor Department announced that the U.S. economy added 250,000 jobs last month. That figure comes in a bit higher...