Economic News Archives - Page 13 of 18

Category: Economic News

The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.

map of China

U.S. and China Reach "Phase One" Trade Deal

After more than a year of heightened tensions, back-and-forth tariffs, and plenty of near misses, it seems that the United States and The People's Republic of China have reached a preliminary trade deal. As a result both nations are calling off new rounds of tariffs that were set to go into effect. Additionally the U.S. has cut tariffs on some Chinese imports by half. Word of the deal was first...
Graph of US Unemployment

U.S. Economy Adds 266,000 Jobs in November

It may be hard to believe but we're already in the last month of the decade — a decade that's economically been defined by recovery and growth. Therefore it only seems appropriate that the last jobs report to be released in 2019 would once again show encouraging results. As Axios reports, the latest figures from the Bureau of Labor Statistics featured many pieces of good news. While experts surveyed by...
Charles Schwab and TD Ameritrade logos

Charles Schwab Reportedly Eying Purchase of TD Ameritrade

The discount brokerage industry as we know it is rapidly changing. Not only have FinTechs like Robinhood and others disrupted the market but, more recently, several well-established firms made some major changes of their own. Now another big evolution could be in the works as CNBC reports that Charles Schwab is in talks to purchase TD Ameritrade. If such a merger were to occur, the result would be a brokerage...
Median Price of New Constructions

Redfin Finds New Home Sales Up, Prices Down in Q3 2019

As the Fed continues to cut interest rates little by little, there's been a renewed interest in what's happening with the housing market of late. Luckily the real estate site Redfin has just released their home sales report for the third quarter of 2019. First up, Redfin's data show new home sales increasing by 5.6% in the third quarter of the year. This also marks the second consecutive quarterly increase....
tax returns

IRS Increases Standard Deduction, Tax Bracket Incomes for 2020

Everyone knows that tax season doesn't really get underway until at least February as citizens scramble to complete their returns before April. However, with the end of the calendar year just ahead, the Internal Revenue Services — better known by the simple initials IRS — is already talking taxes. This week the agency officially revealed changes for the 2020 tax year, including an increase to the standard deduction and adjustments...
Kroger brand logos

Grocery Chain Reverses Swipe Fee-Related Visa Card Ban

After months of turning away Visa cards at their Foods Co. and Smith's locations in several states, the chains' parent company Kroger has announced that Visa will once again be accepted at all of its stores. Although a spokesperson for the company confirmed the news to Business Insider, they declined to comment on the reason for the reversal. Previously the company accused Visa of charging "excessive" fees on transactions and...
Best States to Survive a Recession in 2020

Study Ranks States Best-Equipped to Weather a Recession

If you've been paying any attention to financial news over the past several months, you've undoubtedly heard talk about a potential recession on the horizon. With the United States currently in its longest-ever period of economic expansion, it's only logical to speculate on when our good fortunes might taper off. But, if a recession were to arrive in the next year, what parts of the U.S. would fare the best?...
White House

Politics, Trade Plague the Markets Once Again

After an up and down week, Friday is proving to be a volatile day on the markets once again. Per usual the reasons behind the rocky ride are numerous, although in this case they can mostly be narrowed down to two things: political and trade threats. In fact those two could be combined as simply "uncertainty" as the President faces a Congressional challenge and the trade front with China continues...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...