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.
Economic News
U.S. Economy Adds 266,000 Jobs in November
by Fioney Staff
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... Economic News
Charles Schwab Reportedly Eying Purchase of TD Ameritrade
by Fioney Staff
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... Economic News
Redfin Finds New Home Sales Up, Prices Down in Q3 2019
by Fioney Staff
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.... Economic News
IRS Increases Standard Deduction, Tax Bracket Incomes for 2020
by Fioney Staff
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... Economic News
Grocery Chain Reverses Swipe Fee-Related Visa Card Ban
by Fioney Staff
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... Economic News
Study Ranks States Best-Equipped to Weather a Recession
by Fioney Staff
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?... Economic News
Politics, Trade Plague the Markets Once Again
by Fioney Staff
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...