Economic News Archives - Page 18 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.

Finnish flag

Finland's UBI Experiment Nets Happier Residents But No Extra Jobs

In recent years the concept known as universal basic income has gained steam as a potential alternative to the existing welfare state and/or a necessary preparation for upcoming changes to the economy. While economists and think tanks of many policial stripes have floated their own ideas and theories for what such a program would look like and what it would accomplish, there have only been a handful of real-world deployments...

Job Report Exceeds Expectations, Reaches Historic Milestone

It was just yesterday that economists and observers were offering their best guesses for what promised to be an interesting jobs report. Complicated by the longest partial government shutdown in history, expectations had pegged the number of payrolls being added at 165,000. In actuality the report released by the Labor Department shows that the economy added upwards of 300,000 — reaching a notable milestone in the process. As CNBC reports,...
graph of the January 2019 jobs report

Now-Ended Partial Government Shutdown to Complicate Jobs Report

On Friday, the Labor Department will release its monthly jobs report for the first month of the year. While the figures it will contain are expected to be solid, the partial government shutdown that was in place for much of January will lead to a very interesting report overall. For example CNN notes that the 800,000 federal workers affected by the shutdown — either being furloughed or forced to work...

Morgan Stanley Advises Investors to "Embrace" Potential Recession

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 Dow. Since all that madness the markets have been relatively calm but, as CNN Business reports, a Morgan Stanley analyst...

Survey Finds 37% of Americans Overspent This Holiday Season

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 actually overspent this past holiday. WalletHub's study found that 37% of respondents felt they overspent during the 2018 holiday season....

Which States are Most Affected by Government Shutdowns?

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 site WalletHub to study which states are the most and least impacted by the federal government shutdown. Easily topping WalletHub's study...

U.S. Stock Markets Close Worst Year in a Decade

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 market — the post-Christmas trading day brought a largest single-day point gain in history. Since then stocks have continued to...
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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...