Financial news

Stocks Primed for a Devastating, 1930’s Style Collapse

A stock market crash appears imminent. A number of renowned economists and even a few well-known investors are warning the industry that a crash is on the horizon. With sales and earnings rolling over sharply, the markets are on shaky ground since earnings drive stocks. Economist Andrew Smithers said, “U.S. stocks are now about 80

Stocks Heading for a Major Crash – Why the Smart Money is Getting Out

A stock market crash appears imminent. A number of renowned economists and even a few well-known investors are warning the industry that a crash is on the horizon. With sales and earnings rolling over sharply, the markets are on shaky ground since earnings drive stocks. Economist Andrew Smithers said, “U.S. stocks are now about 80

Is America Plunging into a New Recession?

If you followed the financial news in January, you already know that 2016 started with a weak global economy. In the United States, Janet Yellen and the Fed raised interest rates in an effort to encourage saving and reduce bond prices. While Yellen clearly had good intentions with this decision, the increased interest rates discouraged

Stocks Continue Rally – Can it Last?

With the Federal Reserve keeping interest rates low and Janet Yellen expressing fears about a rising dollar having negative effects on exports, Wall Street’s attitude remains bullish. The recent stock market rally is reaching a new high for the year. Can it last? There are industry experts predicting that it can as long as the

Oil Prices Rise on Yellen’s Dovish Policies

Markets around the world took notice when Janet Yellen used a dovish tone this week while discussing policy changes that included increasing interest rates. She said, “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy.” Ms. Yellen did not provide details about when she expects

Consumers Who Need Debt Relief May Find a Better Bank

Banks and debt In an effort to find new customers, banks are aiming to help with a big public concern: debt relief. TD Bank, located on the East Coast, hosted a free pizza night for potential customers. Citizens Bank has promised to give new customers $1,000 if they are saving for their children’s college fund.

Consumer lending still slow to recover from recession

Consumer lending — loans lent to individuals — has been slow to recover from a two-year lull. Loans such as mortgages, auto loans, home equity lines of credit and personal loans aren’t impossible to get but are harder to get approved for. Banks are loathe to repeat mistakes that made them run for government cover.
Waiting for the world's economy to recover.

Best and Worst Cities for Consumers Seeking Debt Relief

Economic recovery Analysts are showing that some cities are closer to economic recovery than others, offering quicker debt relief to their populations. Overall, economists were anticipating national recovery to begin as early as summer of 2009, but definitely by the end of the year. They are noting some cities poised on recovery, while others are
two men dressed like blues brothers holding a sign

Lobbyists fight to weaken new mortgage rules in financial reform

The U.S. House and Senate will start on refining mortgage legislation Tuesday. The legislation would enforce the biggest overhaul to mortgage lending rules in decades. The mortgage legislation, part of the financial reform bill, is intended to end the risky lending practices blamed for causing the financial crisis. Mortgage industry lobbyists are working overtime to
Time Warner

$16 million cable bill quickly reversed by Time Warner

Computerized billing systems are advertised as a way to make life easier. A $16 million cable bill is the latest in a long string of accidental overcharges that call that into question. While Time Warner has already reversed the bill, the incident reveals the danger of putting your finances on autopilot. The $16 million cable
idenity theft, victime or perpetrator?

Identity thieves see job seekers, children as lucrative targets

Identity theft is one of the fastest growing crimes in America. Nearly 11 million credit card holders each year are victims of identity theft. While everyone is vulnerable, trends show that identity thieves are increasingly targeting children and job seekers. Ingenious identity theft scams Victims of identity theft in the U.S. lost an average of
Street sign for Wall Street and Broadway in New York

Calix, MaxLinear, First Interstate | Three IPOs doing well today

The initial public offering of a company is usually a very closely and carefully watched event. Today, three separate company IPOs have gone very well. Calix Networks, MaxLinear and First Interstate BancSystem have all shown better-than-expected stock earnings. Calix and MaxLinear are both companies focused on internet infrastructure and are doing very well on the

Graduates are using Installment Loans to Fund Mishaps

The college student of 2010 Many college graduates are using installment loans to make ends meet. Angela Trummell, college graduate in 2010, said, “A lot of my friends are planning on going back home because they can’t afford post-college life. I really don’t want to do that.” Trummell is like a lot of students. They
tax forms

Facts about extending the Bush tax cuts and the Obama tax plan

The Bush tax cuts are scheduled to expire Dec. 31. The Obama tax plan would extend for two years the Bush tax cuts for everyone except those who make at least $200,000 a year. Republicans say raising taxes on the rich will stifle economic recovery. Obama says he can’t reduce the deficit and offer tax

Pandora files for $100 million IPO

Pandora is an online music service that claims about half of the online radio market. Pandora Media Inc., has filed its initial prospectus with the Securities and Exchange Commission. This is the first step toward a Pandora IPO expected to raise about $100 million. Pandora IPO filing The initial filing with the Securities and Exchange

Installment Loans For Bad Credit

Some things are a matter of opinion but the benefits of installment loans for people with bad credit are unquestionable. It is inevitable that people will need an installment-loan from time to time. It is especially likely that people with bad credit will need a short term loan sooner or later. With credit so tight
rising oil prices

Rising gas prices could be a setback to recovering U.S. economy

U.S. gas prices were 6 cents per gallon higher on average than the night before when Americans awoke Friday morning. Since Sunday, U.S. gas prices have spiked 12 cents per gallon, and the trend is expected to continue. Economists warn that an oil price shock could be a major setback to the U.S. economy. How