The much anticipated jobs report for August came out today and the results marked another set of disappointing figures. Payrolls grew just 151,000 compared with expectations for 180,000. Job quality was also weak and salary growth slowed, and if it wasn't for a government hiring spree, the news would...
What a wild & volatile roller-coaster ride, the last five days on the stock market has been. Last Friday the Dow plummeted almost 400 points. On Monday the blue chip index rose 240 points; Then on Tuesday the Dow dumped 258 points. After a drop of 32 points on...
Up and down, up and down.
If you didn't have the stomach for undulating turns on the stock market then this week might have prompted you to get off of the Wall Street ride. Volatility was the name of the game this week with large up & down swings, but...
Fed Chair Janet Yellen and the F.O.M.C. decided at their September meeting to leave the federal funds interest rate alone at between .25%-.50% but left open the chance of an increase before the end of the year, possibly December. This decision by the Fed committee had a positive affect...
It's widely known that Wells Fargo is a big bank. How big? With over $1.9 trillion dollars in assets, Wells Fargo has 8,600 stores and offices in all 50 states and over 13,000 ATMs. It has more stores and serves more communities than any other U.S. bank. At the...
PHILADELPHIA - Phil Cannella and Crash Proof Retirement announced that Philadelphia icon Richard Sprague has decided to represent them as plaintiffs against the Philadelphia Inquirer.
Mr. Sprague is well known for taking and winning cases that involve defamation against good, quality businesses.
Among many others, Mr. Sprague has represented famed trial...
Investopedia defines a stock market bull market as:
“A financial market of a group of securities in which prices are rising or are expected to rise. Bull markets are characterized by optimism, investor confidence and expectations that strong results should continue.”
The current bull market on Wall Street is now over...
South
Carolina State Senator Luke Rankin has pre-filed a bill that would require high
school students to take at least one half-credit personal finance course and
pass a test demonstrating their mastery of that knowledge. Students failing to meet this requirement
would fail to graduate. While this bill
is currently a long...
Is Deutsche Bank Doomed?
Germany’s Deutsche Bank is the world’s 15th
largest bank by total assets. Headed by CEO Christian Sewing, it is Germany’s
largest banking institution and is part of the German DAX stock market index.
The DAX is made up of 30 blue-chip German companies...
While Federal Reserve Chairman Jerome Powell believes the U.S. economy is in good shape heading into the 2019 holiday season, top Wall Street firms beg to differ. Powell cited a strong labor market and consistent consumer spending as signs of a healthy economy, although the Fed’s move...
