The dollar was up again but oil was down, and so followed the markets today. Consumer confidence continues to rise slowly which fuels the fire of another possible rate hike by the Fed.
Eric Chemi wrote an interesting piece for CNBC today with the headline:
"A Market Adrift, Tied To Nothing,...
The last trading day of August had many investors pondering what September will bring to Wall Street. The markets have been well known to suffer in Septembers of the past. In fact its historically proven that the stock market has had its worst performances during the month of September....
On the first trading day of September some discouraging news on manufacturing in the U.S. led to some nervous movements by investors. The ISM (Institute for Supply Management) manufacturing survey fell to 49.4 in August when it was expected at 52. Any reading below 50 is a sign of...
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...
Today President Donald Trump followed through on another one of his campaign promises by signing an Executive Order designed to reduce the number government regulations and help American businesses. By signing the order Trump commands all federal agencies (starting in 2018) to create "regulatory reform" task forces which will evaluate...
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...
