– The major U.S. index futures are pointing to a modestly lower opening on Friday, as the positive mood ushered in by a series of debt auctions by eurozone nations this week is being marred by insipid domestic developments. Financial giant JP Morgan Chase (JPM) reported fourth quarter profits that declined from a year-ago, as [...]
Recently a reader e-mailed me with the following question: I definitely do want to open a Roth IRA as soon as possible because I hear its typically better than the Traditional IRA. However, Im not certain whether one should be putting money way in ones 401K or Roth. As you can tell, Im not that [...]
The list of ills still weighing down the U.S. economy is long. Employers have retrenched since 2007, and the nation’s unemployment rate is at 8.6%, 30 months after the recession officially ended. Wage gains are paltry for anxious workplace survivors. Income inequality has widened dramatically in a nation where equality of opportunity ranks among the [...]
Today the Federal Reserve announced that it would not be making any changes to its current monetary policy because its officials saw key indicators of a recovery in the economy. Major indices responded by falling, as investors had hoped for a more expansionary policy to be announced. November retail sales data provided some positive news, [...]
– The major U.S. index futures are pointing to a modestly higher opening on Friday, with sentiment receiving a lift from the fact that the EU nations have agreed to boost funding to the IMF by 200 billion euros. Additionally, most euro area leaders have also agreed to adopt stricter deficit control mechanism. That said, [...]
Banks are robbing us blind. As we mentioned last week in our article about how to order checks online, ordering check refills from your bank can be a costly mistake. All banks do is pass the order off to another company, and then mark up the costs to consumers. Instead, there are several websites that [...]
An economy that cant find its footing. Unemployment still near 10%. Roller-coaster markets. Dysfunctional government. Staggering debt at home, and a debt crisis abroad. What else can go wrong? Actually, were here to remind you of a few things that are going right, 12 to be exact, as the holiday season begins and 2012 beckons. [...]
The market started the day trading slightly low or even flat, but slumped at the very end of the day after Fitch Ratings released a concerning report on the United States’ exposure to the European debt crisis. The Dow Jones slipped 190 points, and the Nasdaq los 47. Multiple banks/financial companies announced layoffs today, including [...]