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.
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Charles Schwab Reportedly Eying Purchase of TD Ameritrade
The discount brokerage industry as we know it is rapidly changing. Not only have FinTechs like Robinhood and others disrupted the market but, more recently, several well-established firms made some major changes of their own. Now another big evolution could be in the works as CNBC reports that Charles Schwab is in talks to purchase…
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Redfin Finds New Home Sales Up, Prices Down in Q3 2019
As the Fed continues to cut interest rates little by little, there’s been a renewed interest in what’s happening with the housing market of late. Luckily the real estate site Redfin has just released their home sales report for the third quarter of 2019. First up, Redfin’s data show new home sales increasing by 5.6%…
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IRS Increases Standard Deduction, Tax Bracket Incomes for 2020
Everyone knows that tax season doesn’t really get underway until at least February as citizens scramble to complete their returns before April. However, with the end of the calendar year just ahead, the Internal Revenue Services — better known by the simple initials IRS — is already talking taxes. This week the agency officially revealed…
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Grocery Chain Reverses Swipe Fee-Related Visa Card Ban
After months of turning away Visa cards at their Foods Co. and Smith’s locations in several states, the chains’ parent company Kroger has announced that Visa will once again be accepted at all of its stores. Although a spokesperson for the company confirmed the news to Business Insider, they declined to comment on the reason…
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Study Ranks States Best-Equipped to Weather a Recession
If you’ve been paying any attention to financial news over the past several months, you’ve undoubtedly heard talk about a potential recession on the horizon. With the United States currently in its longest-ever period of economic expansion, it’s only logical to speculate on when our good fortunes might taper off. But, if a recession were…
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Politics, Trade Plague the Markets Once Again
After an up and down week, Friday is proving to be a volatile day on the markets once again. Per usual the reasons behind the rocky ride are numerous, although in this case they can mostly be narrowed down to two things: political and trade threats. In fact those two could be combined as simply…
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Dow, S&P 500 Rebound to Near Record Highs
For investors, August 2019 proved to be a roller coaster of a month. Following several erratic swings, both the Dow Jones Industrial Average and S&P 500 closed down from where they began on August 1, making for the second-worst month so far this year. With history suggesting that September is typically the worst month for…
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ADP Report Shows 195,000 Payrolls Added in August
Although fears of a recession have been in discussion for the better part of a year or more, that talk has heated up in recent weeks. From trade wars to inverted curves, there have been reasons to worry, leading The New York Federal Reserve to peg the chances that a recession hits in the next…
