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Another Drop In Unemployment ClaimsBy: deplorable_13 commentsbloomberg.com: Robinhood Users Say Accounts Were Looted, No One To CallBy: alan18 commentsUnemployment Rate Drops To 7.9%By: deplorable_13 commentsA New GDP All Time Record!By: deplorable_14 comments

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Posted by: deplorable_1  |   5 votes  |  4 Comments

Just some more "unexpected" numbers. Looks like a V shaped recovery to me.

Posted by: br1168  |   1 vote  |  Comment

This year's holiday sales are expected to rise between 1% and 1.5%, according to Deloitte. Will holiday spending rise in your life? If there is ever a season of read more

Posted by: RickZ  |   4 votes  |  5 Comments

Beam Financial attracted customers with promises of higher interest rates on their savings. But after their mobile app temporarily went down in September, and amid read more

Posted by: alan1  |   7 votes  |  5 Comments

Excerpts In the pandemic, people have flocked to instant payment apps like Cash App, PayPal's Venmo and Zelle as they have wanted to avoid retail bank branches read more

Posted by: Ally6770  |   3 votes  |  6 Comments

Our new analysis shows that foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. read more

Posted by: deplorable_1  |   13 votes  |  3 Comments

Once again we have more "unexpected" numbers and note the last 2 reports were revised downward as well. I'm no economist But I predict if we open everything back up read more

Posted by: alan1  |   1 vote  |  Comment

Opening of talk delivered to Society of Professional Economists Annual Online Conference, Oct. 21 "I want to express my appreciation to Kevin Daly for inviting me read more

Posted by: NYCDoug  |   28 votes  |  12 Comments

First, to be clear, we think it is a fallacy to argue that people fit into neat and tidy categories like borrowers, savers, investors, consumers, etc. Most people read more

Posted by: alan1  |   19 votes  |  8 Comments

It took Soraya Bagheri a day to learn that 450 shares of Moderna, Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. read more

Posted by: NYCDoug  |   1 vote  |  1 Comment

Gold is often cited as having a negative correlation with stocks and a positive correlation with inflation, making it sound like an excellent diversifying asset to read more

Posted by: deplorable_1  |   23 votes  |  3 Comments

The media is working overtime to spin this as bad news but 7.9% in the middle of this pandemic is pretty darn good IMHO.

Posted by: me1004  |   3 votes  |  2 Comments

The US Senate is about to consider Trump's controversial nominee to the Federal Reserve Board: Judy Shelton. Op-ed in the Los Angeles Times notes she has lobbied read more

Posted by: NYCDoug  |   3 votes  |  3 Comments

But there's a catch, as you might expect. Cadre Cash is only open to those who invest in the real estate platform. And you need to plunk down at least $50,000 to read more

Posted by: alan1  |   20 votes  |  Comment

Are high-yield checking accounts an option? You could consider a high-yield or “rewards” checking account if you qualify and have less than $20,000 to put to read more

Posted by: deplorable_1  |   3 votes  |  Comment

It looks to me like lower and middle class American's were finally starting to get their piece of the American dream and then we got hit with the virus and it shut read more

Posted by: deplorable_1  |   3 votes  |  3 Comments

We are recovering albeit slowly due to the covid lock downs more than anything else. We should be back to normal with only slightly elevated unemployment numbers as read more

Posted by: NYCDoug  |   23 votes  |  Comment

The Federal Reserve held interest rates steady Wednesday in a bid to keep throwing out all of the stops against the coronavirus crisis as the U.S. economy works on read more

Posted by: garyh1961  |   3 votes  |  Comment

The Federal Reserve is expected to signal on Wednesday that its interest-rate policy will remain unchanged and close to zero through the end of 2023. For the first read more

Posted by: garyh1961  |   3 votes  |  Comment

Federal Reserve officials will link interest-rate increases to inflation outcomes when they provide more guidance on the future path of monetary policy, economists read more

Posted by: br1168  |   1 vote  |  1 Comment

Since the Federal Reserve’s emergency rate cut in March, homeowners everywhere have been wondering if now is the time to refinance. Learn more.

Posted by: RickZ  |   5 votes  |  Comment

Interesting article about a recent Deutsche Bank research note.  Although only Deutsche Bank clients can access the research note, the summary in the read more

Posted by: alan1  |   24 votes  |  Comment

Sept. 4, 2020 Transcript is at Transcript: NPR's Full Interview With Fed Chairman Jerome Powell : NPR Related article about interview. "Fed's Jerome Powell: read more

Posted by: garyh1961  |   3 votes  |  3 Comments

Federal Reserve Chairman Jerome Powell admitted last week at the "virtual" Jackson Hole symposium that the Fed has undershot its 2% annual inflation target read more

Posted by: br1168  |   25 votes  |  3 Comments

Since the Coronavirus (COVID-19) pandemic started to affect the American economy in March, the stock market has been fluctuating along with the news headlines. For read more

Posted by: TheShadow  |   4 votes  |  2 Comments

Announcement was made yesterday. Excerpt from the link above: One of the nation’s largest credit unions is about to get bigger. Members of the $278 read more

Posted by: Ally6770  |   9 votes  |  15 Comments

The initiative marks the first update of the framework, which the Fed established in 2012 and set a goal of maximum employment and 2% inflation.

Posted by: deplorable_1  |   27 votes  |  5 Comments

I have always thought that inflation is much higher than what is being reported based on how the CPI is calculated. The price of food has definitely gone way up read more

Posted by: enduser  |   3 votes  |  2 Comments

The rich hope to stay that way weeks removed from a highly uncertain presidential election. And they are hoarding cash as part of that effort. Tiger 21, a read more

Posted by: alan1  |   4 votes  |  2 Comments

from American Banker, Aug. 26, 2020 Navy Federal Credit Union in Vienna, Va., hired John Collins as its chief financial officer. Collins spent 20 years with read more

Posted by: Ally6770  |   4 votes  |  8 Comments

He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level.

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