Big Box Retailers Move to Your Digital Wallet
With the increasing popularity of smartphones, it’s no surprise that many big box retailers are joining up to offer new payment methods.
Weekly US Jobless Claims Down 12,000
The U.S. DOL jobless claims report shows that fewer people applied for unemployment benefits for the week ending June 2.
June 6, Beige Book Report by the Federal Reserve Claims Modest, Sustained Growth
A moderate rate of growth was recorded for the US economy during April and late May 2012 according to the Federal Reserve’s “Beige Book.”
Redbook Report Shows Retail Sales Strong
The latest release of the Redbook Research shows that sales for the week ending June 2nd are up 3.1% from the same period one year ago.
CFPB Holds Financial Services Firms Accountable for Contractors’ Violations
Under the oversight of the CFPB, financial services institutions are barred from engaging in deceptive or abusive practices toward consumers.
Discriminatory Lending Practices Targeted by CFPB
The CFPB has the responsibility of acting as consumer watchdog for financial markets and will focus on discriminatory lending practices.
Consumer Financial Protection Bureau Investigates Arbitration Clauses for Financial Services
Financial services companies prefer the use of arbitration clauses for financial services because of speed, lower cost and fairness.
Consumer Confidence Drops Sharply in May
The drop in consumer confidence is surprising given last Friday the expectations for an improving economy were at their highest since 2007.
Consumer Sentiment at the Highest Since October 2007
The Consumer Sentiment report from Reuters/ University of Michigan shows yet another increase in consumer confidence.
April New Home Sales Up, Prices Show Slight Increase
According to the latest Commerce Department figures, new home sales rose 3.3% in April, for a seasonal adjusted annual rate of 343,000 units
April Home Sales and Median Home Prices Increase
Data released by the National Association of Realtors (NAR) shows that April home sales increased to an annual rate of 3.4 percent.
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Most Recent
Jobless Claims Record Slight Decline, U.S. Firms Watching Europe Debt Crisis
American workers filed 6,000 fewer jobless claims in the week ending June 23, according to the U.S. Labor Department.
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First Quarter 2012 GDP Rose 1.9 Percent
Due to the economic sluggishness seen in the first quarter 2012 GDP, economists think the Fed will move to stimulate economic growth.
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Case-Shiller Home Price Index Shows Home Prices Rise in Most Cities
The Case-Shiller Home Price Index reveals home prices increased an average of 1.3% on an unadjusted basis from March to April.
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Consumer Confidence Drops for the Fourth Straight Month
The Consumer Conference Board’s report on consumer confidence index shows that confidence is down in June.
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May 2012 New Home Sales Sail to Surprising Heights Gaining 7.3%
The US got some good news on the first Monday of summer – new home sales rose 7.3 percent to levels not attained since April, 2010.
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Fed Changes Employment Outlook for 2012
The employment outlook appears stagnant for the near-term.
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