February 13th, 2012 
Tushar Mathur University of Michigan /The Thomson Reuters overall index of consumer sentiment reflected households’ anxiety over their finances. It fell to 72.5 in early February, from 75.0 in January. It was the first drop in six months.
The fade in morale comes in the face of the recent run of comparatively strong data, including solid job growth and manufacturing activity.
February 10th, 2012 Tushar Mathur Five U.S banks agreed to a $ 25 billion government settlement. This deal between the government and the banks accused of abusive mortgage practice may help a million borrowers. The result is a record state-federal settlement that will deliver wide, but not deep, relief to U.S. homeowners.
February 8th, 2012 Tushar Mathur According to Labor Department’s Job Openings and Labor Turnover Survey, there were 3.4 million available jobs at the end of December, up from 3.1 million in November.
The number of jobs open in November was revised slightly downward from an initially reported 3.2 million.
Monthly job openings – unfilled, posted vacancies that employers plan to fill within 30 days – help describe demand for labor.
December 15th, 2011 Aloysa On Wednesday Reuters reported that oil fell more than 4 percent. This indicates the biggest drop in over two months.
In London, ICE Brent crude for January delivery settled at $105.02 a barrel. This price is $4.48 (or 4.09 percent ) less than it was in the beginning of October.
December 8th, 2011 Aloysa European nations are supposed to vote this Friday on an agreement that was worked out between Germany and France. The agreement hopefully will tighten fiscal controls for Euro zone countries. Hopes that the Euro zone will figure out long-lasting solutions to its sovereign crisis prevailed on Wednesday, inspiring more buying and pushing stocks to a close at … mixed gains and losses.
December 5th, 2011 Aloysa The U.S. jobless rate dropped to a 2.5 year low at 8.6 percent. This drop in unemployment supported the view that the U.S. economy most likely will avoid another recession. Some analysts said that the drop in the unemployment rate might be evidence that the recovery is, finally, gaining momentum.
The U.S.
December 1st, 2011 Aloysa One of the biggest U.S. carriers, American Airlines, and its parent AMR Corp, filed for bankruptcy protection (Chapter 11) on Tuesday. The airline claimed that this declaration was necessary in order to cut labor costs in the face of high fuel prices and dampened travel demand.
November 24th, 2011 Aloysa Groupon made its initial public offering earlier this month quite successfully: investors could not get enough if its stock. Groupon shares were so popular that its stock surged as much as 50 percent in its very first day of trade. This Wednesday, however, Groupon’s stock slipped.
November 21st, 2011 Aloysa On Sunday, the U.S. Debt Committee members blamed each other for the gridlock that undermined the committee’s attempts to cut the deficit by at least $1.2 trillion over the next ten years. The committee that was created last summer during the battle over the debt ceiling consists of six Republicans and six Democrats.
November 14th, 2011 Aloysa The U.S. markets might be influenced (again) by European turmoil.
Borrowing rates are going up, the solvency of European banks are going down as the sovereign crisis deepens in Europe. On Saturday, the big news was the resignation of Silvio Berlusconi, the Italian Prime Minister.
Comments Off November 10th, 2011 Aloysa Home prices are still falling. A new report on home prices, that just came out this week, indicates that the more those prices fall, the more American home owners fall into negative equity. It means that those home owners are unable to sell their property for enough to pay their real estate agent and put a down payment on a new property without digging into their savings.
October 6th, 2011 Michael German We live in a world where bad deeds often go unpunished. However, in the MasterCard Universe (Visa, Discover and American Express, too), cardholders deemed guilty of irresponsible repayment behavior by their card issuer are penalized – usually heavily – by a spike in their APR.
October 5th, 2011 Michael German If your mailbox is stuffed full of credit card offers, you may be contemplating opening one of them up. After sifting through all the junk credit offers, you might actually find a diamond in the rough. Because of the economy, credit card issuers are going to town when it comes to credit card marketing and advertising, and our mailboxes, trash cans, and recycle bins are feeling the weight.
September 30th, 2011 Michael German Across the globe, 85% of retail transactions currently are made by means of cash or check, reports American Banker website. MasterCard sees that number as an opportunity, according to President and Chief Executive Ajay Banga, as it provides a big audience for them to target.
September 28th, 2011 Michael German Jerry and Sue Bailey, residents of Jackson, MI, accomplished the tremendous feat of paying off 92 thousand dollars worth of credit card debt. This debt they had begun amassing in 1992 and lasted all the way until 2005. Their debts spanned over 17 different credit cards.
September 23rd, 2011 Michael German The American economy is all topsy-turvy right now. Just this week, the Federal Reserve announced that it will keep long-term interest rates at a record low. Short term rates are already at record lows and they will continue to stay that way until the middle of 2013.
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