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...
Last week, The House of Representatives approved the JOBS Act to allow smaller companies to raise capital more easily and offer public stock offerings by relaxing filing requirements. But U.S. Securities and Exchange Commissioner Luis Aguilar echoed concerns of some Senate Democrats and SEC Chairman...
The Reuters/Ipsos telephone poll , taken March 8-11 on the heels of reports that 227,000 jobs were added to the U.S. economy in February, indicates that Obama’s rating has risen by 2 percentage points during the past month. The percentage of Americans who disapprove of the Democratic president...
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. This deal...
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 –...
The Association of British Insurers (ABI) has criticised the role of solicitors in fraudulent whiplash claims at the annual Motor Accident Solicitors Society (MAAS) conference. According to James Dalton, the assistant director of motor and liability at ABI, a fraudulent whiplash injury claim is sometimes...
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. NYMEX January crude...
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,...
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...
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. AMR what seems to be for...
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. Now its price is...
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...
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. Following his resignation,...
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...
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. “The best way to...

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...