Economy Archives - Page 2 of 5

Need Good Financial News? Number of New Bankruptcies Plunges

Financiarul September 4, 2015July 19, 2024Business, Economy, Financing, Investing Leave a comment

While the Dow Jones does its best impression of a roller coaster, some economists are hailing new data as a strong indicator of a healthy economy overall. Since 2011, the number of bankruptcies filed in the United States has been cut in half. The number of U.S. businesses filing for bankruptcy dropped by 50%, while the number of families and individuals dropped by 48%. In total, that means the number of bankruptcy cases plunged by 660,000 in just four years. … Continue reading “Need Good Financial News? Number of New Bankruptcies Plunges”

Want to Get Out of Debt? Sell Your Structured Settlement and Win One Battle Now

Financiarul August 26, 2015July 19, 2024Economy Leave a comment

Whether it’s a structured settlement, insurance annuity, or lottery winnings, selling these types of policies might be just what you need to begin your escape from the black hole of debt. This might seem counter-intuitive; why would you want to get rid of a guaranteed source of income for the foreseeable future if you are already clearly struggling? According to Newser.com, however, a new study from Texas AandM indicates this could be your best option. While the study does not … Continue reading “Want to Get Out of Debt? Sell Your Structured Settlement and Win One Battle Now”

After-Hours Trading Adding $40B Brings Amazon’s Market Value to Record Highs

Financiarul July 30, 2015July 19, 2024Business, Economy, Sales & Marketing Leave a comment

With the announcement of its second quarter earnings, Amazon didn’t just come out on top of its other cloud computing competitors; it spurred a Wall Street frenzy which resulted in Amazon Web Services (AWS) adding $40 billion during after-hours trading. The second quarter earnings of AWS cloud computing services were announced on July 23, according to Business Insider and Forbes, and reportedly saw revenues jump 81% to $1.8 billion, which was 16 points higher than Wall Street had initially predicted. … Continue reading “After-Hours Trading Adding $40B Brings Amazon’s Market Value to Record Highs”

Are Millennials Being Priced Out Of The American Dream?

Financiarul July 22, 2015July 19, 2024Economy, Investing Leave a comment

To rent, or not to rent? For many Millennials, that is definitely not the question. Many young Americans are more likely to ask, “To pay my student loans, or not?” Since the Postwar years of the 1950s, homeownership has always been part and parcel of the American Dream. But data from recent years suggests Millennials are increasingly ambivalent about the benefits of owning their own home. Now, conflicting data shows that Millennials prefer to rent… except when they don’t. In … Continue reading “Are Millennials Being Priced Out Of The American Dream?”

The Student Loan Crisis: Why One Government-Backed Tuition Program May Not Be Enough

Financiarul July 20, 2015July 19, 2024Economy, Headlines Leave a comment

Student loan debt: it’s the one part of college that can haunt you before you’ve even arrived on campus, and it remains your unwanted friend for long after you’ve graduated. Although plenty of Americans will argue that the student loan debt crisis reached its boiling point at least a few years ago, the government is finally attempting to curb the problem. As The Consumerist reports, the Obama Administration proposed back in January a piece of legislation that aims to make … Continue reading “The Student Loan Crisis: Why One Government-Backed Tuition Program May Not Be Enough”

J.P. Morgan’s ‘Zombie Debt’ Collection Practices Have Garnered a $136M Settlement

Financiarul July 17, 2015July 19, 2024Business, Economy, Headlines Leave a comment

There’s nothing that American consumers like better than to see a major Wall Street financial institution put in its place, and consumers certainly got some entertainment out of the latest court ruling that cracked down on J.P. Morgan Chase and Co., resulting in a $136 million settlement for abuses on credit and debit card collections. According to USA Today and the Wall Street Journal, state and federal authorities began investigating the banking conglomerate after discovering possible “legal violations in…. the … Continue reading “J.P. Morgan’s ‘Zombie Debt’ Collection Practices Have Garnered a $136M Settlement”

Commercial Mortgage-Backed Securities Not Performing Well, Experts Say

Financiarul July 17, 2015July 19, 2024Business, Economy, Investing Leave a comment

Despite an ostensibly strong showing in previous years, commercial mortgage-backed securities (CMBS) are starting to lose their strength. Sddt.com reports that after an incredible return of 11.4% to CMBS investors in 2014, a return better than several other investments such as junk bonds and treasuries, the first half of this year saw a dismal CMBS return. JPMorgan Chase and Co. and Barclays Plc index found the securities fell 1.84% in June, a dip that caught many investors off-guard. CMBS are … Continue reading “Commercial Mortgage-Backed Securities Not Performing Well, Experts Say”