Financial Services

admin July 10, 2018

It was another good quarter for Americans repaying their debts. The percentage of people who are delinquent on their debts — meaning they are 30 days or more overdue — hit 1.73% in the first quarter of 2018, up from 1.64% in the fourth quarter last year, but still below the 15-year average of 2.14%. […]

admin July 10, 2018

Women have made enormous strides working in occupations historically dominated by men, yet social norms in the U.S. continue to restrict women’s progress, particularly in finance. Female fund managers, financial planners, financial analysts, and financial managers are a small fraction, usually under 20%, of financial professionals. While many financial organizations recognize the need to advance […]

admin July 10, 2018

Getty Images/iStockphoto Things are looking up for earnings. Strategists at Bank of America Merrill Lynch on Monday raised their 2018 and 2019 S&P 500 earnings forecasts, joining market observers who remain optimistic even as the drumbeat of a trade war echoes in the distance. Equity and quant strategist Jill Carey Hall and her colleagues […]

admin July 9, 2018

Getty Images A shopper walking in the Union Square district in San Francisco. The numbers: Consumer borrowing picked up in May, according to the Federal Reserve on Monday. Total consumer credit increased $24.6 billion in May to a seasonally adjusted $3.9 trillion. That’s an annual growth rate of 7.6%, which is the fastest pace […]

admin July 7, 2018

Getty Images/iStockphoto Thumbs-up for U.S. stocks. Headlines flashing warnings about trade wars and potential recessions abound, but stocks remain relatively resilient. Bulls are keeping the faith, arguing that underlying fundamentals—and perhaps the political calendar—point the way higher. A number of prominent Wall Street strategists remain sanguine about the outlook for U.S. equities, looking beyond […]