Financial Services

admin August 8, 2018

It’s official: The U.S. stock market’s early-2018 correction has now been completely erased. That doesn’t resolve all issues facing investors, of course. The future remains just as unknowable as before. But the market’s latest achievement does mean that we can no longer debate whether the January stock market highs represented the end of the bull […]

admin August 7, 2018

Bloomberg Consumer spending powered strong GDP growth in the second quarter. The numbers: Consumer borrowing slowed in June after hitting a six-month high in the prior month, according to the Federal Reserve on Tuesday. Total consumer credit increased $10.2 billion in June to a seasonally adjusted $3.91 trillion. That’s an annual growth rate of […]

admin August 7, 2018

The stock market’s new buzzy number is $1,000,000,000,000. And after one prominent tech giant hit that market-value milestone last week, the 13-digit figure may hold a different level of resonance for the broader market in terms of share buybacks. Indeed, analysts at Goldman Sachs project that stock repurchases will reach $1 trillion this year, up […]

admin August 6, 2018

Gold’s sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion—that is, as an alternative to assets perceived as risky, like stocks. They’re betting that the opposite will be true as well, that gold will resume its role as protector and diversifier, […]

admin August 4, 2018

The retirement you saw your grandparents — or even your parents — live through will likely not be the retirement you choose for yourself. Consider the following: •In 1900, the average life expectancy was 47 years. Only 100,000 Americans lived to age 85. •By 2010, the number of people over 85 years old had grown […]