Financial Services

admin August 1, 2018

Getty Images Federal Reserve Chairman Jerome Powell will hold his next press conference in September and, as a result, the market expects another rate hike. The Federal Reserve kept policy steady on Wednesday while signaling it views another rate hike is likely as soon as September. At a two-day meeting that ended Wednesday, the […]

admin August 1, 2018

The month of July has lived up to its historical reputation for strength, and should the U.S. stock market continue following long-term seasonal patterns, investors should feel cautious going into August. According to the Stock Trader’s Almanac, August ranks as one of the weakest months of the year for major indexes, with steeper losses in […]

admin August 1, 2018

Protesters have marched in the streets nationwide this summer against the Trump administration’s zero-tolerance immigration policies, but some are moving their money instead of their feet. Retirement savers and investors opposed to the separation of families at the U.S.-Mexico border — many of whom still haven’t been reunited — are pulling their money out of […]

admin July 31, 2018

A federal flood insurance program that’s the only option for many homeowners in areas threatened by water damage was extended Tuesday with none of the reforms many observers call necessary. The Senate voted to reauthorize the National Flood Insurance Program for four months even though a broad group of environmentalists, housing industry participants, and advocates […]

admin July 31, 2018

How worried should retirees be that the Chinese stock market is now in a bear market—having dropped by more than 20%? It’s an important question because it seems like few others are even paying attention. Wall Street appears to be comforted by the S&P 500 […]

admin July 31, 2018

If buyback activity were a bullish omen, then the stock market’s bulls would have reason to be dancing in the streets. That’s because corporations are repurchasing their shares at a blistering and accelerating pace. In this year’s second quarter, for example, announced new buyback programs amounted to more than $430 billion. That broke the previous […]