News
Improving Economy: U.S. Consumer Spending Up 0.4% in May
Spending on the Rise Personal spending continued its second-quarter rebound with a 0.4% rise in May, showing that at least one engine in the U.S. economy is firing. Consumer dollars are one of the driving forces behind economic growth. (Source:.
Rating Agencies Downgrade U.K. Government Bonds
Fitch and S&P Cut U.K. Rating Two of the world’s biggest rating agencies have downgraded the United Kingdom in the aftermath of the Brexit. The cuts were widely expected after the majority of Britain voted to leave the European Union..
U.S. First-Quarter GDP Revised Upward to 1.1%
New Data Shows Stronger U.S. Economic Growth According to new data, U.S. economic growth for the first quarter of 2016 was better than previously thought. The country’s gross domestic product (GDP) grew at 1.1%, rather than the 0.8% initially reported..
U.S. Home Prices Rise 5% in April
Case-Shiller Index Shows Optimism U.S. home prices jumped significantly in April, adding yet another data point to the optimistic portrait of the U.S. economy. National U.S. home prices spiked five percent during those 30 days, according to the S&P/Case-Shiller Home.
Fed Rate Hike Odds Plummet After Brexit
Markets Predict Yellen Will Hold Steady For the last several months, markets have been pricing in another interest rate hike from the Federal Reserve. At one point, the probability of a 2016 rate hike reached 80%, but then the Brexit.
Experts: Brexit Could Hit Income Investors
Brexit Could Send Yields Plunging If the U.K. votes to leave the European Union, income investors across the pond could be collateral damage. At least that’s according to Francesco Garzarelli, co-head of global macro markets research at Goldman Sachs Group.
Kickstarter Pays First Dividend to Shareholders
Kickstarter Breaks Unwritten Rule of Tech In an industry known for innovation, one company is going for the tried and true. In March, Kickstarter did something almost unheard of in the tech world: it paid a dividend to shareholders. According.
German 10-Year Bond Yield Falls Below 0%
Flight to Safety Sends Yields Plunging The yield on 10-year German bunds has sunk below zero percent, leaving yield-hungry income investors struggling to catch up. According to financial information provider FactSet, the yield on 10-year German government notes fell as.
H&R Block Shares Soar on Dividend Hike, Earnings
H&R Block Hikes Dividend 10% While few of us like to think about the IRS, there is one tax story you might like. On Thursday, shares of H & R Block Inc (NYSE:HRB) soared seven percent after reporting better-than-expected earnings..
U.S. Manufacturing Sector Expanded in May
Several indicators have been suggesting a growing U.S. economy. This time, it’s the Purchasing Managers’ Index, or PMI. Today, the Institute of Supply Management (ISM) published its latest report on the U.S. manufacturing sector. It suggests that in May, the.
