There's not much time left before the malls are flooded with busy holiday shoppers. And for the yearlong planners, the shopping probably started a long time ago. A recent blog from VantageScore emphasizes the importance of making sure shoppers don't destroy their credit score right before the busiest home-buying season.
Monday, October 31, 2016
If the world's biggest economy is really on the upswing, then why are America's banks stockpiling a record amount of ultrasafe bonds?
After all, jobs are back, the Federal Reserve is close to raising interest rates again and growth has perked up after a sluggish first half. But instead of ramping up lending to keep up with deposits, banks are plowing into U.S. government and related debt at the fastest clip since 2014.
Sunday, October 30, 2016
Fannie Mae just made some major changes to the credit reporting industry. If you're like me, and don't have much of a debt history, it can be difficult to build credit. With the use of trending credit data, that could become much easier.
Saturday, October 29, 2016
Tesla founder and CEO Elon Musk wasn't kidding when he said that the new Tesla solar roof product was better looking than an ordinary roof: the roofing replacement with solar energy gathering powers does indeed look great. It's a far cry from the obvious and somewhat weird aftermarket panels you see applied to roofs after the fact today.
It's no secret that our country as a whole has some deep concerns about our current presidential election. It doesn't matter if you like one of the candidates or dislike them both, everyone seems to have concerns about how this election will impact the economy and the nation.
Let's start with the good news. For the more than 60 million people who receive Social Security benefits, they will get a cost-of-living increase in 2017. This is positive considering there was no increase in 2016. Here is the bad news. The increase is expected to be around 0.3 percent, the smallest increase on record.
Monday, October 24, 2016
HNA paid $6.5bn (£5.3bn) for the stake previously owned by Hilton's biggest shareholder Blackstone.
Chinese companies have increasingly been investing in tourism-related businesses overseas as more Chinese citizens travel abroad.
Read more... http://www.bbc.com/news/business-37748673
Sunday, October 23, 2016
The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.
Wednesday, October 19, 2016
More major development is coming to downtown Phoenix's Roosevelt Row.
Desert Viking Development has announced plans for a mixed-use project on 501 E. Roosevelt St., between Fifth and Sixth streets, totaling more than 26,000-square-feet.
Monday, October 17, 2016
Wealthy Chinese buyers have been buying so many homes in the United States that they are the top foreign country purchasing property in the U.S - for the fourth year in a row. Those home sales totaled more than $27 billion.
I am grateful to the Economic Club of New York for inviting me to speak today. My subject is the historically low level of interest rates, a topic not far from the minds of many in this audience and of many others in the United States and all over the world.1
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Sunday, October 9, 2016
Author Sheri Koones believes that prefab houses (or "prefabulous," as she calls them) are the homes of the future. She's written five books about them.
In the new "Prefabulous Small Houses" from The Taunton Press, Koones focuses on modestly sized homes and cottages, between 350 and 2,500 square feet.
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