First reading on Q2 US GDP at 2.3% vs 2.6% expected - CNBC

U.S. economic growth accelerated in the second quarter as a pick up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this ...

Thursday, July 30, 2015

US stocks fall as GDP data leave Fed on track to hike - MarketWatch

Overall, data on gross domestic product was better than expected, considering the first-quarter number was revised upward. The GDP numbers are likely to influence the Federal Reserve's decision on the timing of the first rate hike, according to analysts.

Thursday, July 30, 2015

What the huge change to how GDP is calculated means for US economy - MarketWatch

The biggest area of distortion in the current GDP report probably involves Pentagon spending. Over the past several years, federal expenditures on defense have soared in the third quarter, when the government's fiscal year ends, and fallen in the first ...

Thursday, July 30, 2015

Student loan debt is not hurting America's housing market - Fortune - Fortune

It's this logic that has given us such articles as, “Your Student Loan is Killing the Housing Market,” published last fall in USA Today, in which the author cites an estimate from a housing consultant which argued that student loan debt is costing the ...

Monday, July 27, 2015

This City Has the Highest Debt Burden | Money.com - Time - TIME

Locals like to brag that everything's bigger in Texas. But they might not be boasting about a new ranking that places three Lone Star metro areas among the U.S. cities with the highest credit card debt burden. San Antonio residents face the greatest ...

Monday, July 27, 2015

The Best Things to Charge on Your Credit Card | The Fiscal Times - The Fiscal Times

Credit cards have a bad reputation, especially for consumers carrying big balances with high interest rates. Are there benefits to using credit cards? Definitely. You can accumulate points to earn rewards and free miles, and defer payment for a few ...

Wednesday, July 22, 2015

5 credit card fees you didn't know existed - The Washington Post - Washington Post

The average credit card charges six fees — although some charge as many as 12 — according to a survey of 100 cards by CreditCards.com. Many of those charges, such as late payment penalties, balance transfer fees and cash advance fees, are fairly ...

Wednesday, July 22, 2015

Best Credit Card Perks - Time - TIME

The full value of a credit card in your pocket can go far beyond the usual cash back and reward points. Rental-car insurance, free credit scores, and other freebies are there for the taking—as long as you know where to look. Not everyone does, however.

Wednesday, July 22, 2015

Do Credit Cards And Personal Loans Really Help Your Credit Score? - Forbes - Forbes

A good credit score can help you get approved for a mortgage or auto loan. Your credit score will also determine the interest rate you pay on your loans. Banks give much lower interest rates to people with high scores. And in some states, your credit ...

Tuesday, July 21, 2015

The IRA Mistake The IRS Lets Taxpayers Get Away With - Forbes - Forbes

Is the Internal Revenue Service doing enough to catch taxpayers who fail to take required minimum distributions from their IRAs? Not according to a new report by the Treasury Inspector General for Tax Administration, which calls on the IRS to ...

Thursday, July 16, 2015

Robots are increasing our wages, not stealing our jobs - Wired.co.uk

Looking at data on the use of robots (provided by the International Federation of Robotics) and economic performance indicators across 14 industries (including manufacturing, agriculture and utilities), and 17 countries (mainly Europe, but also ...

Wednesday, July 15, 2015

Why you should save Roth IRA and HSA distributions for 2016 - MarketWatch - MarketWatch

This may come in many forms: Timing the recognition of capital gains, exercising stock options, additional IRA distributions, etc. For example, if you're married filing jointly and have a MAGI of $265,000 in 2015, that would place you in the Tier 3 ...

Wednesday, July 15, 2015

What Economics Can (and Can't) Do - The New York Times - New York Times (blog)

While I would guess that today most economists, including a number who are not sympathetic toward the Greek government, would favor much more expansionary fiscal policy in the European Union, there is nothing like unanimity. And that leaves those who ...

Tuesday, July 14, 2015

Federal Reserve System: Why Greece, China And Puerto Rico Could Prevent ... - International Business Times

Even before Greeks voted to reject bailout proposals from the country's creditors and China's stock market began to tumble this week, the U.S. Federal Reserve was questioning its stance on an interest rate increase planned for sometime later in 2015 ...

Thursday, July 09, 2015

The Recovery's Final Frontier? - Federal Reserve Bank of San Francisco

Good morning, it's a pleasure to be here. I'd like to give you the “straight, no chaser” view today; my outlook on the economy, where we are, where we're headed, and what that means for monetary policy going forward. While the headline is not quite ...

Wednesday, July 08, 2015

Cities are catalysts for better economic growth and climate action, according ... - National Geographic

Better economic growth can help close the greenhouse gas emissions gap, according to a new report released today by the New Climate Economy, the flagship project of the Global Commission on the Economy and Climate. Seizing the Global Opportunity: ...

Tuesday, July 07, 2015

3 Financial Realities New Grads Have to Face - Huffington Post

Because compound interest needs time to grow. Barbara Friedberg, writing for GoodFinancialCents.com, provides a simple chart that displays what would happen if the value of a penny doubled every day for a month. Guess what? On day 31, the doubling of ...

Monday, July 06, 2015

Pushing for 4 percent economic growth, Jeb Bush faults Obama's 'zombie ... - Washington Post (blog)

Former Florida governor Jeb Bush has been an aggressive critic of President Obama's stewardship of the U.S. economy. Now he's got a new way to describe it. "Zombie economy." "Barack Obama's policies have given us a zombie economy where no matter ...

Monday, July 06, 2015

FACT SHEET: The Export-Import Bank: Supporting American Exports and ... - Whitehouse.gov (press release)

The Export-Import Bank, or “Ex-Im,” is a critical tool in the bipartisan trade agenda that helps U.S. businesses succeed in global markets and grow their exports. Ex-Im equips companies with financing they need to go toe-to-toe with foreign rivals ...

Tuesday, June 30, 2015

KKR Settles Over 'Broken Deal' Expenses - New York Times

For years, private equity firms operated behind a curtain of mystery when it came to how they passed along expenses to investors. The Securities and Exchange Commission is now beginning to pull back the curtain and shine a light on those practices.

Monday, June 29, 2015

12 Money Lessons Your Child Should Know Before Age 12 - U.S. News & World Report

There is unfortunately a significant lack of financial education in our country, which makes it more important than ever for parents to teach basic money lessons to their children. Although some financial topics might seem challenging, you might be ...

Wednesday, June 24, 2015