The pickup truck indicator shows the economy is strong
According to one unconventional economic indicator, business is booming. Looking at sales from pickup trucks as a proxy for the health of small businesses in the U.S., DataTrek Research found that 2019 ended on a strong note, and that sales...
Criminals are using ‘Frankenstein identities’ to steal from banks and credit unions
Getty / South_Agency It started out like any other online loan. Notre Dame Federal Credit Union reviewed the application. It did the necessary background checks, and authenticated the applicant’s credit score and background. But it wasn’t until a group of...
Stocks making the biggest moves midday: Morgan Stanley, Tesla, Alcoa & more
A pedestrian walks by Morgan Stanley headquarters in New York. Getty Images Check out the companies making headlines in midday trading. Morgan Stanley — Morgan Stanley shares jumped more than 7% after the bank posted quarterly profit numbers that easily...
US weekly jobless claims drop unexpectedly
Job seekers attend the CUNY Big Apple Job and Internship Fair at the Jacob Javits Convention Center in New York. Richard Levine | Corbis | Getty Images The number of Americans filing claims for unemployment benefits dropped for a fifth...
US retail sales climb in December, and November sales were revised up
U.S. retail sales rose for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, which could strengthen the view that the economy maintained a moderate growth...
Euromoney FX Survey 2020: Voting now opened
Euromoney Foreign Exchange Survey 2020 Voting for the 2020 Euromoney Foreign Exchange Survey is now open and will close 28th February 2020. VOTE NOW The survey is also available in the languages listed below. The 2020 questionnaire and methodology is...
JP Morgan admits to `terrible customer experience’ in response to discrimination allegations
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase admitted to failures brought to light in a New York Times article last month and said it...
Weekly mortgage applications soar 30% as homebuyer demand hits the highest level in 11 years
It was a seriously strong start to 2020 in the mortgage business for new home loans and refinances. Total mortgage application volume surged 30.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinancing...
Kudlow says ‘tax cuts 2.0’ will be unveiled later this year during Trump presidential campaign
National Economic Council Director Larry Kudlow, a top economic adviser to President Donald Trump, said Wednesday that the White House plans to unveil a plan for additional tax cuts later in 2020. “I am still running a process of Tax...
US producer prices barely rise as services remain subdued
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this...
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