Increase in U.S. housing starts falls short of forecast

April 17th, 2015  // News

Housing starts increased 2% last month to a seasonally adjusted annual rate of 926,000 units, according to the U.S. Commerce Department. Economists polled by Reuters had expected 1.04 million. Building permits decreased the most since May, suggesting residential construction is headed into a slump. Read more

Americans’ financial picture improving

April 16th, 2015  // News

Americans' financial well-being improved this quarter, as indicated by a 6.5-point rise in the AICPA's Personal Financial Satisfaction Index (PFSi). A decrease in inflation sparked by lower oil prices is largely responsible for the improved PFSi score, though loan delinquencies, underemployment and personal taxes decreased as well. Read more

Fiduciary proposal for brokers issued by Labor

April 15th, 2015  // News

U.S. Labor Secretary Tom Perez has announced a proposal that would subject brokers offering retirement advice to a fiduciary standard. Read more

Fitch cites capital markets in holding U.S. AAA rating

April 14th, 2015  // News

Fitch Ratings has kept its AAA rating for the U.S., saying the economy has strengthened, the budget deficit is expected to narrow this year and in 2016, and health care cost increases are slowing. Falling oil prices also have boosted disposable income, the credit rating agency said. Read more

Why children should learn how to balance a checkbook

April 13th, 2015  // News Read more

4-week average of U.S. jobless claims at 15-year low

April 10th, 2015  // News

The four-week rolling average of first-time unemployment claims has reached the lowest level since 2000, according to the Department of Labor. Initial claims have held below 300,000 for five consecutive weeks, suggesting the labor market is strengthening. Read more

2015 is shaping up to be a strong year for M&As

April 9th, 2015  // News

There could be more than $3.7 trillion worth of mergers and acquisitions this year if deals continue to be made at the current pace. That would be second only to 2007's total of $4.3 trillion. There are 15 deals announced or proposed that are worth more than $10 billion, according to Dealogic. Read more

IRS launched fewer criminal investigations in 2014

April 8th, 2015  // News

The Internal Revenue Service launched 4,297 criminal investigations last year, down from 5,314 during the previous fiscal year, a report from the agency's criminal investigation division found. The IRS recommended 3,478 prosecutions, a 20% drop from the previous year. The agency has been squeezed by budget cuts, and Richard Weber, head of the division, said his group is at a staffing level last seen in the 1970s. Read more

Consumer spending increased in March

April 7th, 2015  // News

Average consumer spending in March rose $4 from February to reach $86 a day per person, according to Gallup. That's slightly below the $87 per day that consumers said they spent in March of last year. Consumer spending has been below $100 a day since 2008. Read more

U.S. dollar’s rally shows signs of weakening

April 6th, 2015  // News

The dollar's strengthening appears to be slowing down, which could ease pressure on U.S. exporters and bolster demand for oil. Some investors think the Federal Reserve could delay its rate hike until the end of the year, but the long-term outlook for the dollar still appears strong. Read more

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