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11 months ago
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Thanksgiving will cost less this year

Consumers are getting a break on Thanksgiving dinner this year. The American farm bureau federation says the average cost of a feast for 10 people will be $49.87, a $0.24 drop from a year ago. The group looked at prices for turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin […]
11 months ago
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Major retailer is closing up some of its stores earlier than planned

Macy’s will begin closing some of the 100 stores it plans to shutter by early 2017 before this year is up. Macy’s says it’s closing 100 stores that are either underperforming or whose real estate is worth more than the business. Macy’s has to release the exact list of which stores will close. Another major […]
11 months ago
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Amazon is cracking down on counterfeit sellers

Amazon, for the first time has filed lawsuits against counterfeit sellers. This after a number of businesses on Amazon voiced concern that knockoffs were killing their sales and endangering consumers. The company generates over $75 billion a year in commerce, and about half the volume now comes from third-party sellers. Now homeopathic products will be […]
11 months ago
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Mortgage rates after Donald Trump’s election

The average rate on the popular 30-year fixed mortgage hit 4 percent, according to Mortgage News Daily. Rates have now moved nearly a half a percentage point higher since Donald Trump was elected president. What does that have to do with home loans? Since his election, investors have taken money out of bonds and put […]
11 months ago
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The scales of power could be changing thanks to Trump

The U.S. Consumer Financial Protection Bureau could find its powers scaled back by President-elect Donald Trump and a Republican-led congress. The bureau was established after the financial crisis to be a watchdog on banks, insurance companies and mortgage businesses. Some critics say the CFPB has too much power and is not accountable to anyone else. […]
11 months ago
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Gift cards may be the most popular gift during the holidays

Macy’s has no plans to restore Donald Trump’s clothing line now that the election is over. Originally the department store chain dropped the line after Trump made controversial comments about Mexicans. But now Macy’s CEO Terry Lundgren says it’s not about politics but rather changing up its mix. He says he wouldn’t sell a Hillary […]
11 months ago
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General Motors says it will suspend the third shift at two car factories early next year because American consumers are shifting from cars to SUVs and trucks. It will impact 2-thousand workers. The shifts will be idled at factories in Lordstown, Ohio, near Cleveland and in Lansing, Michigan. Slow demand for Sedans is causing the […]
11 months ago
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Global markets take a big hit after election results

Global markets plummeted as election results came in last night. U-S markets were down as much as 800 points. The Mexican peso fell to its lowest level ever compared to the U-S dollar. Stocks thought to be friendly to a Trump presidency are defense and infrastructure companies like U-S steel and coal companies as he […]
11 months ago
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Elections may have a huge impact on stocks

The biggest near-term threat to stocks is from the outside possibility that neither Donald Trump nor Hillary Clinton emerges a clear winner tonight. Tightening polls in key states mean it is a possibility that can’t be ignored. The 2000 Presidential Election wasn’t decided until mid-December and the S and P 500 fell 8 point 4 […]
12 months ago
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In the months leading up to America’s big day at the polls, political arguments have been raging on Facebook. The biggest social network on the planet has said that the 2016 presidential election alone has generated over 5 point 3 billion posts, likes, comments and shares, with nearly 110 million Americans participating in the online […]