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New Credit Options for Those with Poor or No Credit History
Posted on August 12, 2015
Many unbanked and underbanked consumers don't have credit cards and other traditional loans. Others operate on a cash-basis only and don't carry debt at all. This happens despite there being plenty of financially responsible consumers who pay their bills on time. They just don't have a traditional credit history, and they should be given the[...]
Posted on August 12, 2015
Many unbanked and underbanked consumers don't have credit cards and other traditional loans. Others operate on a cash-basis only and don't carry debt at all. This happens despite there being plenty of financially responsible consumers who pay their bills on time. They just don't have a traditional credit history, and they should be given the[...]
A Rebounding U.S. Economy Means Greater Opportunities for Borrowing with Credit Cards
Posted on August 4, 2015
The U.S. credit card market has made a comeback alongside the momentum of the U.S. economy. Last quarter, credit card loans touched their highest level in over five years on strong job growth and improving income levels. After mortgage and student loans, credit card debt is the third largest source of consumer borrowings. Overall, the [...]
Posted on August 4, 2015
The U.S. credit card market has made a comeback alongside the momentum of the U.S. economy. Last quarter, credit card loans touched their highest level in over five years on strong job growth and improving income levels. After mortgage and student loans, credit card debt is the third largest source of consumer borrowings. Overall, the [...]
MARKET TRENDS: Higher Consumer Spending Boosts GDP in 2Q15, Although Lower Than Expected
Posted on July 31, 2015
U.S. economic growth strengthened in the second quarter of 2015, although slower than anticipated, after a soft first quarter. The Gross Domestic Product, the value of total production, grew at a 2.3% annual rate from April to June, the Commerce Department said on Thursday. The gain in GDP growth was, however, lower than the market [...]
Posted on July 31, 2015
U.S. economic growth strengthened in the second quarter of 2015, although slower than anticipated, after a soft first quarter. The Gross Domestic Product, the value of total production, grew at a 2.3% annual rate from April to June, the Commerce Department said on Thursday. The gain in GDP growth was, however, lower than the market [...]
MARKET TRENDS: Pending Home Sales Lowest Since March as Prices Surge
Posted on July 30, 2015
Pending home sales faltered in June after gaining for the last five consecutive months. Signed contracts to buy existing homes that hit a 9-year high in May, fell to their lowest since March. The Pending Home Sales Index, a leading indicator of the housing market which measures housing contract activity, unexpectedly slipped 1.8% to 110.3[...]
Posted on July 30, 2015
Pending home sales faltered in June after gaining for the last five consecutive months. Signed contracts to buy existing homes that hit a 9-year high in May, fell to their lowest since March. The Pending Home Sales Index, a leading indicator of the housing market which measures housing contract activity, unexpectedly slipped 1.8% to 110.3[...]
MARKET TRENDS: Confidence Slides While Services Picks Up
Posted on July 29, 2015
Consumer confidence declined sharply in July, despite a decent rise in income levels and lower oil prices which boosts consumer's purchasing power. The drop in sentiments was led by a less optimistic outlook for the labor market, although the current conditions are favorable. The headline Index had earlier gained in June. Consumer’s short-term expectations weakened [...]
Posted on July 29, 2015
Consumer confidence declined sharply in July, despite a decent rise in income levels and lower oil prices which boosts consumer's purchasing power. The drop in sentiments was led by a less optimistic outlook for the labor market, although the current conditions are favorable. The headline Index had earlier gained in June. Consumer’s short-term expectations weakened [...]
MARKET TRENDS: Unexpected Gains in Durable Goods Orders, Business Investments Still
Posted on July 28, 2015
Orders for durable goods, which include heavy and bulky goods such as trains, planes and automobiles, increased more than expected in June. The gain in durable goods orders was the largest since March, driven by a surge in demand for commercial aircraft. The growth in core orders, a gauge of the level of business activities [...]
Posted on July 28, 2015
Orders for durable goods, which include heavy and bulky goods such as trains, planes and automobiles, increased more than expected in June. The gain in durable goods orders was the largest since March, driven by a surge in demand for commercial aircraft. The growth in core orders, a gauge of the level of business activities [...]
MARKET TRENDS: Summary for the Week Beginning July 27, 2015
Posted on July 27, 2015
The week ahead will start off with data on durable goods orders and core durable goods orders which indicate the level of business activities in the U.S. Aircraft orders, particularly in the commercial sector, have remained low, leading to the recent volatility in the durable goods orders. Rising demand, coupled with a supply constraint in [...]
Posted on July 27, 2015
The week ahead will start off with data on durable goods orders and core durable goods orders which indicate the level of business activities in the U.S. Aircraft orders, particularly in the commercial sector, have remained low, leading to the recent volatility in the durable goods orders. Rising demand, coupled with a supply constraint in [...]
MARKET TRENDS: New Home Sales Down, Manufacturing Picks Up
Posted on July 24, 2015
Recent gains in the U.S. housing market were slightly offset with new single family home sales posting a larger than expected decline in June. New home sales dropped for the second consecutive month to its lowest level in the past seven months, while May's sales were also revised sharply lower. Sales of new single family [...]
Posted on July 24, 2015
Recent gains in the U.S. housing market were slightly offset with new single family home sales posting a larger than expected decline in June. New home sales dropped for the second consecutive month to its lowest level in the past seven months, while May's sales were also revised sharply lower. Sales of new single family [...]
MARKET TRENDS: Jobless Claims at Record Low, U.S. Economic Activity High
Posted on July 23, 2015
Initial jobless claims in the U.S. fell to a record low last week, boosting optimism on the growth of the economy and supporting the Fed short term interest rate hike this year. The number of individuals filing for unemployment benefits claims in the week ending July 18 fell by 26,000 to a seasonally adjusted 255,000. This [...]
Posted on July 23, 2015
Initial jobless claims in the U.S. fell to a record low last week, boosting optimism on the growth of the economy and supporting the Fed short term interest rate hike this year. The number of individuals filing for unemployment benefits claims in the week ending July 18 fell by 26,000 to a seasonally adjusted 255,000. This [...]
MARKET TRENDS: Existing Home Sales at 8 Year High, Home Prices Surge Higher
Posted on July 22, 2015
The U.S. existing home sales touched the highest level in nearly 8.5 years in June, indicating a strengthening housing market. The robust home sales data that came in after a solid housing start and building permit data last week, is attributed to a firm job market, improved consumer income, and lower mortgage rates. A tightening[...]
Posted on July 22, 2015
The U.S. existing home sales touched the highest level in nearly 8.5 years in June, indicating a strengthening housing market. The robust home sales data that came in after a solid housing start and building permit data last week, is attributed to a firm job market, improved consumer income, and lower mortgage rates. A tightening[...]
