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One in Ten American Consumers Is Credit Invisible
Posted on July 5, 2015

According to recent research by the Consumer Financial Protection Bureau, about 26 million American adults currently have no credit history. In other words, roughly one in ten American consumers have no records with national credit reporting agencies such as Equifax, Experian and TransUnion. Additionally, another 19 million Americans have limited or out of date credit[...]


MARKET TRENDS: U.S. Labor Market Firms Up; Manufacturing Follows Suit
Posted on July 1, 2015

A solid job report from payroll processor Automatic Data Processing Inc. (ADP) on Wednesday added to the evidence of a strengthening U.S. economic outlook. In June, the private sector added about 237,000 jobs, according to the ADP nonfarm employment report. The gain in June employment marked the biggest gain since December 2014. It exceeded the[...]


Harbortouch Latest in Line to Be Affected by Payment Data Breach
Posted on July 1, 2015

Recently, Sally Beauty Holdings reported that it is investigating a possible payment card breach. The retail chain, which runs nearly 2,800 stores in the U.S, started an inquiry after it received reports of "unusual activity" involving payment cards that were used at some of its stores during the last week of April. I don't know[...]


MARKET TRENDS: Pending Home Sales at Nine-Year High
Posted on June 30, 2015

After solid existing and new home sales, pending home sales in the U.S. rose for the fifth straight month in May, hitting the highest level in over nine years. A stronger labor market, an improving wage, and lower mortgage rates continue to boost the housing industry and economy as a whole. The strong rise in[...]


MARKET TRENDS: Summary for the Week Beginning June 29, 2015
Posted on June 30, 2015

Apart from the deal to prevent Greece from defaulting on its debt, data on the labor market will be the highlight of the upcoming week. Greece's creditors have offered a 5-month extension to repay the debt. A deal should be concluded by Tuesday or else Greece will default on the €1.6B debt with the International Monetary Fund[...]


MARKET TRENDS: Consumer Sentiments Rises, Index at Five Month High
Posted on June 26, 2015

The U.S. economy is firming up with a series of positive economic numbers. The June Consumer Sentiment hit it a five-month high on Friday, following the solid Personal Income and Spending report on Thursday. The sharp rise in consumer sentiments was buoyed by a stronger job market and an improving wage rate. The University of [...]


MARKET TRENDS:Q1 GDP Wasn’t That Bad
Posted on June 25, 2015

The U.S. Gross Domestic Product (GDP) contracted lower than expected in 1Q15. Strong manufacturing, construction, and housing markets raised the final revision to the GDP growth estimate for Q1. The GDP contracted by -0.2% from the previous estimate of -0.7%, the Commerce Department said on Wednesday. This was in sharp contrast to an increase of[...]


MARKET TRENDS: Housing Upsurge Offsets Fall in Durable Goods Orders and Manufacturing
Posted on June 24, 2015

Following the strong report on nonfarm payroll and retail sales, both durable goods orders and manufacturing PMI disappointed the market in May. This is in addition to a drop in the Chicago Fed Manufacturing Index on Monday. However, a reviving housing market induces optimism in the strength of the U.S. economy going forward. The durable [...]


MARKET TRENDS: Existing Housing Sales Hits Fastest Growth in Nearly Six Years
Posted on June 23, 2015

Existing home sales, which includes the number of previously constructed homes, condominiums, and co-ops, rebounded in May. It grew at its fastest pace since November 2009 and marked the third straight month of annual home sales above 5 mn. Existing home sales accounts for a larger share of the market than new homes and is [...]


MARKET TRENDS: Summary for the Week Beginning June 22, 2015
Posted on June 22, 2015

A series of economic data is scheduled to be released this week, including reports on the Gross Domestic Product (GDP), housing, and Michigan's consumer sentiment. With the Fed contemplating the optimum time for a rate hike, which is data dependent, all data is significant to the decision. The housing market should get more good news [...]