Home » Blog »
Credit Card Use at Four Year Low in 2015
Posted on July 8, 2015

Consumers were more careful about using their credit cards in the first quarter than any time in the past four years, according to new data from the Federal Reserve. Credit card use was down 0.3% in the first quarter, the lowest since the first quarter of 2011. Given the tepid rise in wages and a [...]


MARKET TRENDS: Service Sector Slows; Hiring and Pricing Weakens
Posted on July 7, 2015

Survey reports from the Institute of Supply Management (ISM) and financial data provider Markit Ltd. on Monday indicated moderate growth in June. The manufacturing and service sector surveys a exhibiting a distinct slowdown of economic expansion since the start of the second quarter, when business initially picked up after the dissipating impact of harsh winter [...]


MARKET TRENDS: Summary for the Week Beginning July 06, 2015
Posted on July 6, 2015

This week starts with the Greek referendum on Sunday, followed by the U.S. ISM Non-Manufacturing PMI on Monday, JOLTs Job openings and Trade Balance on Tuesday, and the FOMC Meeting Minutes on Wednesday. The week will end with the Wholesale Inventory data. The concerns for this week are about the U.S. dollar restraining [...]


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 Additionally, another 19 million Americans have limited or out of date credit[...]


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: 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[...]


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: 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: 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[...]