WASHINGTON (AP) — U.S. home price increases continued to rise at a steady pace in January, as the housing market deals with affordability problems and few properties listed for sale. The Standard & Poor’s/Case-Shiller 20-city home price index rose 4.6 percent in January compared with 12 months earlier, S&P said Tuesday. That is up from […]
Tom: We’re talking about class perceptions this morning? Mellody: We are. Last week, a very interesting survey from NBC and the Wall Street Journal was released. The study measured the sentiments and viewpoints of Americans as they relate to how – and where – they view themselves on the economic ladder in this country, […]
Tom: Another positive story this morning – Americans are growing their wealth? Mellody: This certainly is a good story, Tom. During the great recession, Americans’ net worth plummeted as stock and home values sank. Household wealth tumbled to $55 trillion in the first quarter of 2009 from a pre-recession peak of $67.9 trillion. Wealth didn’t […]
Tom: Good morning, Mellody. You are here today to explain what the strong dollar means. Mellody: Good morning! I am, Tom. Over the past few months, you have probably heard people talking about the strong dollar – and for good reason! The dollar has been gaining ground against all major currencies. The euro dropped […]
TOM: Good morning! MELLODY: Good morning, Tom. Tom: We have a serious topic this morning – subprime lending is making a comeback. Mellody: That’s right, Tom. In recent months we have seen subprime lending surge, and there have been some worrying signs that the practice that was responsible for the housing crisis is bleeding […]
People in this country still believe in the American Dream, but after one of the worst recessions this country has seen, many are fearful that they may be standing on a trapdoor instead of a ladder to success. For as long I can remember, I have watched African-Americans create their own opportunities by working hard, […]
Tom: Today we are talking about the minimum wage – again! What’s the latest, Mellody? Mellody: It certainly is a topic that keeps popping up, as we continue to have discussions in this country about the increasing wealth inequality, the challenges that are facing many Americans on the lower rungs of the economic ladder, and […]
Tom: Good morning, Mellody! Mellody is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its…
Tom: Good morning, Mellody! Mellody is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. Mellody: Good morning, Tom. Tom: You are digging into the differences between men […]
Everyone is always working on their finances. If not, they should be. Life is expensive honey. There’s a ton of different advice columns, blogs and…
Mellody is President of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. Tom: Good morning, Mellody! Mellody: Good morning, Tom! TOM: Today you have a reminder for […]
Mellody is president of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News. Tom: Good morning! Mellody: Good morning, Tom. Tom: you are joining us this morning to […]
