A company that owns two national for-profit college chains said Thursday that it will erase nearly $500 million in debt incurred by former students as part of a settlement with 48 states and the District of Columbia. The deal with Career Education Corporation will resolve allegations that it lied about job placement rates and misled […]
SAN FRANCISCO (AP) — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company’s most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company’s shareholders released after the stock market closed Wednesday. Cook said Apple’s revenue for the […]
Why is financial anxiety on your mind? Numerous surveys have found that Americans feel more anxious than ever before, and financial decisions and pressure are significant drivers of this. Despite a strong economy and low unemployment, more Americans cite money as the biggest source of stress in their life. According to a recent study by […]
TODAY IS THE BIGGEST ONLINE SHOPPING DAY ALL YEAR, AND YOU HAVE SOME ADVICE FOR US. Today is Cyber Monday. Americans are expected to spend $7.8 billion online, according to projections from Adobe Analytics, meaning it will be the single largest online shopping day in U.S history, eclipsing Black Friday ($5.9 billion) and Thanksgiving ($3.3 […]
What do the mid-term results mean for the economy and for everyday Americans? We are unlikely to see significant changes to economic policy, at least in the short term. As a result, while the results will certainly have ripple effects, they are unlikely to affect the core foundations of the economy. As Warren Buffett says, […]
Real Housewives of Atlanta star Nene Leakes has stated numerous times on the hit Bravo series that she is “rich”… “Donald Trump rich” — to be exact. But just how rich is she? As reported by radaronline.com, for the past decade she has been building her brand and has accrued a net worth of $14 million dollars. But where […]
FRIDAY SAW THE RELEASE OF THE OCTOBER JOBS REPORT. WHAT WAS IN IT? Overall, Friday’s jobs report contained really positive news. According to the Labor Department, the economy added 250,000 jobs in October. That did not change the unemployment rate, which held steady at 3.7%, tied with the lowest rate December 1969. But most importantly, […]
Segment Q&A: Lessons (Hopefully) Learned 10 Years after the Financial Crisis Background: September 15th, 2018 marked the 10 year anniversary of the bankruptcy of storied Wall Street firm Lehman Brothers which set off the chain of events that we’ve come to refer to as the Financial Crisis. While the economy at large has mostly recovered, […]
RICHMOND, Va. (AP) — The Republican-controlled Virginia General Assembly gave final approval Wednesday evening to a state budget expanding Medicaid coverage to the state’s poor, ending years of partisan gridlock on the issue. The state Senate voted in favor of expansion after a full day of debate. The House, which had had previously endorsed expansion, […]
HOW BIG OF A PROBLEM HAVE FINANCIAL SCAMS BECOME? According to a report released by the Federal Trade commission, there were an astounding 1.1 million fraud reports in 2017. Now, of those 1.1 million reports, 21% of those people reported a financial loss. And get this, the aggregate reported loss attributed to those complaints were a […]
The actor gives all the juicy details to his come-up.
You are here this morning to talk about a very interesting factor affecting the financial behavior of many Americans. What is it? We all have heard that phrase keeping up with the Jones’, but not many of us give much thought to how this phenomenon has changed in our era of ubiquitous technology and connection. […]
