News and Trends

Here's what changed in the new Fed statement - CNBC--11.8.18
In today's FOMC statement, the Fed has decided to keep interest rates the same and expects to have further gradual increases in the future.

Venezuela's inflation rate just hit 830,000% — and is likely to keep rising- Business Insider--11.8.18
Inflation in Venezuela has hit an annual rate of 830,000% and it is likely to keep on rising. The International Monetary Fund expects inflation to hit 1 million percent this year.

'Welcome to gridlock': Stock traders cheer, dollar investors jeer US midterm results - Business Insider--11.7.18
Global markets were mixed on Wednesday after Democrats took control of the U.S. House of Representatives while Republicans retained control of the Senate. This outcome could lead to gridlock, making legislation harder to pass.

Jeff Sessions resigns as attorney general at Trump's request- Business Insider--11.7.18
Attorney General Jeff Sessions resigned Wednesday after months of speculation about his departure. Sessions said in a letter that he was resigning at the request of President Donald Trump.

David Stockman: Epic downturn is here, brace for 40% market plunge - CNBC--11.4.18
David Stockman warns a 40 percent stock market plunge is closing in on Wall Street. Stockman has longed warned of a deep downturn that would that would shake Wall Street's most bullish investors.

Is it legal for banks to refuse cash? - New York Post--11.4.18
Citibank has been preventing people from using cash to pay their credit card bills at the tellers' windows. Individuals can make cash deposits into your accounts and then make the payment on a credit card bill online.

Trump administration adds new sanctions against Cuba, Venezuela - Market Watch--11.1.18
The Trump administration unveiled new sanctions against Cuba and Venezuela. The State Department has added more than two dozen entities owned or controlled by the Cuban military and intelligence services to a sanctions list.

IRS increases retirement contribution limits for 2019- Fox Business--11.1.18
The IRS has increased the contribution limits for various retirement accounts for 2019. The changes were among several inflation adjustments announced by the IRS on Thursday.

Mortgage rates slide as echoes of 2006 haunt the housing market- Market Watch--11.1.18
Momentum in the housing market has waned enough that its starting to worry many observers. Home prices have rose at the slowest pace in nearly two years in August.

UK Begins Confiscating Wealth Without Criminal Charges- Zero Hedge--10.30.18
"Unexplained Wealth Orders" in the U.K. allow officials to confiscate money and property without charging the target with a crime. Just this month, the U.K. used the first two on a woman living in London.

What the wild market volatility could mean for the next month- CNBC--10.30.18
The S&P 500 has been on a roller coaster ride the past week. History says last week's rocky road could precede more pain in the markets.

Dow stages biggest intraday reversal in more than 8 months; Nasdaq sees biggest U-turn in 3 years- Market Watch--10.29.18
The Dow gave up a 352-point gain to end Monday lower amid concerns about global growth and escalating tariff clashes between the U.S. and China. The action marked the biggest U-turn for the Dow since February.

US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail- CNBC--10.29.18
The United States is preparing new tariffs against all remaining Chinese imports if trade talks between President Donald Trump and Xi Jinping fail to reconcile the ongoing trade dispute, according to Bloomberg News.

Dow dives nearly 300 points, S&P 500 dips into correction levels in another wild day on Wall Street- CNBC--10.26.18
Stocks fell sharply on Friday amid another volatile session on Wall Street. The S&P 500 briefly entered into correction territory, trading more than 10% below its record high reached in September.

5 Scary Reasons Why The Stock Market Is So Spooky- Forbes--10.26.18
Unemployment is down and wages are up but that doesn't mean people are getting richer. Salaries and hourly income have largely lagged inflation in the past decade or so and few Americans are actually gaining any real wealth.

The big fear spooking investors- CNN Business--10.25.18
The S&P 500 is on track for its worst month in eight years. The recent market plunge reflect waning optimism about economic and profit growth. Wall Street is becoming increasingly worried that the recovery from the Great Recession is starting to slow.

America Owes the Largest Share of Global Debt- U.S. News--10.23.18
According to the International Monetary Fund, the level of global debt is at historic highs. Debt in advanced economies peaked at 105 percent of the GDP. The U.S. carries the most government debt at around $20 trillion.

Warning: 14 of 19 bear market signals triggered, Bank of America says- CNN--10.23.18
The Nasdaq is on track for the worst month since January 2016. Bank of America Merrill Lynch is warning clients that the stock market roller coaster rise could last a while, perhaps through 2021.

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