Here comes the rate hike

Fed minutes today reinforced what central bank officials have been saying over and over again: Interest rates are going up. Fed officials have been working hard to deliver the message that they would like to and more than likely raise rates in December, but only if the economy is strong…

What affect will the Paris attacks have on the oil prices?

The price of oil bounced Monday morning from two-and-a-half-month lows following the Paris attacks  on Friday. However analysts are saying they weren’t expecting any significant movement higher despite rising geopolitical tensions. It’s normal for oil prices traditionally to spike on fears of supply disruptions caused by military conflict and saw a boost on Monday…

Malls so desperate they are charging to see Santa

CHERRY HILL, N.J. (AP) — It’s a sad time for those in this area of New Jersey when it comes to seeing Santa. Children wanting to see Santa Claus this year at a southern New Jersey mall will now have to pay. That’s right, pay. The Philadelphia Inquirer reports that…

This group is thriving: Unemployment for veterans at lowest level in 7 years

The unemployment rate for veterans has dropped to its lowest level in seven years, thanks to an all-hands-on-deck push by government and corporate America to hire veterans. The most recent data from the Bureau of Labor Statistics (BLS), says that the jobless rate for veterans — a population of nearly…

Dow closes down 200

U.S. stocks closed at more than 1 percent lower this Friday, pressured by a continued decline in oil prices and soft reports on the health of the consumer. On a whole, the major averages ended the week down more than 3.5 percent, their worst since the week ended August 21 and…

There will not be a Black Friday miracle this year

We are two weeks from Black Friday and the retail sector is looking very gray. Today Nordstrom plunged nearly 17 percent in early afternoon trading. This puts them on track for their worst day since July 2000. The retailer posted earnings after the close Thursday that missed estimates by 15…

Postal service tallies $5.1B loss in 2015 budget year

On Friday, The Postal Service reported a $5.1 billion loss for the just-completed 2015 fiscal cycle—but that’s actually a slight improvement over last year. The loss reflects continued erosion in the delivery of first-class mail as well as expensive mandates for upfront funding of its retiree health care obligations that…

Singles Day broke records in China

The shopping mega phenomenon of “Singles Day” might have broken all the records records in China, but it failed to capture the attention of U.S. consumers, according to a report released Wednesday. The Adobe Digital Index showed that the 24-hour sale celebrated on Nov. 11 has become the largest shopping…

Traders will be listening to Thursday, will you?

A half-dozen Fed speakers and a bit of  fresh jobs data could create some waves for markets when bond traders return to their desks onThursday. One of the first up will be Fed Chair Janet Yellen, she’ll make welcoming remarks at a Fed conference on post-crisis monetary policy in Washington at 9:30…

Dollar rise not as fast as you think

The idea of the Fed hiking interest rates in December has pushed the dollar higher, and it is now looking like the euro reaching parity with the greenback is all but guaranteed. Many strategists  however disagree on just how quickly that will happen and how much more the dollar can appreciate…